Source: New York Post —
A struggling real estate scion has been pilfering revenue from his family-owned Manhattan apartment building to pay off debts and maintain his lavish lifestyle, his brother charges in new court papers.
Third-generation real estate mogul Stephen Perlbinder alleges that his sibling, Barton “Mark” Perlbinder “has for years dominated the family companies and used them as a piggy bank,” according to Stephen’s Manhattan Supreme Court lawsuit filed Tuesday.
Stephen accuses Mark, the president of Perlbinder Realty, of using the cash to pay for apartments he shares with his girlfriend, as well as to pay off debt and buy expensive cars, the suit says.
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