NYTimes 1996
Then came David Schick. A lawyer and father of 10 at age 36, his reputation as a doer of good deeds brought people to his home on Avenue I late at night seeking counsel on immigration law or trouble with a child. And Mr. Schick took the family's name far beyond Flatbush.
He was recently the honorary chairman of the annual meeting of the nation's largest Orthodox organization. He helped arrange for President Clinton to meet in March with donors to a large rabbinical college he supports. When Mr. Schick had early success as a real estate investor, word spread so fast through the Orthodox Jewish world that wealthy Jews around the globe were soon entrusting him with millions. To reassure the religious, his deals included a letter from a rabbinical court waiving the prohibition in Jewish law on Jews earning interest from each other.
"They were knocking his door down," said Robert Goldman, a lawyer representing investors in New York, California and Belgium.
Then on April 6, an investor called Mr. Schick to ask about his $1.7 million that was supposed to be parked securely in an escrow account. According to a complaint filed in Federal Court in Manhattan, Mr. Schick responded simply, "I took it." [...]
Then came David Schick. A lawyer and father of 10 at age 36, his reputation as a doer of good deeds brought people to his home on Avenue I late at night seeking counsel on immigration law or trouble with a child. And Mr. Schick took the family's name far beyond Flatbush.
He was recently the honorary chairman of the annual meeting of the nation's largest Orthodox organization. He helped arrange for President Clinton to meet in March with donors to a large rabbinical college he supports. When Mr. Schick had early success as a real estate investor, word spread so fast through the Orthodox Jewish world that wealthy Jews around the globe were soon entrusting him with millions. To reassure the religious, his deals included a letter from a rabbinical court waiving the prohibition in Jewish law on Jews earning interest from each other.
"They were knocking his door down," said Robert Goldman, a lawyer representing investors in New York, California and Belgium.
Then on April 6, an investor called Mr. Schick to ask about his $1.7 million that was supposed to be parked securely in an escrow account. According to a complaint filed in Federal Court in Manhattan, Mr. Schick responded simply, "I took it." [...]