Florida Man Arrested for Impersonating Elon Musk in $250,000 Elder Fraud Scheme

Jeffrey Moynihan Jr. allegedly scammed a 74-year-old Texas woman by posing as Elon Musk, promising massive investment returns.

Jeffrey Moynihan Jr., a 56-year-old Florida businessman, was arrested and charged with grand theft for impersonating Elon Musk to defraud an elderly woman.
The victim, a 74-year-old Texas resident, was convinced she was communicating with Musk after Moynihan used real-life events and news about the billionaire to build credibility.
Moynihan allegedly persuaded the woman to transfer $250,000 to accounts linked to his business, promising a $55 million return on investment.
The victim's husband claims the total amount lost could be as high as $600,000, and he believes his wife, who may have dementia, still thinks the impersonator was Musk.
Authorities are investigating Moynihan's financial activities and the whereabouts of the remaining funds, while determining if he may also be a victim of a separate scam.