All in the Mishpacha, Rechnitz

Businessman Eyed in Brooklyn FBI Probe Is Scion of Prominent Orthodox Family

A former director of acquisitions at the U.S. subsidiary of Israeli billionaire Lev Leviev’s investment firm Africa-Israel LTD, Rechnitz now runs his own real estate firm, called JSR Capital. He is a graduate of Yeshiva University, the modern Orthodox college in Manhattan, and a resident of Manhattan’s Upper West Side.

Rechnitz also appears to be something of a gambler. In 2012, he won $50,000 on a $1,000 bet that the first score of that year’s Super Bowl would be on a safety. Two years later, he won $25,000 more making the same bet. He told reporters that he had donated both wins to charity. In 2013, Rechnitz bet pharmaceutical billionaire Stewart Rahr $100,000 to the charity of the winner’s choice on the result of a Knicks game, and won.

Jona Rechnitz’s father Robert Rechnitz is the former chair of the West Coast region of American Friends of Likud, a U.S. nonprofit that supports Netanyahu’s political party. He chaired the Iron Dome Congressional Tribute, a February 2013 event in Washington, D.C. attended by a large number of U.S. Senators, including Rand Paul, Mark Warner, Pat Roberts, and Jean Shaheen. That was when Jona Rechnitz introduced a speech by Bill Thompson.

Robert Rechnitz declined to speak with the Forward.

Rechnitz’s cousin Shlomo Yehuda Rechnitz, 44, is a major ultra-Orthodox donor whose nursing homes are facing scrutiny from state and federal regulators in California, according to a June report in the Sacramento Bee. Rechnitz is a major giver to Orthodox yeshivas, and was one of the largest donors to Netanyahu’s reelection campaign in December 2014.

The Forward reported in February on rumors that Shlomo Yehuda Rechnitz was among the buyers of the muckraking anti-Orthodox website Failed Messiah. The website has essentially stopped publishing since its purchase by mystery buyers in early 2016, leading to suspicions that buyers meant to kill the controversial site.

Read more: http://forward.com/news/338378/businessman-eyed-in-brooklyn-fbi-probe-is-scion-of-prominent-orthodox-famil/#ixzz4Edi5Q4YP

 

5 thoughts on “All in the Mishpacha, Rechnitz

  1. No. We were not making the comparison. That was yours to assume. The question was a simple one: at what point do the collective misdeeds of a community become forgivable or is there an arbitrary line to be drawn under the guise of ” philanthropy” and does that arbitrary line extend to a Nazi war criminal or are there acts that are simply unforgivable no matter how much charity a man gives? Sy Rechniz owns a majority of beds in CA nursing homes. Does his charity forgive his deplorable treatment of the elderly in his care? Does his Chabad Charity extend to holding Chabad accountable for their widespread abuse of children or is he to be awarded for his financial assistance in keeping that silent? It is you, sir who should be ashamed. It is indeed a Hillul Hashes to bury your head in the sand and forgive the atrocities in exchange for the charity.

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  2. It’s insane how there hasn’t been a single shred of evidence linking SY to the whole Jona scandal and yet you keep on linking him to the story. You should write a story about your own misdeeds with the terrible rechilus you spread about a man who has given millions upon millions to the klal. But of course you’re just jealous of someone who is actually doing something with his life while you guys sit behind computer screens thinking up ways to spread your hate and lies.

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    • Tell us, a Nazi criminal who spends his life donating to causes to make up for his misdeeds, is he amy less guilt of the crimes or do you believe he deserves absolution? And if his crimes are not Nazi war crimes but molesting children and raping little boys? Does he get a pass because he is a large donor? We do not accuse these men of raping children, we condemn them for supporting the organizations that allow this to continue.

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