Former Raleigh Hotel owner describes fraud allegations as “character assassination”

abmiami | January 12, 2018 | Miami Real Estate

(Credit: Raleigh Hotel)

Real estate investor David Brillembourg categorically denied explosive allegations that former Raleigh Hotel investor Luis A. Benshimol leveled against him in both state and federal court.

A representative for Brillembourg, who runs Bri Capital, called the suits an effort “at character assassination” by a “disgruntled investor” using “demonstrably false allegations.”

Benshimol has sued Brillembourg twice – first in federal court in June 2017 (followed by an amended complaint), and then in Florida state court in early January. In the state suit, which The Real Deal reported on Tuesday, Benshimol was listed as a plaintiff in a complaint brought by a Panamanian entity called Crandal Properties. In that suit, Crandal claims an 88 percent stake in Brilla AJ RMC, the company that Brillembourg formed when he bought the Raleigh Hotel in Miami Beach in 2009 in partnership with AJ Capital Partners.

In the state suit, Crandal accuses Brillembourg of orchestrating an “elaborate shell game,” alleging that Brilliembourg took a loan backed by the Raleigh, invested it in an Anguillan property venture and then cut his partners out of the spoils.

In the amended complaint in federal suit, court, the allegations differ. Benshimol states that Brillembourg persuaded him to leave $8 …read more

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