The Brius Jet Watch – 40,000 Feet

 

http://briuswatch.org/jet-paper/

The Jet Papers

In February of 2017, the National Union of Healthcare Workers (NUHW) published a report (“Misplaced Priorities at 40,000 Feet”) about a luxury jet operated by a Brius-related company for the benefit of Brius’ owner and CEO, Shlomo Rechnitz.

The following are links to many of the source documents used to prepare the report. All of the documents are public records obtained from state and federal government agencies including the Federal Aviation Administration, the California Secretary of State, and the California Office of Statewide Health Planning and Development.

Brius LLC Gulfstream G-IV Documentation

(1) Aircraft Bill of Sale (AC Form 8050-2) memorializing the purchase of the Gulfstream G-IV jet by SR Administrative Services, LLC. Dated September 20, 2013. Source: Federal Aviation Administration.

(2) Aircraft Registration Application (AC Form 8050-1) submitted by SR Administrative Services, LLC and signed by Shlomo Rechnitz. Dated September 20, 2013. Source: Federal Aviation Administration.

(3) Aircraft Registration Renewal Application (AC Form 8050-1B) submitted by SR Administrative Services, LLC. Dated July 12, 2016. Source: Federal Aviation Administration.

(4) Flight Data covering the period from September 2013 through July 2016, which the FAA provided in electronic “.xls” format. The hyperlinked spreadsheet contains two tabs: (1) “Sheet 1 – modified” and (2) “Sheet 2 – original”. Source: Federal Aviation Administration.

(5) Loan and Security Agreement by and between Compass Bank and SR Administrative Services, LLC signed by Shlomo Rechnitz and detailing a $3.628 million loan for the purchase of the jet. This document also describes the agreement by which SR Administrative Services, LLC leased the jet to SR Capital, LLC. See page 6 and various pages following the initial signature page, including an attachment entitled “Acknowledgment, Grant of Security Interest and Subordination Agreement by SR Capital, LLC.” Dated September 17, 2013. Source: Federal Aviation Administration.

(6) Limited Liability Company Articles of Organization” (Form LLC-1) for “SR Administrative Services, LLC.” Dated June 3, 2013. Source: California Secretary of State.

(7) Limited Liability Company Articles of Organization”(Form LLC-1) for “SR Capital, LLC.” Dated December 28, 2009. Source: California Secretary of State.

(8) Statements of Information” (Form LLC-12) for “SR Administrative Services, LLC. Dated November 9, 2015 and July 12, 2013. Source: California Secretary of State.

(9) Statements of Information” (Form LLC-12) for “SR Capital, LLC. Dated January 28, 2015 and October 6, 2015. Source: California Secretary of State.

(10) Certificate of Status” for “SR Administrative Services, LLC. Dated September 14, 2016. Source: California Secretary of State.

(11) Certificate of Status” for “SR Capital, LLC. Dated September 14, 2016. Source: California Secretary of State.

(12) Certificate of Merger” (Form OBE Merger-1) for“SR Capital, LLC,” signed by Shlomo Rechnitz. Dated December 20, 2012. Source: California Secretary of State.

(13) Excerpt from Medi-Cal Cost Report Describing a Brius Nursing Home’s Transactions with SR Capital, LLC. This two-page excerpt is taken from a recent Medi-Cal Cost Report submitted by one of Brius’ nursing homes, Monterey Healthcare & Wellness Center (Rosemead, CA), to the California Office of Statewide Health Planning and Development (OSHPD). This excerpt offers an example of the kinds of financial transactions between “SR Capital, LLC” (the corporation that operates the jet) and individual Brius nursing homes. On the second page of the document, Monterey Healthcare & Wellness Center reports it paid $530,382 to SR Capital/YTR Capital during the 12-month period ended December 31, 2015. In addition, it shows that Monterey Healthcare & Wellness Center owed $4,327,952 to “SR Capital, LLC” at the end of 2015. Source: California Office of Statewide Health Planning and Development.

(14) Shlomo Rechnitz, SR Capital, LLC and SR Administrative Services, LLC. This notarized document is excerpted from the 54-page “Loan and Security Agreement by and between Compass Bank and SR Administrative Services, LLC,” which is available in its entirety on this page. It is excerpted here in order to document Rechnitz’ role atop SR Capital, LLC and SR Administrative Services, LLC, the corporations that operate and own the jet. For example, Rechnitz signed this notarized document which identifies him as the “CEO” and “Managing Member” of “SR capital, LLC, a California limited liability company, as the sole member and manager of SR ADMINISTRATIVE SERVICES, LLC, a California limited liability company…” Multiple additional public records confirm Rechnitz’ positions.

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