New York Wellness Executive Accused of Diverting $2,500,000 From Investor, Spending Cash on Lavish Lifestyle

Federal prosecutors say a wellness startup executive engaged in wire fraud by redirecting millions of dollars from an investor to personal expenses and overseas accounts.

The DOJ says Wanja Oberhof, a German national who co-founded The Healing Company, convinced a businessman to send $2.5 million by falsely promising the funds would largely retire debt on a valuable asset.

“As alleged, Wanja Oberhof convinced an investor to provide millions of dollars for a specific business purpose, then diverted much of that money for his own benefit and doctored records to conceal what he had done.”

Alleged outlays include about $25,000 for rent on a luxury Manhattan penthouse costing nearly $20,000 a month, more than $57,000 to repay a personal loan and more than $1.8 million to a foreign bank account he controlled.

The wire fraud count carries a maximum of 20 years in prison.

The FBI investigated the matter, and Assistant U.S. Attorney Micah F. Fergenson of the Complex Frauds and Cybercrime Unit is prosecuting the case.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

The post New York Wellness Executive Accused of Diverting $2,500,000 From Investor, Spending Cash on Lavish Lifestyle appeared first on The Daily Hodl.