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About: Reichmann family     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Organisation, within Data Space : dbpedia.org associated with source document(s)

Type: Thingschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398Organizationorganisation New Facet based on Instances of this Class

The Reichmann/Reichman family is a Jewish-Canadian family best known for their property empire built through the Olympia and York company which relied on a carefully constructed image and secrecy to obtain billions in loans on property already leveraged to untenable debt loads, loans made by banks on assumptions which ultimately turned out to be wholly unjustified when the Reichmans family company was ultimately shown the be a house of cards and forced into bankruptcy owing more than twice what their family was supposedly worth.