“The people he is stealing from are his own parents – the same parents who worked hard all their lives and saved their money, the same parents that bailed him out of jail, took him back into their home when he dropped out of school, the same parents who paid for him to learn the real estate business and the same parents who provided the millions in seed money to begin the family real estate business,” the complaint states.
Jail? Do tell!
Abraham and Minoo Shaoul are accusing their son of treating Magnum, a major Manhattan real estate investment company co-founded by Shaoul and his parents, like his “own personal piggy bank,” using clever legal maneuvers to derive payouts from buildings purchased by the company without their permission.
For his part, Ben told The Real Deal in a statement that he "categorically" denied "all of the allegations contained in the complaint." He said that it was a private matter, and blamed it on "the deterioration of my relationship with my mother."
Meanwhile, in reporting on the matter. Curbed is the clear winner in the Paragraphs of the Year Awards:
Developer/80s breakdance movie villain, Ben "The Sledgehammer" Shaoul is well known for his hated developments in the East Village/LES. But when he isn't tearing down nursing homes and shrieking with maniacal laughter, he's also getting into ugly legal entanglements with his own parents.