Former NYPD Chief of Department Philip Banks received between $250,000 and $500,000 from a politically connected businessman at the center of a federal probe into a pay-for-favors scandal engulfing the NYPD and City Hall, DNAinfo New York has learned.
Jona Rechnitz — owner of the Manhattan-based real estate firm JSR Capital who also has ties to Mayor Bill de Blasio — made the "investments" payout to Banks in 2014 while Banks was serving as the highest-ranking uniformed officer in charge of the NYPD’s daily operations.
The money was reported by Banks on his “exit” financial disclosure form filed with the city’s Conflict of Interest Board on Nov. 30, 2014, a month after he abruptly quit the NYPD, turning down a promotion to First Deputy Commissioner.
Banks' attorney, Benjamin Brafman, declined comment for this story.
Banks was the first choice of first lady Chirlane McCray to succeed Ray Kelly as Police Commissioner over Bill Bratton, who got the job, sources said.