Tuesday, June 24, 2008

Exclusive! The "new" Israel Baseball League's new backer brings his own scandals to the game

Move over, Boston bagel baron, here comes the Boston business bigshot brother. Our Man Elli in Israel reports that the new bright and shiny Israel Baseball League, crouched behind its player-turned president Dan Rootenberg, is being bankrolled to a large extent by controversial businessman David Solomont, best known in Boston for a 2004 lawsuit in which he was accused of siphoning more than a million dollars in funds from a software firm while he served as its CEO.

In an uncanny similarity to a federal lawsuit filed against IBL founder Larry Baras, the start-up scandal lawsuit stated: “Solomont has become overextended, and is robbing Peter to pay Paul..." (See our teaser story.)

Our Man Elli reports that his sources have mentioned the 56-year-old Solomont as the "money "behind the league. And that Solomont has been contacting some IBL creditors, telling them they won’t be seeing any money for a month. “This could be another syndication deal, with Solomont fronting a little money to make some payoffs needed to get off the ground or licensed by the IAB,” says a source .“And he could be raising the bulk of the money from other investors.”

Solomont himself has been hinting at his involvement online for weeks, on his “Twitter" page:

working on the "best" deal ever, other than my family:) 02:10 PM May 20, 2008 from web

Humming, "take me out to the ballgame" 10:16 AM May 25, 2008 from web

Humming "Take me out to the ball game", and soon you will know why:) 06:27 PM May 30, 2008 from web

Planning to be in the big apple tomorrow, Thursday, still humming "take me out to the ballgame" Can't wait to share:) 12:47 PM June 04, 2008 from web

working on a baseball deal, if you hadn't already figured this out from my humming:) 03:32 PM June 11, 2008 from web

Holy Land Hardball, http://holylandhardball.com, engaging documentary telling amazing story about IBL, http://israelbaseballleague... 0:36 PM June 19, 2008 from txt

Solomont’s brothers have also made the news. Younger brother Jay Solomont was reportedly in jail in Israel for misappropriation of funds. Other brother Alan Solomont is a wealthy businessman and major Democratic fundraiser-- in fact, he's the former finance chairman of the Democratic National Committee, which is yet another link between the IBL and the next President of The United States.


Anonymous said...

Too bad Solomont is a lying shyster piece of crap with a history of diversion, embezzlement, theft and dishonesty. I wonder how many people will get screwed when he is done with this one. too bad such a horrid name is being associated with something that has merit, although this is Solomont runs his schemes.

Anonymous said...

Too bad David Solomont filed for bankruptcy for apparently not making any payments on his mortgages for over 12 months. I wonder how he is going to handle the league's money...

Anonymous said...

where does it say that he filed for bankruptcy?
Isn't that public record?
Show me!

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