Widow accuses insurance broker Monsey of using religious organizations to hide assets


Creditor claims bankrupt Monsey insurance broker is hiding millions of dollars in assets in church organizations and businesses to avoid paying debts.

Judith Gluck, also from Monsey, sued Samuel Ehrenthal in federal bankruptcy court on March 27.

Ehrenthal “did not accurately disclose, and therefore conceal, his property,” the complaint says, “with the intention of hindering, delaying or defrauding a creditor … and the court.”

Ehrenthal and his bankrupt lawyer, Kevin J. Nash, did not immediately respond to phone and email messages asking for his side of the story.

Ehrenthal filed for Chapter 7 liquidation in December, declaring $ 1.8 million in assets and nearly $ 14.6 million in liabilities.

His assets mainly consist of his home on Highview Road in Monsey which is valued at $ 1.2 million. He registered $ 543,631 in retirement funds, four plots of land in New York and Pennsylvania valued at $ 37,200, $ 200 in a checking account and $ 200 in a brokerage account.

The liability includes $ 3 million to the IRS, $ 2.4 million to a Brooklyn woman, $ 2.3 million to Gluck, who is described as disputed, and $ 2 million to a resident of Canada.

He declared $ 240,000 in corporate interest and dividends in 2019, but no salary.

Besides the insurance agency, Insured on Time Services Inc. in Spring Valley, it lists the property of 217 40e Street LC, a financial advisory firm, 22 South Madison LLC, a real estate holding company that filed for Chapter 11 reorganization in 2018, and two non-operating companies.

Gluck claims Ehrenthal omitted several businesses and bank accounts.

She represents the estate of her late husband, Yitzchok Gluck, who paid Ehrenthal $ 600,000 in 2007 to build two apartments in three years, according to a rabbinical court file. The apartments were not completed on time, and in 2016 the rabbinical court awarded the Gluck estate $ 1.6 million, including $ 1 million for the value of the apartments.

Ehrenthal did not pay for the judgment, Rockland Supreme Court Judge David S. Zuckerman found in 2017, upholding the rabbinical court’s $ 1.6 million obligation.

Gluck claims Ehrenthal owns two condominiums on Fifth Avenue in Manhattan through EEA Sterling Fund Ltd.

He bought the condos for $ 1.7 million in 2007. Then, in December 2017, four days after Zuckerman upheld the rabbinical court sentence, he transferred title to the condos, valued at over $ 2 million. , to the EEA for $ 35,000.

The ownership documents were signed for the EEA by a man Gluck claims to be a “straw man” for the conduct of Ehrenthal’s business. “

“There is no way that Ehrenthal’s transfer to the EEA of title to the two condominiums for $ 20,000 and $ 15,000 would come close to fair value,” said Gluck’s attorney, Joseph A. Churgin, of Nanuet, in a March 6 bankruptcy case.

The EEA and condominiums are not listed as assets on Ehrenthal’s bankruptcy lists.

Gluck also claims that Sixteen Park Realty LLC purchased a property in Pomona for $ 925,000 in 2016. The company is registered at Ehrenthal’s home address, but neither the Pomona property nor the company is listed in the bankruptcy case.

Gluck accuses Ehrenthal of controlling the bank accounts of several religious organizations – in at least one case, unbeknownst to the rabbi – to hide income, pay personal expenses and transfer funds between entities. They include the congregations of Monsey Khal Beis Usher, Ahavas Chaverim and Nachlas Moshe.

None of the assets in the bank account are listed in the bankruptcy records.

Gluck argues that Ehrenthal should not be allowed to pay off his debts in bankruptcy because he committed fraud by concealing assets.

Besides Churgin, she is represented by Joseph J. Haspel of Goshen.


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