Apparently Philip Banks Received Lavish Gifts, Rechnitz and Reichberg -Front and Center

rechnitz

In another photograph on the New York Post article, Chief Philip Banks can be seen in uniform at the Western Wall in Israel with Jona Banks and Jeremy Reichberg.

updated, LostMessiah commenter, April 7, 2016

Chief Banks Left His Position in 2014 because he was the Subject of an Investigation, as reported by the New York Post

It has been reported that Chief Philip Banks left his position in 2014, rather than take a promotion because, as reported by The New York Post:

“Now, The Post can reveal that Banks was the target of an ongoing federal corruption probe when he walked away from his job as one of the most powerful men on the force.

Investigators found “hundreds of thousands” of dollars in his bank accounts that raised red flags, sources said on Wednesday.

“He did bow out in kind of a strange manner,” said a source involved with the investigation.

The feds discovered the money while looking into his close relationship with two businessmen being probed for giving gifts to high-ranking NYPD members in exchange for favors.

“Banks had collected an inordinate amount of cash,” a source familiar with the case said. “Which begged the question, where is he getting this money? How is he getting it?””

 

Showered With Gifts – NYC Police Department in the Pockets of the Haredim

“The favors were troubling — using NYPD cops to provide security for private cash and jewelry deliveries and police escorts for funerals and airport trips to transfer bodies to Israel.”

April 6, 2016

The New York Post reports:

FBI probe finds NYPD traded services for Super Bowl tickets, luxe trips

The gifts were lavish — Super Bowl tickets and vacations to China and London.

The favors were troubling — using NYPD cops to provide security for private cash and jewelry deliveries and police escorts for funerals and airport trips to transfer bodies to Israel.

New details emerged Tuesday in the FBI’s corruption investigation into the police department, including how deep-pocketed businessmen who were the original targets of the probe sought out high-ranking members who they knew could “get things done for them,” sources told The Post.

“They don’t go to police officers or detectives. They’re too far down the food chain,’’ a law enforcement source said of the politically connected businessmen.

“They go straight to the top: the [commanding officer], lieutenants and other top officials at the precinct,” the source added. “They get things done for them. All they need to do is make a call.”

The favors ranged from getting police escorts for their own business deliveries, to crowd control during Hasidic weddings, and even receiving special security when Torahs are moved, according to sources.

The feds are looking into whether high-ranking NYPD officers then received gifts as part of an illegal quid pro quo — including jaunts to the Super Bowl, China, London, Brazil and Rome, and golfing trips to the Dominican Republic, sources said.

The suspected corruption surfaced during a separate financial investigation into Mayor Bill de Blasio cronies Jona Rechnitz, an Upper West Side real estate powerhouse, and Jeremy Reichberg, a prominent figure in Borough Park, Brooklyn, the sources said.

Wiretaps on the two men raised red flags because there were so many phone calls to and from cops, sources said.

“When it’s replayed, it might not sound good,’’ a source said of the wiretaps, explaining that they involve one of the businessmen making requests and the cops saying they’ll take care of it, although it’s unclear if any criminal conduct occurred.

Up to 20 NYPD members — including Deputy Inspector James Grant, the head of the Upper East Side’s 19th Precinct, and two other deputy inspectors — are being grilled over what they might know, sources said.

Some were questioned during 5 a.m. visits to their homes by the FBI. Staten Island Highway Sgt. Al Bono was questioned by agents at his house last week.

Sources said the you-scratch-my-back-I’ll-scratch-yours arrangement between the department and local leaders has been going on for decades — and that Rechnitz and Reichberg are experts at mining it.

Rechnitz is “always bragging about his relationship with the cops, how he knows everyone,” a former work associate said.

Reichberg “likes to talk about himself and drop names of people he knows. He likes to brag,’’ a law enforcement source said.

“He drops names to the cops that he knows Mayor de Blasio and [former NYPD Chief of Department Philip] Banks. He thinks he’s a big shot because of his so-called connections,” the source added. “I don’t know why these [cops] got friendly with him.’’

Banks and his buddy, corrections officers union chief Norman Seabrook, were the first law enforcement officials to come on the feds’ radar, sources said.

Both took overseas trips with Rechnitz and Reichberg, with Banks’ and Seabrook’s bills at least partly paid for by Rechnitz, according to sources.

Banks also was treated to two golf trips to the Dominican Republic, a government source said, and Reichnitz covered his hotel bill in Israel, where Banks posed in uniform at the Western Wall, even though he was on personal time.

Ben Brafman, Banks’ lawyer, said Tuesday, “It does not appear that Mr. Banks, either while employed by the New York City Police Department or after he retired, was involved in any intentional criminal conduct.”

A source said Seabrook is suspected of using Rechnitz’s JSR Capital LLC to invest union money without board approval.

Seabrook has denied any wrongdoing.

Police Commissioner Bill Bratton said Tuesday that the NYPD will “cooperate fully’’ with the FBI and called probes like this “the nature of the business.”

“We’ll just have to see where the investigation goes, and it’s something that, as you’d expect, we will participate in and kind of cooperate fully with,” the city’s top cop said.

“That’s all I’m able to say at this time,” he said. “On these investigations, we’re not able to comment on them, and that’s an agreement with the bureau.”

Detective Michael Milici was placed on modified duty after pleading the Fifth when questioned by a grand jury during the probe — a disciplinary move that Bratton said was “for the good of the department.”

Neither Rechnitz nor Reichberg responded to requests for comment.

To view entire article click, here.

 

14 thoughts on “Apparently Philip Banks Received Lavish Gifts, Rechnitz and Reichberg -Front and Center

  1. Anonymous at 3:43pm (I cannot directly reply for some reason): the story does not say that they called the FBI. It says that the FBI looked into the affair of the lost liquor.

    Also, sales of perishables involving big discounts or markups can easily lead one to believe the origin of the goods may be through organized crime. Ever see Goodfellas? Remember this?

    “Paulie could do anything. Especially run up bills on the joint’s credit. And why not? Nobody’s gonna pay for it anyway. And as soon as the deliveries are made in the front door, you move the stuff out the back and sell it at a discount. You take a two hundred dollar case of booze and you sell it for a hundred. It doesn’t matter. It’s all profit. And then finally, when there’s nothing left, when you can’t borrow another buck from the bank or buy another case of booze, you bust the joint out. You light a match.”

    Liked by 1 person

  2. “One of the world’s greatest young philanthropists and businessmen”

    4:05

    King: Do you measure [success] in dollars? It’s how you keep score in America.

    Rechnitz: As long as you’re doing it honestly and with integrity. I guess the only other gauge is dollars as well, you know, a person always has to establish themselves as an honest person, especially in our religion, we want to sanctify G-d’s name in all our dealings.

    Like

  3. New details emerged Tuesday in the FBI’s corruption investigation into the police department, including how deep-pocketed businessmen who were the original targets of the probe sought out high-ranking members who they knew could “get things done for them,” sources told The Post.

    The suspected corruption surfaced during a separate financial investigation into Mayor Bill de Blasio cronies Jona Rechnitz, an Upper West Side real estate powerhouse, and Jeremy Reichberg, a prominent figure in Borough Park, Brooklyn, the sources said.

    How does their claim they lost money on a bad liquor deal go from them being the victims to them being the suspects?

    Like

      • Even if it means losing a bit on the fee (or cutting a deal to get paid over time), getting Banks as a client means having a high ranking member of the NYPD who has connections. The next time Brafman needs someone to pull up files on someone, you know the first person he will call…

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  4. Here’s what is so strange about this story:

    “Rechnitz and Reichberg allegedly gave money to a third party who was reportedly to buy discounted liquor for them to sell, the Post reported. The federal probe started after the duo lost their money on the deal, according to the Post.”

    So if Rechnitz is the victim of a fraud how does it get to the point where the FBI is wiretapping HIS phone? The FBI only found our about the police scandal from these wiretaps and these wiretaps came about only because of Rechnitz’s claim of being defrauded.

    Something doesn’t add up here.

    Like

    • Simple: none of this says that this was *their* money to lose. If it was for charitable purposes, how much money was supposed to go into the expense and how much money was gained from the sale would have to be reported –and if the money simply “disappears” and they were not the ones who reported it, then you immediately have to ask if they embezzled it or put it some other fraudulent use.

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      • Given their self-known exposure to something like this, you would think if your theory is correct that they would cover the losses out of their own “deep pockets” rather than have the FBI get involved. But I guess stupid people do stupid things.

        Isn’t it amazing that we have 2 frum fraud stories occupying the front pages of the papers?

        WHERE WOULD BE BE WITHOUT LM? MUCH BETTER THAN EVEN FM IN MY OPINION! KEEP UP THE GREAT WORK!!

        Liked by 2 people

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