“Public records show Steinberg defaulted on tens of thousands of dollars in debt spanning many years both before and after Beizer’s indictment and subsequent hearings. This makes it difficult to lay the blame for Steinberg’s hundreds of pleas for cash gifts at the feet of Stephen and Helene Beizer. “
| Public court records reveal Stephen B. Beizer reached a plea bargain in 2004 stemming from what the Arizona Attorney General office described as bilking two elderly women out of money in an ongoing series of scams undertaken between 1995 and 1999. Some of the cash was repaid but Beizer was ordered accountable for over $186,000 in restitution. Files from the criminal case were obtained from Maricopa County Superior Court.
The late Stephen Beizer was the brother-in-law of Gene Steinberg, who solicited money on Beizer’s behalf, according to
By Jack Brewer
The UFO Trail
Steinberg’s emails and posted statements. Court documents indicate Steinberg also had business dealings with Beizer. Steinberg operates Paracast and Tech Night Owl, and has drawn increasing criticism for his years of requesting cash gifts – as frequently as several times per week by email – for his common living expenses perpetually framed as emergencies.
Beizer was initially indicted in 2001 by an Arizona State Grand Jury “on 3 counts of Fraudulent Schemes and Artifices, 11 counts of Theft and one count of Illegally Conducting an Enterprise,” according to the documents. A guilty plea was entered in 2004 on amended charges of Sale of Unregistered Securities and Theft, which included a sentence of eleven months jail time, five years probation, and restitution.
The charge of selling unregistered securities, according to court records, resulted from Beizer’s tactic of issuing fraudulent stock certificates. He would sell worthless certificates as well as give them as purported repayment for numerous delinquent loans and empty investments. Beizer was subsequently ordered to pay $186,822 in restitution. From the above linked April 12, 2004 sentencing doc: