💛 THIS IS YOUR CHURCH. THIS IS YOUR COMMUNITY. THIS IS YOUR FIGHT.

For decades, the 3,000 members of Abundant Life Family Worship Church — working families, seniors on fixed incomes, immigrants who built this city with their hands — gave what they had every Sunday. Their tithes, their sacrifices, and their generational faith built and paid for 259 George Street in New Brunswick. That property — their property — is now worth over $100 MILLION.

And it is being taken from them.

Not by condemnation. Not by a vote. Not by any process the congregation was ever told about. Through a web of secret contracts — signed in January 2023, never competitively bid, never presented to the congregation — 100% of that asset is being handed to two private individuals: a 34-YEAR-OLD MIAMI-BASED SO-CALLED DEVELOPER WITH A CIVIL ARREST WARRANT, A HISTORY OF EVICTIONS, NO VERIFIED DEVELOPMENT OR CONSTRUCTION EXPERIENCE, AND NO FINANCING — AND THE PASTOR'S SON, who contributed zero dollars and received $7 million.

This is not development. This is a looting, and conversion of a non-for-profit asset. And it is happening right now, with your tax dollars and public subsidies being used to make it happen.

🔴 THE SCHEME — HOW A $100 MILLION COMMUNITY ASSET IS BEING TRANSFERRED TO TWO INDIVIDUALS

Abundant Life Family Worship Church, Inc. (ALFWC) owns 259 George Street in New Brunswick — a property large enough for a 45-story, 800-unit mixed-use tower with a confirmed total development cost of over $500 MILLION. This is the largest proposed development in New Brunswick's history.

Through secretly negotiated contracts, signed January 2023, NEVER competitively bid and NEVER voted upon by the congregation and community, the church's ENTIRE asset base is being transferred to two private individuals who — in the words of their own signed agreements — will collect TENS OF MILLIONS OF DOLLARS while the congregation receives nothing clear in return.

💰 FOLLOW THE MONEY — EXACT FIGURES FROM SIGNED CONTRACTS

PLAYER 1: SHIMON JACOBOWITZ / IFANY LLC — Gets 65% of a $100M Community Asset

• DEVELOPMENT MANAGEMENT FEE: Plus and in addition to the 65%, he gets 10% of ALL hard and soft construction costs on a over $500M project = $50,000,000. The industry standard for a qualified developer is 3%. The difference: $24.5 million more than any legitimate developer would charge — extracted from a community church's asset.
• NON-REFUNDABLE EVEN IF THE PROJECT FAILS: The contract states: "Manager shall not be required to refund or repay the amounts… in the event that the Fee is insufficient." He gets paid even if nothing is built.
• PAID FIRST — NO MATTER WHAT: If the property is sold before completion, ALL unpaid fees are immediately accelerated and due at closing. Jacobowitz collects before the church sees a single dollar.
• 65% EQUITY STAKE: In NB Plaza Venture LLC, which controls the entire project. As sole Manager, Jacobowitz holds "full, exclusive and complete discretion and authority… to make all decisions affecting the Company's business and affairs." The church has NO seat at the table.
• BOTH SIDES OF EVERY TRANSACTION: Jacobowitz simultaneously controls the Owner entity (NB Plaza Owner LLC), the Developer/Manager entity (Ifany LLC), AND holds 65% equity — meaning he negotiates fees to pay to himself, with zero independent oversight.

PLAYER 2: GEORGE SEARIGHT JR. / SDG NB PLAZA LLC — Gets 35% + $7 Million Cash

• PAYMENT 1: $250,000 cash — paid on the Effective Date (January 2023). Immediately.
• PAYMENT 2: $1,500,000 — payable within 10 days of site plan approval.
• PAYMENT 3: $5,250,000 — paid in 18 monthly installments of $291,666.67, beginning after the first construction loan advance.
• 35% EQUITY STAKE: In NB Plaza Venture LLC. Capital contribution from George Jr.: ZERO DOLLARS. The LLC Agreement states his contribution is "in the form of services" — meaning the pastor's son put in no money and receives 35% of a $100M+ community asset.
• "MONEY RECEIVED! ": WhatsApp exchange (January 19, 2023, produced in court discovery): Jacobowitz texts George Jr. "U got the money?" George Jr. responds with an audio message. Jacobowitz replies "Amazing." George Jr. confirms: "Money received! " — referring to the $250,000 first payment from the church's own asset proceeds.

WHAT THE CHURCH AND CONGREGATION RECEIVE:

• No guaranteed cash payment to the church is confirmed in the signed contracts.
• The church's payments, where and if they exist at all, flow from George Jr.'s share — deducted from what the pastor's son receives — while Jacobowitz's 65% is entirely untouched.
• Only 160 of 800 units (20%) will be affordable housing — in a city facing a severe housing crisis. A community-built, nonprofit-owned asset producing 80% luxury apartments for out-of-towners, for outside profit.
• The church must CONVEY (legally transfer) the property to surrender their generational asset to the two individuals by the contract they made.

🚨 WHO IS SHIMON JACOBOWITZ REALLY? — A DOCUMENTED RECORD OF DECEPTION, DEBT, AND FAILURE

The Housing Authority was told it was awarding the largest development in New Brunswick's history to an "experienced, financially capable developer." The documented court record tells a completely different story — one of fabricated credentials, civil arrest warrants, repeated evictions, zero financing, and a pattern of approaching churches, extracting value, and leaving them exposed.

🔴 CIVIL ARREST WARRANT IN NEW JERSEY

Jacobowitz had an active civil arrest warrant issued against him in New Jersey — issued September 11, 2020 by the Hudson County Law Division — related to misconduct in a New Jersey development project. This warrant was NEVER disclosed to the City of New Brunswick or the Housing Authority when Jacobowitz applied for redeveloper designation. Under the Redevelopment Agreement, he was required to certify no such actions existed. He did not.

A man with an active arrest warrant in New Jersey applied to become the designated redeveloper of New Brunswick's largest-ever project — and didn't tell anyone.

🔴 EVICTED — REPEATEDLY — WHILE SEEKING over $500M PROJECT CONTROL

Court records reveal a consistent pattern of financial irresponsibility:

• July 5, 2018: Jacobowitz was served an Eviction Warrant in New York for nonpayment of rent.
• January 25, 2025: Jacobowitz was again subject to eviction proceedings — from his family residence rental in Miami — even as he was actively pursuing control of a over $500 million project in New Brunswick.

Additionally, public records document a trail of unpaid utility bills (Con Edison, National Grid) and a series of collections actions against Jacobowitz. This is the financial "profile" of the man seeking to control a $100 million community church asset.

🔴 NO MONEY — ZERO FINANCING SECURED FOR A over $500 MILLION PROJECT

The Redevelopment Agreement required NB Plaza to demonstrate financial capability. What was submitted was a series of one-page letters expressing vague 'interest' and 'support' — not capital commitments, not term sheets, not equity agreements:

• Seraphim Equities: expressed vague "support" — no financial commitment. ⚠️ Public records reveal Seraphim is itself a borrower, not a lender — with borrowing activity in a remote area 3 hours north of NYC, on small transactions in the range of one million dollars. They have no demonstrated capacity to fund a project of this scale.
• Jade Capital: said it was "interested in becoming a financial partner" for $60M — no binding commitment. ⚠️ Public records show Jade Capital operates as a real estate broker, not a lender — and has been sued in NY Kings County for $320,000 in unpaid broker commissions. They are not a financing source.
• M&CF Investments: said it "made available 30 million dollars" — no term sheet, no equity, no contract. ⚠️ Public records reveal M&CF is itself a borrower, not a lender — having defaulted on a $50,000 loan carrying a 24% interest rate from a high-risk cash advance lender. An entity that cannot service a $50K loan cannot credibly commit $30 million.
• CW Funding: a letter from a company owned by one of Jacobowitz's relatives — no commitment.
• Galaxy Capital: a "high-level evaluation" letter — not a financing commitment.

Combined, these letters accounted for at most $90 million of a $500 million project — and even that figure is illusory. The three named "lenders" are, by their own public records, borrowers and brokers with no demonstrated lending capacity. The total financing credibly represented in the public record: $0.

Jacobowitz offered ZERO explanation for where the remaining 70% — up to $260 million — would come from. He contributed NO personal capital. The Housing Authority's own Commissioner flagged this at the February 28, 2024 public meeting, noting the letters were not commitments. NB Plaza promised a 'full financial plan down the road.'

That was in February 2024. As of December 2025 — 1.5 years into the Redevelopment Agreement — no financing plan has been submitted. The project has not begun. Construction was supposed to start by July 1, 2025.

🔴 FABRICATED CREDENTIALS — PROJECTS BUILT BEFORE HE WAS BORN

In his application for redeveloper designation, Jacobowitz listed three "comparable projects" to prove his construction experience:

• "Bridgeport Manor" — Memphis, Tennessee: A 636-unit project. Tax records confirm it was built in 1967.
• "New Horizons" — Memphis, Tennessee: An 898-unit project. Tax records confirm it was built in 1971.
• "The Pine" — Jersey City, NJ: An 8-story, 56-unit building (which in other litigation it shows Jacobowitz didn't develop nor build that either) — drastically different from a 45-story, 800-unit tower.

Jacobowitz is 34 years old. Ifany LLC was formed in 2021. "Bridgeport Manor" and "New Horizons" were completed APPROXIMATELY 20 YEARS BEFORE JACOBOWITZ WAS BORN AND 50 YEARS BEFORE HE FORMED HIS COMPANY. He could not have built them. Public records confirm he did not build them.

In addition, allegations in the Folxco lawsuit state that Jacobowitz represented Plaintiff's own projects as his own to the Church and the City, claiming Folxco's development resume as his personal track record in order to win the designation.

The Housing Authority relied on these representations. The City relied on them. The congregation was never told. The Redevelopment Agreement was awarded on the basis of lies.

🔴 PRIOR ENTITY ABANDONED DUE TO "LEGAL PROBLEMS" — NOW OPERATING AS IFANY

Before Ifany LLC, Jacobowitz operated through "Snap Developers, NJ LLC." Per the Folxco complaint (filed as part of the public court record), Jacobowitz abandoned Snap "due to a number of legal problems" and began operating through Ifany. Ifany was formed in January 2021. The same patterns — seeking properties, claiming political connections, asking partners for loans and advances against distributions, then cutting them out — are documented from projects predating New Brunswick.

🔴 NB PLAZA'S OWN ATTORNEY — CONVICTED OF TAX FRAUD, SEXUAL ASSAULT PROBATION

The Redevelopment Agreement names Isaac M. Neuberger of the Neuberger, Quinn, Gielen, Rubin & Gibber firm (Baltimore, MD) as NB Plaza's legal representative. Court records reveal:

• In 2015, Mr. Neuberger was placed on probation following sexual assault charges.
• In November 2025, Mr. Neuberger was held personally liable under federal law (31 U.S.C. § 3713) for approximately $2 million in outstanding tax liabilities of an entity he helped render insolvent through a tax chicanery scheme.

These are the advisors shaping the contract that controls a $100 million community church asset.

⚠️ IT HAS HAPPENED BEFORE — 129 LINDEN AVENUE CHURCH, JERSEY CITY: THE SAME PLAYBOOK, A DIFFERENT CHURCH

What happened in Jersey City is a preview of what will happen at 259 George Street if this deal is not stopped.

Court filings in the Folxco lawsuit (filed as part of the public record, MID-L-001179-25) reveal that 259 George Street is not the first church Jacobowitz has targeted. According to the complaint, Jacobowitz, Ifany, and their associates previously entered into a similar development agreement with a church located at 129 Linden Avenue in Jersey City, New Jersey. It was the pastor of that Linden Avenue church who introduced Jacobowitz to George Searight II — leading directly to the scheme now unfolding at Abundant Life Family Worship Church.

The pattern is consistent: Jacobowitz identifies a church with a valuable property. He presents himself as an experienced developer with political connections and financial backing. He enters into agreements. He extracts value. And when things go wrong, the church is left exposed — while Jacobowitz moves on to the next target.

At 129 Linden Avenue, the pattern ended in default. The church there is now in loan default on the development — a cautionary tale the congregation of Abundant Life must hear:

If a first-time developer with no money, no real experience, a civil arrest warrant, and two evictions in six years cannot secure financing for a project he's already been awarded — what do you think will happen to a over $500 million project at 259 George Street?

129 Linden Avenue: LOAN DEFAULT.
259 George Street: NEXT IN LINE — unless this community acts now.

The Folxco lawsuit further documents that across multiple projects, Jacobowitz consistently:

• Could rarely provide his agreed share of funds, instead constantly asking partners for loans and advances.
• Failed to develop any of the political connections he promised.
• Mismanaged projects even when management duties were limited to his control.
• Cut partners out during exclusivity periods, exploiting moments of personal tragedy to move fast.
• Presented other developers' resumes and projects as his own to city authorities and churches.

⚖️ WHY THIS DEAL IS STRUCTURALLY ILLEGITIMATE

• NO COMPETITIVE BIDDING: There is no evidence that the church board or the Housing Authority ever solicited competing proposals. Industry standard and fiduciary duty require competitive bidding for a transaction of this magnitude. NB Plaza was the only entity seriously considered.
• NO CONGREGATION VOTE: There is no record that the full 3,000-member congregation of ALFWC ever voted to approve transferring the church's primary asset — worth over $100 million — to two private individuals with no verified experience, for a luxury apartment project that the community receives almost nothing from.
• SELF-DEALING: Jacobowitz controls both the Owner entity and the Developer/Manager entity — he negotiates fees he pays to himself from the same asset, with no independent oversight. This is textbook self-dealing.
• MATERIAL MISREPRESENTATIONS TO THE CITY: Projects claimed as experience were built before Jacobowitz was born. Financing letters were not commitments. An arrest warrant was not disclosed. A lis pendens was not disclosed. Every representation material to the designation was false or incomplete.
• CHARITY LAW VIOLATIONS: As a New Jersey nonprofit corporation, ALFWC is subject to NJ Attorney General oversight. Transferring a nonprofit's primary asset to private individuals without proper authorization implicates NJ charitable trust law and the congregation's rights as beneficiaries.
• PUBLIC SUBSIDY MISUSE: NB Plaza Owner Urban Renewal LLC was registered as an Urban Renewal Entity to access up to $96 million in NJ Aspire Program subsidies and Long Term Tax Exemptions. These are public funds. Using public tax exemptions to primarily enrich two private individuals at the expense of a nonprofit congregation is an abuse of public policy.
• ALREADY IN DEFAULT ON THE REDEVELOPMENT AGREEMENT: NB Plaza was required to have a full financing plan. Construction was supposed to begin by July 1, 2025. Neither has happened. Under Section 6.10(e), failure to cure a financing plan violation within 10 days is a default. NB Plaza is in breach.

📂 HOW THESE DOCUMENTS WERE OBTAINED — VERIFIED COURT RECORD

Every fact and dollar figure in this petition comes from contracts, court filings, and corporate records produced under COURT-ORDERED CIVIL DISCOVERY or filed in public court proceedings. These are not allegations — they are the actual signed agreements and sworn filings, bearing the signatures of all parties, obtainable by anyone from the Middlesex County Superior Court Clerk.

Primary case: MID-L-002242-24 (Middlesex County Superior Court, filed April 12, 2024)
Related case: MID-L-001179-25 (Folxco LLC v. Jacobowitz, Ifany, George Searight et al.)

Key documents in the record include: (1) Development Management Agreement (Jan. 2023); (2) LLC Agreement of NB Plaza Venture LLC; (3) Redevelopment Agreement (2024); (4) December 11, 2025 letter from Folxco's counsel to the NBHA with 30+ exhibits; (5) WhatsApp exchanges between the parties; (6) civil arrest warrant (Ex. S); (7) eviction warrants 2018 and 2025 (Exs. N, R); (8) collections records (Exs. O–Q); (9) Bridgeport Manor and New Horizons tax records proving Jacobowitz did not build them (Exs. V, W); (10) Ifany formation records showing company founded in 2021 (Ex. X); (11) February 26, 2025 Lis Pendens against 259 George Street (Ex. AC).

🏘️ WHAT THIS COMMUNITY DESERVES INSTEAD

This petition is not anti-development. New Brunswick needs housing — desperately. The George Street corridor deserves investment. But it must be done right — with transparency, with community ownership of the outcome, and with a qualified partner who can actually build it:

• A TRANSPARENT, COMPETITIVE RFP PROCESS: The church board should issue a public Request for Proposals and select a qualified developer through competitive bidding — with full congregation input, an informed vote, and independent legal counsel chosen by the congregation, not the developers.
• FAIR DEVELOPER COMPENSATION: The industry standard for a development management fee is 3% — not 10% of over $500M. The $24.5 million difference between Jacobowitz's fee and the market rate belongs to affordable housing, not to a Miami-based developer with an arrest warrant.
• MAJORITY AFFORDABLE HOUSING: A community nonprofit church's asset in a city facing an affordability crisis should produce the maximum possible affordable units — not 20% (160 of 800). The congregation and longtime New Brunswick residents should be the primary beneficiaries.
• FULL FINANCIAL ACCOUNTABILITY: The church should receive fair market value for its asset — not lose 100% of it to Jacobowitz's 65% equity + $35M fee while the congregation gets nothing guaranteed.
• INDEPENDENT LEGAL AND FINANCIAL OVERSIGHT: The NJ Attorney General's Charities Bureau must review this transaction before any further approvals are granted. A congregation's generational asset cannot be transferred without oversight.
• A QUALIFIED, VETTED DEVELOPER: Not someone whose experience is fabricated, whose credentials are borrowed, who has an arrest warrant in New Jersey, who has been evicted twice in seven years, and who is already in default on another church project at 129 Linden Avenue.

📋 OUR SEVEN DEMANDS — ACT NOW

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