Guilty plea entered in scheme to defraud Egyptian-American Coptic Christian clients

February 13, 2025 Brooklyn Eagle Staff

The U.S. District Court for the Eastern District of New York in Brooklyn. Brooklyn Eagle photo by Rob Abruzzese

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DOWNTOWN BROOKLYN — A Florida man has pleaded guilty in Brooklyn federal court to committing investment adviser fraud in a scheme that targeted Egyptian-American Coptic Christians, U.S. Attorney John Durham announced.

During the proceeding, at which U.S. District Judge Hector Gonzalez presided, Mina Tadrus of Tampa pleaded guilty to committing investment adviser fraud in connection with a scheme to defraud investors in Tadrus Capital LLC, a hedge fund Tadrus founded and operated, of more than $5 million. The defendant, charged in September 2023, targeted Egyptian-American Coptic Christians and spent his victims’ funds on personal expenses.

Tadrus marketed interests in Tadrus Capital to investors based on false promises that he would employ artificial intelligence-driven trading strategies that would earn guaranteed annual returns of 30% or more. In reality, however, Tadrus did not engage in any trading activity, instead using the investors’ funds to pay employees, to purchase luxury gifts and expensive meals for himself, and to make Ponzi scheme-like payments to new victim investors.

U.S. Attorney Durham’s office advises that Tadrus Capital clients who would like to file a complaint can visit www.iC3.gov. Please reference “Tadrus Capital” or “Mina Tadrus” in the complaint.

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