Chabad Real Estate Developer Claims To Be Broke, Says Owes More Than $50 Million In Court Judgements

Chabad real estate developer Jeshayahu “Shaya” Boymelgreen is facing a $1.2 million judgment in a lawsuit connected to his River Lofts condominium in Tribeca. But this is the least of Boymelgreen’s problems. According to an affidavit filed by Boymelgreen with a New York State court, he already has $50 million in other unpaid court judgments against him.

Above: Jeshayahu “Shaya” Boymelgreen

Chabad Real Estate Developer Claims To Be Broke, Says Owes More Than $50 In Court Judgements
Shmarya Rosenberg • FailedMessiah.com

Chabad real estate developer Jeshayahu “Shaya” Boymelgreen is facing a $1.2 million judgment in a lawsuit connected to his River Lofts condominium in Tribeca, The Real Deal reported.

But this is the least of Boymelgreen’s problems. According to an affidavit filed by Boymelgreen with a New York State court, he already has $50 million in other unpaid court judgments against him.

A former contractor at the 416 Washington Street property, William Setters, and Setters’ wife Kathleen, filed suit in February claiming that Boymelgreen and co-developer Chabad oligarch Lev Leviev’s Africa Israel illegally converted the profits from the development.

Setters claims he was severely injured in an accident there ithis year, and claims Boymelgreen and Leviev sold out their stake in the development for more than $131 million – which both are allegedly now trying to conceal.

But Boymelgreen says his company,  Boymelgreen Family, is broke.

In the affidavit, Boymelgreen claims his company’s former offices located at 750 Pacific Street in Brooklyn were seized by eminent domain about five years ago. When that happened, Boymelgreen claims he was given only 12 hours to vacate the property and most of his company’s documents were lost at that time.

“Additionally I suffered over $50 million in judgments. Thus I do not have funds to pay the accountants, or even to dissolve Boymelgreen Family,” Boymelgreen wrote under the penalty of perjury.

Boymelgreen was previously held in contempt of court after he failed to respond to a subpoena last year from the plaintiffs requesting all financial and legal records related Boymelgreen Family and Africa Israel, The Real Deal reported.

Africa Israel’s COO, Damien Stein, claimed in an affidavit filed in April that Africa Israel does not have any proceeds from the River Lofts condo sales. Stein claimed that income from the  condo sales were used to pay for expenses, including paying off a project loan and other project expenses.

Leviev’s Africa Israel and Boymelgreen are co-defendants in another lawsuit over their 15 Broad Street development. New York State Attorney General Eric Schneiderman is investigating Leviev and Boymelgreen over their failure to obtain a certificate of occupancy and other problems.

In 2011, people who purchased condos in the project sued the developers over shoddy construction, broken promises and other issues. Schneiderman’s lawsuit claims that millions of dollars set aside by developers in a fund to address defects at the property now cannot be accounted for.

Both Boymelgreen and Leviev and their respective companies developers have been banned from marketing or selling condos and coops in New York State until Schneiderman’s investigation is completed.

Last month, a judge ordered Africa Israel to turn over control of 15 Broad Street to the building’s units’ owners.

Neither Boymelgreen or Africa Israel commented on the latest news when contacted by The Real Deal.

Related:

All Shaya Boymelgreen Posts.

All Lev Leviev Posts.

Comments

[RWisler]

Shmarya,

Please correct the headline of this article. It says that he owes $50, not $50 million.

[baluga sandwichs]

50 or 50 whatever ,,do u really think this shrewd futher mucker should be believed?? he got it somewhere trust me

[Michael-Meir]

He left a trail of failed projects in Miami too.

http://bobmiami.com/2007/07/05/update-on-the-leviev-boymelgreen-split/

[Andrew]

I love how he claims that he was given only 12 hours to clear out of his property -- and, as a result, most of his company's documents were lost.

To quote a(nother) great Chabadnick: Doesn't anyone blush anymore?

[WoolSilkCotton; I must be seen to be believed]

There is no such emotion as shame in Frumland.
Well, there is shame in being caught, but that's it.

[put a square into a hole]

The above text is from his court deposition.
"Under the penalty of perjury"
HA HA did we forget that he is married to a rubashkin!!!!!

[ah-pee-chorus]

+++ he was given only 12 hours to clear out of his property++++

HAHAHA . that's great. So let's say there was a knock on his door at 7 a.m. at which he was notified for the first time that his property was being taken through eminent domain. And he was given till 7 p.m. to clear out. Does this POS think everyone is a fool?

[D]

wonder if is attny is the crooked moshe lehrfeld hes good and losing monery or giving money to crooks and taking trust money from his family

[margaret simms]

@D im trying to upload a pic onto the blog, mine r in an album so its not uploading properly. can you upload a pic on this forum? Thanks, Suryl Joy

[David]

The frumma always have a problem with losing documents.

[WoolSilkCotton; I must be seen to be believed]

The frumma love to brag about these "wealthy and successful" businessmen, such as Boymeldrek and Stark, as 'proof' that you don't need a secular education.

You only have to scratch the surface to find that all these "wealthy and successful" frumma businessmen are just crooks and schemers.

[IsraelFAN]

WoolSilkCotton

Go back to your 9-5 drone job, and be happy with your 35k per year. Let the Frumma make money, you twerp!

[WoolSilkCotton; I must be seen to be believed]

Lying cheating and stealing is how the frumma make money. You think I'm jealous of them?
More prisons with kosher kitchens. That's the answer.

[WoolSilkCotton; I must be seen to be believed]

An occasional gasoline bath in a dumpster is a small price to pay for a frummer to be a "successful business man".

[IsraelFAN]

WoolSilkCotton

Wow what a loser. How does it feel to drown in debt and not make ends meet? Oh but you can always wipe your ass with your diplomas.

[WoolSilkCotton; I must be seen to be believed]

I could always start a Ponzi scheme if I had smicha.

[Mefoar]

WoolSilkCotton, look at all those highly educated doctors who should know better not to steal and milk the system dry not to abuse patients look what thieves and pigs they are.

Atlanta Doctor Sentenced for Defrauding Medicare and IRS
http://www.fbi.gov/atlanta/press-releases/2014/atlanta-doctor-sentenced-for-defrauding-medicare-and-irs

Oakland County cancer doctor accused of unnecessary treatments, defrauding Medicare of millions
http://www.freep.com/article/20130806/NEWS05/308060139/Oakland-County-oncologist-charged-with-Medicare-fraud

Feds Accuse Texas Doctor In $350 Million Medicare Fraud
http://www.npr.org/blogs/health/2012/02/28/147576819/feds-accuse-texas-doctor-in-350-million-medicare-fraud

Orlando eye doctor accused of $7 million in Medicare fraud
http://articles.orlandosentinel.com/2014-05-06/news/os-david-ming-pon-medicare-theft-20140506_1_medicare-fraud-macular-degeneration-laser

Doctor fondled sedated patient in Wonderbra manoeuvre
http://www.telegraph.co.uk/news/uknews/crime/9209040/Doctor-fondled-sedated-patient-in-Wonderbra-manoeuvre.html

Pasco doctor who fondled patients is back in jail
http://www.wtsp.com/video/3034744398001/1/Pasco-doctor-who-fondled-patients-is-back-in-jail

Doctor who fondled breasts of patient who had swollen finger is struck off
http://www.dailymail.co.uk/news/article-1302864/Doctor-fondled-breasts-patient-swollen-finger-struck-off.html

Hawthorne doctor charged with allegedly fondling patients
http://www.northjersey.com/news/crime-and-courts/doctor-charged-with-fondling-two-patients-1.1006653

[WoolSilkCotton; I must be seen to be believed]

And the board of medical examiners in each state suspended or revoked their licenses, in addition to criminal penalties and civil suits.

If those doctors were frum rabbis, they would be honored with testimonial dinners and given shlishi on Shabbos.

[WoolSilkCotton; I must be seen to be believed]

And their victims would be ostracized by the frum coomunity for mosering on their doctors.

[IsraelFAN]

Mefoar

Don't interact with these losers. The only thing that people here have in their miserable lives is their "supposed" moral outrage. Let them eat shit! Let them walk the streets of Brooklyn and suck it! Them Hasids are raking it in!!!

[Fleishike Kishke]

Wow what a loser. How does it feel to drown in debt and not make ends meet? Oh but you can always wipe your ass with your diplomas.

Posted by: IsraelFAN | May 13, 2014

Thank you for publicly displaying the frumma contempt for honest, working 'drones' and for education.
Many 'drones' actually live within their means, so they aren't 'drowning in debt.' And the educated have a mental quality of life (you know, what separates man from beast) which you likely will never know.

[FuckthemJews]

Once again the jealousy of the semi-jewish community is shining through. You need to pick and choose hasids who screwed up in order to justify your pathetic lives. Face it, there are people out there with the initiative and drive to actually succeed in life! You went to school and got a degree in Early Childhood Education. You work in a day care center and are paid 38k before taxes. And you have thousands in student loans. Of course youre jealous of people with the intelligence and ability to actually afford stuff you can only dream of!

Don't justify your failure by denigrating other people. Face it, your a loser and you always will be!!!

[Mefoar]

WoolSilkCotton, its not what you mentioned before so my comment still applies.
And you know full well that i was referring to your comment about '"how the frumma do what they do because they don't have a secular education". So i cited some tiny examples how highly intelligent secular Jews and non-Jews behave in their business robbing and abusing patients.

[Fleishike Kishke]

FuckthemFrumma: What's your definition of success?

[WoolSilkCotton; I must be seen to be believed]

Websters Frum Dictionary

Success:
Lying, cheating, swindling and stealing from non-frum and non-Jews.

[Fleishike Kishke]

WSC: You must have an old edition. My Websters dictionary includes swindling less-sophisticated frumma when convenient (especially B.T.s) citing the Great Australian Lubavitcher Miner as an example.

[Michael]

WSC, FK, lol, you also both forgot to mention the obligatory stealing from the government in the form of tax avoidance and receiving welfare, grants etc fraudulently. The Austalian miner had a heter though from the Rebbe so that was a bit below the belt..lol

[m]

broke ? yeah right . who's going to believe a chabad developer ?

who will deal with a chabad developer in the first place ?

those boymelgreen owes money should take over his properties , including
those he owes the unpaid court judgement against him and still boymelgreen will be left with millions and be still wealthty

[m]

boymelgreen should ask the rebbe for a broho to get him out of his troubles and to clear him out of his debts . it might work . seriously .

the rebbe is sitting on his chair at 770 and the raven are twirling around him like there's no tomorrow .

[davidgold123]

fuckthemjews,

You have too much gaava. Eventually the frum's scams and crooked business dealings catch up to them and they get burnt alive like in the Holocaust. Frum crookedness will have us kicked out of this country eventually

[davidgold123]

Most of the American frum would make the criminal mafia proud.
Obviously you don't need diplomas and it's easy to make money when you swindle it out of other people

[davidgold123]

Israelfan,
I'm a lawyer not some smelly non-deoderant using hasid dealing in blood diamonds. If there was a death penalty for big financial crimes your community would amount to a few hundred.

Hatzlacha !