Shlomo Rechnitz Is An Entrepreneur

Shlomo Rechnitz is an entrepreneur According to allegations in court documents filed by a former security guard for the Rechnitzes, 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.shlomorechnitz.net

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. 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.

Court documents filed by Rechnitz’s lawyers. 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.

Windsor Terrace

Has claimed that his son threatened his life to prevent him from testifying. 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. 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.

Provide Specific

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 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.

Fraudulent Schemes

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 claimed 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 approved by a court and that he owed substantial sums to the state and federal governments.

That claim is backed 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 said that he did not think his brother was committing a crime by asking the bank for loans and that they wanted Rechnitz’s collateral.

Statements And Testimony

Rechnitz’s attorneys said in court documents that Shlomo Rechnitz. was not involved in helping Rechnitz collect money or be involved in any scheme and was not involved in any deal with. Shavit Rechnitz according to court documents. Prosecutors did not respond to questions from the I-Team about Shlomo Rechnitz and Rechnitz’s statements and testimony.

In other words, Shlomo Rechnitz is not facing federal charges. Beth Murray a spokeswoman for the U.S. Attorneys office said that Shlomo Rechnitz is not a target of the government and was not charged. She declined to comment on Shlomo Rechnitz relationship to Rechnitz younger brother. Rechnitz’s statements or Rechnitz’s claims of not being able to find an attorney.

Dennis Regan, a lawyer who was Rechnitzsbankruptcy trustee. Told the i team that Rechnitz’s case was handled by Regan and Rechnitz attorney and that Rechnitz business and debt were in the trustee’s hands. Regan also said that Rechnitz and his lawyer went to New Jersey to testify, but Regan did not go to New York.

Involvement

Regan said that Rechnitz would have been able to find an attorney in. New York to testify for him because Rechnitz is a citizen of New York. I’m sure he did that because he knew that would be part of it. Regan said.The IRS also declined to answer the I-Team’s questions about Rechnitz’s involvement with his attorney.

Rechnitz said that he has an instinct for deals and has sold about $50 million in real estate since 2008. Rechnitz and other investors and contractors purchased properties in New Jersey and New York and renovated them.

In 2010. Shlomo Rechnitz is an entrepreneur started trying to sell properties that he had purchased in. Staten Island and purchased the homes from small to medium size businesses. Rechnitz and the buyers would then jack up the prices and resell the homes for a profit.

He did not want to receive federal loan money and claimed he did not have to because his bankruptcy trustee handled his financials.

Shlomo Rechnitz said he did not receive loan money because he got a mortgage loan which he paid off. Even after Rechnitz was caught with large amounts of cash on his boat. He claimed he never thought he was committing any sort of crime.

Cooperating Witness

But federal prosecutors alleged in court documents that. Rechnitz met in 2006 with a cooperating witness who was the. Owner of a Staten Island business that Rechnitz purchase and took over. Which led to the creation of a shell company and various other fraudulent transactions.

Shlomo Rechnitz is an entrepreneur said the cooperating witness wanted to give him a $10,000 bribe because he wanted to have a project for. Rechnitz and Rechnitz did not have enough money. The FBI then began looking into Rechnitz after they received a tip that he was giving or offering $10,000.

Bribes to several people in exchange for official acts. In 2010, Rechnitz met with a cooperating witness at his law office in Staten Island and secretly recorded the meeting.

The meeting was part of the government’s operation hotel tricks a wide ranging. Investigation into the alleged misdeeds of a group of business and political leaders.

During the meeting. Rechnitz and his business partner. Jonathan Pollak, discussed secret transactions and payments. With the cooperating witness and he agreed to pay Rechnitz about $150,000.

Rechnitz and Pollak gave $100,000 of the bribe money to the cooperating witness. But the $100,000 was not the first payment according to a federal indictment.