Shlomo Rechnitz is an entrepreneur

Shlomo Rechnitz is an entrepreneur And, you know what, you’re right, in New York business is good right now.  Rechnitz wealth and business acumen have made him a key figure in New York’s Jewish communite. Especially in Brooklyn’s Hasidic community.famouspeopletoday.com

And he has remained close to the Clintons over the years, even as the Clintons took on some of Rechnitz’s political causes in New York. A wealthy and wealthy man, with a lifestyle to match.

Rechnitz became a millionaire three times over and married into wealth as well.In 2003 he and his cousin. Henry Sieff were looking for a buyer for a strip-club business on coney island’s boardwalk Pacha. Rechnitz called it the closest thing he could find to Shlomo’s Family Beach.

The Rechnitzes had built up their family’s fortune by opening stores in New York and Philadelphia. Including a grocery store and a pizza joint. According to allegations in court documents filed by a former security guard for the Rechnitzes.

Brooklyn Heights

Rechnitz began convincing vendors and customers that he had financed the building of a massive mosque in an historic part of Brooklyn’s Brooklyn Heights. At the time, Rechnitz was an investor with several real estate brokers and landlords in Brooklyn’s Prospect Park.

The brokers were, according to court documents, aware of Rechnitz’s questionable background. And Rechnitz was known as a shrewd businessman and kept an eye out for deals that he thought would work for himself and his partners, according to witnesses who testified.

Rechnitz, according to some of his closest business associates, was also a gambler.By 2005, Rechnitz had amassed a fortune and real estate portfolio that had made him a millionaire. But according to former associates of Rechnitz.

powerful figure

Shlomo Rechnitz is an entrepreneur became an even more powerful figure in Brooklyn’s Hasidic community after he and his wife, Amanda Shneiderman, were the ones to break the tie in a bitter family dispute. In 2005, Rechnitz.

Who was friends with Rabbi Haskel Kaplan and wanted to help the rabbi with a loan. Called Kaplan and asked to meet in his apartment. According to Kaplan, Rechnitz was “glossy, almost a stereotypical entrepreneur” with a lot of business success behind him and a lot of money.

Rechnitz reportedly asked Kaplan to loan him money, or he would get a lawyer and sue Kaplan’s father, who Rechnitz believed had robbed Rechnitz’s father. According to Kaplan, Rechnitz was desperate to get a loan and had lost his business at Pacha and wanted to get back in business. According to Kaplan.

Rechnitz claimed that his father, a real estate developer, had lost his money at the strip club business because Kaplan had not provided enough collateral for the loan. According to court documents filed by Rechnitz’s lawyers.

Estate Development

Rechnitz’s claims to have been defrauded by Kaplan’s father were untrue and some of the details of that claim were forged. The lawyers say Rechnitz never alleged that his father had lost any money in the real estate development that Rechnitz was referring to.

Kaplan’s father, Moshe Rechnitz, has claimed that his son threatened his life to prevent him from testifying. In a court filing, Rechnitz’s lawyer. Mitchell Klugman. said the case was not a slam dunk for Rechnitz that his client had already hired a lawyer to represent him.

But that Rechnitz was driven to represent himself to get access to Mr. Kaplan’s family and his grandfather’s real estate. Since that would leave an important piece of the real estate puzzle.” In 2007, the Rechnitzes purchased Kaplan’s grandfather’s apartment building in Brooklyn’s Windsor Terrace.

Rechnitz also tried to buy the majority stake in Rechnitz’s family’s supermarket on Coney Island’s boardwalk. The price on that deal, according to court documents, was one million dollars. That same year, Rechnitz, according to former employees, was trying to sell his food business and was unsuccessful at that.

Court Documents

Shlomo Rechnitz is an entrepreneur. According to court documents, started pushing around restaurants and restaurants owners. At the time, Rechnitz was an investor with several real estate brokers and landlords in Brooklyn’s Prospect Park.

The brokers were, according to court documents, aware of Rechnitz’s questionable background. And Rechnitz was known as a shrewd businessman and kept an eye out for deals that he thought.

Would work for himself and his partners, according to witnesses who testified. Rechnitz, according to some of his closest business associates, was also a gambler.

Calls to one of the businesses that Rechnitz purchased through his investors were not returned. But in court documents, Rechnitz claims that he was a successful businessman, a successful real estate investor and an investor in an up-and-coming technology startup.

Business Associates

Rechnitz claimed he had all that under his belt when he started getting calls to lend money to entrepreneurs. Former business associates, however, say that none of that was true.

They claim that Rechnitz did not have enough collateral to loan money to entrepreneurs, and that Rechnitz’s business was a money loser that he had hoped to turn around by applying his real estate experience. Rechnitz said that in 2007,.

He first loaned money to an entrepreneur and then asked for more money, according to court documents. Rechnitz claimed he loaned the entrepreneur $5 million in total and was eventually able to collect $30 million. Rechnitz’s lawyers said that he only got $2 million of that money back.

But they were unable to provide specific details about when and where Rechnitz made the claims and by whom. Rechnitz, according to his lawyers.

Claimed that he asked an Israeli businessman for the remaining $30 million and that the Israeli businessman said that if Rechnitz did not have the remaining money in a week.

Business Partners

The Israeli businessman would go to Rechnitz’s former business partners and tell them that Rechnitz had paid off his debts and gave them the remaining money. Rechnitz claimed that he then told his business partners that they had not paid him back.

He claimed that one of the partners told Rechnitz that Rechnitz should not be involved in business deals like these. That if there is someone who you cannot pay back, they will get you.

Rechnitz also claimed that he tried to hire an attorney to represent him, according to court documents. But that he could not find an attorney who would take the case.

While Rechnitz claimed that he was able to find an attorney for a special treatment program for criminals in New York. Rechnitz’s attorneys said that they are not sure why Rechnitz was trying to do that, and that the attorney was not necessarily an attorney for criminal defense.

Convictions

In court documents, Rechnitz said that he paid an $8,000 fine for bankruptcy fraud and went through rehab. He claimed that he did not have any convictions. But added that he was charged with nine counts of fraudulent schemes and liens in 2013 and then seven more counts in 2014.

Rechnitz claimed that he had taken out a series of loans and loans with what he claim was collateral and that the loans were approved by a court.

Which he was under the impression was a bankruptcy court. Rechnitz said that the loans he took out were not approve by a court and that he owen substantial sums to the state and federal governments.

Several Meetings

That claim is back up by Rechnitz’s older brother. Shlomo Rechnitz who testified that he was present for several meetings in 2009 when. Rechnitz had his attorneys call the bank and ask for loans.

Shlomo Rechnitz is an entrepreneur said that he did not think. His brother was committing a crime by asking the bank for loan and that they want Rechnitz collateral. Rechnitz also said that he met with investors and clients.crunchbase.com

Went out to eat with friends and attended parties. Rechnitz claim that he did not think he was breaking any laws. But that he believe in doing business openly and open was what he was trying to do according to court documents.

Rechnitz said that he spent $1.2 million in a year, which includ the $500,000 he spent on his wedding. According to court documents. He claimed that he lived with his wife and daughter and that his wife lived with her parents.