The daughter of Hirschfeld Properties founder, Abe Hirschfeld ,sued her brother Elie Hirschfeld, for fraud, alleging that Elie, the current president of the property group, took advantage of their late father’s ailing health and cheated his estate out of more than $300 million, the New York Daily News reported. In court papers filed with the Manhattan Supreme Court and seen by the Daily News, Rachel Hirschfeld also accused Elie of physically abusing their father and forcing him to sign over many valuable properties. In some cases, the suit alleges, Elie forged his father’s signature “on numerous transfer documents, thereby transferring assets and interests valued in excess of $300 million to himself, to the point where (the) father, whose net worth had been in excess of $1.5 billion, died in debt, and (Elie’s) net worth is now more than $1 billion,” the filing claims…. [more]
Posts Tagged ‘abraham hirschfeld’
Elie Hirschfeld is the president and CEO of Hirschfeld Properties, where he worked with his late father, parking garage titan Abraham Hirschfeld, for more than 20 years. A triathlete and an avid theatergoer (he’s been a voter in the Tony Awards every year since 1996), Elie Hirschfeld and his company were behind such projects as New York’s first open-air garage, the Hotel Pennsylvania and the Manhattan Mall. This week, The Real Deal talked to the developer, who is reportedly worth more than half a billion dollars (he wouldn’t comment on his wealth), about his portfolio, the Hamptons home he’s selling, the shocking scandal that rocked his family, and the Hirschfeld legacy.