Gottlieb heir squandered $3.5M fortune: lawsuit

Charity claims family trust was spent on cars, hotels

New York /
Apr.April 08, 2015 03:50 PM

An heir to the late real estate investor William Gottlieb’s fortune allegedly blew millions of dollars meant to go to charity on a spending spree that included luxury cars and hotels.

The United Jewish Appeal has claimed in a Manhattan Surrogate’s Court filing that it was supposed to receive the remainder of a trust set up by Gottlieb, who died in 1999. But it was Gottlieb’s late sister’s husband, Irving Bender, who eventually became the beneficiary of the trust, according to the New York Post.

Bender allegedly squandered $3.5 million meant for the charity on a spending spree that included luxury cars, rooms at the W Hotel in Union Square and a five-month stay at the Boca Raton Resort & Club in Florida.

Gottlieb owned an estimated $1 billion in properties in Greenwich Village, Chelsea and Lower Manhattan upon his death.

William Gottlieb Real Estate are Aurora Capital Associates are currently helming the redevelopment of former home of Pastis in the Meatpacking District. A construction worker was killed on the site Monday, as previously reported. [NYP] – Rey Mashayekhi


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
A rendering of 85 Jay Street and RXR Realty CEO Scott Rechler (Winick, Getty)
RXR makes $220M apartment bet in Brooklyn
RXR makes $220M apartment bet in Brooklyn
Gaia's Daniel Fishman and 416 West 52nd Street (Linkedin, Google Maps)
Bulk condo deal leads Manhattan’s mid-market i-sales
Bulk condo deal leads Manhattan’s mid-market i-sales
New York State Supreme Court judges Arthur Engoron, Verna Saunders and Katherine Levine (Illustration by Kevin Rebong for The Real Deal)
When big-time projects are stopped by small-time judges
When big-time projects are stopped by small-time judges
Rendering of H Hotel, slated for 58 West 39th Street (Peter Poon Architects)
Heavy hangover: Air rights purchased for massive cantilever
Heavy hangover: Air rights purchased for massive cantilever
Thor Equities Group Chairman Joseph J. Sitt. (Thor)
Thor facing foreclosure on Harlem rental building
Thor facing foreclosure on Harlem rental building
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...