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November 16, 2018

Key witness in NYPD gifts-for-favors case to fork over $350G in Ponzi cash

May 26, 2018
JSR Capital will fork over $350,000 in ill-goten earnings tied to Hamlet Peralta, seen here at his 2014 arraignment and currently behind bars. (Jefferson Siegel/New York Daily News)

The government’s star witness in an upcoming NYPD corruption trial agreed Wednesday to pay back $350,000 gained in a Ponzi scheme.

JSR Capital, which is run by Jona Rechnitz, will pay the money to a trustee overseeing former Harlem restaurateur Hamlet Peralta’s estate, bankruptcy filings in Manhattan show.




Peralta is serving five years in prison for duping investors into pouring $12 million into a bogus wholesale liquor distribution business.

An investigation into Peralta’s police ties is at the root of a sprawling 2013 probe that scrutinized Mayor de Blasio’s campaign donation practices and rocked the upper ranks of the NYPD brass.

JSR Capital earned $687,500 off a $300,000 investment in Peralta’s scheme, according to filings. The company denied liability but entered into the settlement to avoid the cost of further litigation, papers show.

Rechnitz has testified in related corruption trials that he is still in the real estate business. He is reportedly living in Los Angeles, where his father built a fortune in the same industry.

He has pleaded guilty to honest services fraud and is expected to testify against retired NYPD Deputy Inspector James Grant and de Blasio donor Jeremy Reichberg when their bribes-for-favors trial begins in October.

Both men are expected to paint Rechnitz — who donated $50,000 to de Blasio’s Campaign for One New York in 2014 — as a spoiled liar seeking a lenient sentence by cooperating with the feds.

Messages left with attorneys for Rechnitz, Peralta, Reichberg and Grant were not returned.




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