Jona Rechnitz and JSR Capital LLC
LostMessiah, April 5, 2016
Jona Reschnitz is known in former news articles, primarily from 2013 for his JSR Capital LLC. JSR is a Manhattan-based real estate firm he heads, which in 2013 acquired 238 Madison Avenue, between 37th and 38th streets for the purpose of building what, at the time, was to be new condominiums or a hotel. The Seller of the site was Nissan Perla, an international diamond magnate. The JSR website gives very little information about its principals, except that it was founded in 2010. The website also only gives basic information regarding JSR’s business endeavors. The last update of that site was in 2013.
In November of 2013, it was reported that Jona Rechnitz of JSR Capital LLC was one of the members of Mayor Bill de Blasio’s Inaugural Committee. Included in that article were not only some notable actors and actresses, a number of law firms but also a number of questionable figures in the Jewish and ultra-Orthodox community, including Jona Rechnitz, allegedly connected to the below-referenced investigation. In addition to Jona Rechnitz, the other person mentioned below, Jeremy Reichberg was also a member of the Inaugural Committee.
In 2014, it was reported that Jona Rechnitz won $25,000 on a $500 bet prediction that the first scoring play of the 2014 Super Bowl game would be a Seattle safety. At the time, the money was to be given to the Simon Wiesenthal Center as a donation. According to an article in TMZ Sports, Rechnitz’s win in 2014 was his second in 2 weeks.
In 2014, it was reported in the Forward the Rechnitz won $15,000 for wagering that the Seattle Seakhaws would score the first points on a safety. The bet placed was for $300.00. In that article, it was mentioned that he might have placed a second bet and that they were not sure what he was going to do with the $15,000.00
In 2012, it was reported that Rechnitz won when he “hit the JACKPOT…, betting $1,000 on the Giants to score the first points in the big game with a safety. The odds were 50 to 1. There again, he apparently donated the money to charity.
On April 5, 2015, it was reported in multiple reports that Reschnitz is being tied to an alleged gifts for favors scheme. It should be noted Jeremy Reichberg also listed as a member of the Inaugural Committee for Mayor de Blasio in 2013, is also tied to the below investigation.
from the New York Post, April 5, 2016
The FBI is investigating suspected NYPD corruption focusing on the relationship between two politically connected businessmen and a slew of officers throughout the ranks, multiple sources told The Post on Monday.
The feds are grilling about 20 cops — including three deputy chiefs and the head of the Upper East Side’s 19th Precinct — over gifts and foreign trips that the businessmen may have doled out to them in exchange for favors, law-enforcement sources said.
A grand jury also has been convened, sources said.
The investigation began with an unrelated deal-gone-awry involving the two businessmen — Mayor de Blasio buddies Jona Rechnitz and Jeremy Reichberg, well-placed sources said.
They gave a large sum of money to a third party who was supposed to buy discounted liquor for them to sell at a profit, but investors lost their money and the feds opened a fraud probe, sources said.
Wiretaps on the two businessmen’s phones revealed relationships with several NYPD cops — and the probe soon led the feds to then-NYPD Chief of Department Philip Banks and his close pal, Corrections union president Norman Seabrook, sources said.
Reichberg, who lives in Borough Park, is a police buff known for his NYPD connections, while Rechnitz is a deep-pocketed de Blasio donor from the Upper West Side, sources said.
The businessmen became close friends with Banks and Seabrook, with the foursome traveling together to the Caribbean and to Israel in 2014.
Rechnitz picked up both men’s tab for the Caribbean jaunt, sources said. He also paid Seabrook’s airfare and hotel bills in Israel, while Banks paid for the flight but allowed Rechnitz to pick up his lodging tab, sources said.
Although he was on his personal time, Banks wore his NYPD uniform during a visit to the Western Wall in Jerusalem, and when he returned to New York, shared what he had learned with authorities here, sources said.
As a thank-you gift for all Rechnitz had done, Banks and Seabrook bought him a pricey backgammon set made of ancient wood.
“[We] spent $5,000 on the backgammon set — custom-made from Israel — so that nobody could say they bought me the [plane] ticket,’’ Seabrook told The Post Monday.
“There is no quid pro quo. There’s nothing [the FBI] could say Norman did wrong,’’ he added, referring to himself.
Banks could not be reached for comment.
Rechnitz also paid for at least part of other cops’ trips to places such as London, Rome, Las Vegas and the Caribbean, sources said.
Several sources said those being questioned as part of the probe include Deputy Inspector James Grant, head of the Upper East Side’s 19th Precinct; Brooklyn South Deputy Chief Eric Rodriguez; and Deputy Housing Chief Michael Harrington. Harrington worked for Banks before the chief of department retired.
“Most of the bosses questioned are not targets,’’ a law-enforcement source claimed.
Captains Endowment Association President Roy Richter said, “A number of my members have been interviewed by federal investigators. All of them fully cooperated and were told they were not the targets or subject of the investigation.’’
One of the officers who has already testified before the grand jury is veteran NYPD Community Affairs Officer Michael Milici, sources said. The detective pleaded the Fifth and was placed on modified duty, sources said.
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The Real Deal, Rechnitz’s JSR Capital plans Madison Avenue tower, from May 14, 2013
The Observer, Bill de Blasio Rolls Out Inauguration Team, from November 30, 2013
The Real Deal, NYC property investor wins Super Bowl bet — again, from February 4, 2014
The Forward, Jewish Fan Jona Rechnitz Wins $15K on Super Bowl ‘Safety’ Bet, February 3, 2014