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Strulowitz Hit With $90M Fraud Suit Over Alleged Brooklyn Ponzi Scheme

by therealdeal.com posted 1year ago 378 views
A group of investors who put up $20 million in a Brooklyn real estate deal are accusing landlord Cheskel Strulowitz of a Ponzi scheme that cost them $90 million in damages. The investors — including Jacob and Benjamin Schonberg, Binyomin Halpern and Raphael Elkaim, all of Israel — claim that their Brooklyn partners, led by Strulowitz, used the $20 million to acquire about 20 properties throughout the borough, and then borrowed against those assets many […]

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