Where's Menachem Stark's Missing $1.7M?

Probe Finds Hasidic Developer's Big Bucks Account Looted


By Forward Staff

Published January 23, 2014.
  • Print
  • Share Share

Police are reportedly investigating what happened to $1.7 million that vanished from a business account tied to slain Brooklyn real estate developer Menachem Stark.

The money was “improperly” removed from a joint $2 million account the murdered Hasidic man set up with partner Israel (Sam) Perlmutter, the Daily News reported, citing court documents.

An additional $200,000 is also missing under unclear circumstances, the paper said.

Click to see the rest of the section, Click for more stories about Menachem Stark

Brooklyn Bankruptcy Court Judge Elizabeth Stong ordered officials to review the accounts of the pair’s South Side realty company last week, following Stark’s brutal murder.

Stark, a prominent member of the Satmar Hasidic community, had a tangled business history and owed six-figure debts to several creditors and former associates.

He spent most of his last days pleading with friends and business partners for a large loan — and ironically may have secured the cash that could have saved his life in the days before his abduction on January 2, the New York Post reported.

But investigators started focusing on a much smaller unpaid debt after recovering the light-colored van used in the kidnapping — and tying the vehicle to a particular contractor, whom they have not identified.

Stark was snatched outside his real estate office in Williamsburg on Thursday, Jan. 2 around 11:30 p.m. His body was found in a dumpster in Great Neck, Long Island, the next day.

Police sources say he died of “compression asphyxiation” possibly from being choked or sat on during a struggle.

Investigators believe the abduction may have been concocted to scare Stark into forking over the money he owed and was not originally planned as a murder.


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • "My wife and I are both half-Jewish. Both of us very much felt and feel American first and Jewish second. We are currently debating whether we should send our daughter to a Jewish pre-K and kindergarten program or to a public one. Pros? Give her a Jewish community and identity that she could build on throughout her life. Cons? Costs a lot of money; She will enter school with the idea that being Jewish makes her different somehow instead of something that you do after or in addition to regular school. Maybe a Shabbat sing-along would be enough?"
  • Undeterred by the conflict, 24 Jews participated in the first ever Jewish National Fund— JDate singles trip to Israel. Translation: Jews age 30 to 45 travelled to Israel to get it on in the sun, with a side of hummus.
  • "It pains and shocks me to say this, but here goes: My father was right all along. He always told me, as I spouted liberal talking points at the Shabbos table and challenged his hawkish views on Israel and the Palestinians to his unending chagrin, that I would one day change my tune." Have you had a similar experience?
  • "'What’s this, mommy?' she asked, while pulling at the purple sleeve to unwrap this mysterious little gift mom keeps hidden in the inside pocket of her bag. Oh boy, how do I answer?"
  • "I fear that we are witnessing the end of politics in the Israeli-Palestinian conflict. I see no possibility for resolution right now. I look into the future and see only a void." What do you think?
  • Not a gazillionaire? Take the "poor door."
  • "We will do what we must to protect our people. We have that right. We are not less deserving of life and quiet than anyone else. No more apologies."
  • "Woody Allen should have quit while he was ahead." Ezra Glinter's review of "Magic in the Moonlight": http://jd.fo/f4Q1Q
  • Jon Stewart responds to his critics: “Look, obviously there are many strong opinions on this. But just merely mentioning Israel or questioning in any way the effectiveness or humanity of Israel’s policies is not the same thing as being pro-Hamas.”
  • "My bat mitzvah party took place in our living room. There were only a few Jewish kids there, and only one from my Sunday school class. She sat in the corner, wearing the right clothes, asking her mom when they could go." The latest in our Promised Lands series — what state should we visit next?
  • Former Israeli National Security Advisor Yaakov Amidror: “A cease-fire will mean that anytime Hamas wants to fight it can. Occupation of Gaza will bring longer-term quiet, but the price will be very high.” What do you think?
  • Should couples sign a pre-pregnancy contract, outlining how caring for the infant will be equally divided between the two parties involved? Just think of it as a ketubah for expectant parents:
  • Many #Israelis can't make it to bomb shelters in time. One of them is Amos Oz.
  • According to Israeli professor Mordechai Kedar, “the only thing that can deter terrorists, like those who kidnapped the children and killed them, is the knowledge that their sister or their mother will be raped."
  • Why does ultra-Orthodox group Agudath Israel of America receive its largest donation from the majority owners of Walmart? Find out here: http://jd.fo/q4XfI
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.