Barneys heir served with explosive tax-fraud lawsuit at NYC book event
Share this @internewscast.com

Amidst the backdrop of promoting his tell-all memoir, an heir to the Barneys luxury brand found himself embroiled in a shocking tax-fraud lawsuit, courtesy of his estranged brother, The Post has discovered.

Gene Pressman, aged 74, was at Rizzoli Bookstore in Manhattan last Tuesday to sign his latest release, “They All Came to Barneys: A Personal History of the World’s Greatest Store,” when he encountered a startling turn of events, according to sources familiar with the situation.

Among the queue of fashion enthusiasts waiting for their copies to be autographed, a “process server” — a professional tasked with delivering court documents — had mingled discreetly, reportedly after purchasing the book, sources revealed.

When the process server’s turn arrived, instead of presenting the book for an autograph, he produced a lawsuit and served it to Pressman, sources noted.

This legal action stemmed from his 71-year-old brother, Bob Pressman, who, as The Post exclusively reported last month, has accused Gene, their two sisters, and the late mother, Phyllis, of masterminding a sophisticated tax evasion strategy that allegedly deprived New York state of $20 million.

“Gene lost his composure — he yelled and used profanity against him,” a source with knowledge of the bookstore episode recounted. “He was visibly agitated by the incident.”

Randall Fox, a lawyer representing Bob Pressman, confirmed that Gene Pressman was “not a happy camper” and that he “cursed” when he got the suit, but the attorney declined to elaborate on the incident.

“It makes no difference for the case whether [Gene] Pressman received the service of process with grace or without,” Fox told The Post. “What matters is that he was served with process and now his 20 days time to respond to the case begins.”

Gene and Bob’s sisters – Elizabeth-Pressman Neubardt and Nancy-Pressman Dressler – live in the New York metro area and were already served, according to Fox.  

Gene — who lives in West Palm Beach, Fla. and was visiting New York for his book tour — did not respond to an email and phone message seeking comment. Bob Pressman declined to comment.

The bombshell civil suit – which only came to light after a judge unsealed it in June – claims that the allegedly tax-cheating members of the Pressman family could be liable for upwards of $50 million in back taxes and penalties.

The amended complaint, filed in New York State Supreme Court, lists Bob Pressman as a whistleblower under the New York False Claims Act, which could entitle him to up to 30% of any recovery. He filed his original complaint in July 2024. 

The suit alleges that his family falsely claimed that their mother, Phyllis Pressman, resided in West Palm Beach, Fla., to avoid paying the Empire State’s onerous estate tax.

In fact, the widow of retail legend Fred Pressman – who famously transformed his father Barney’s men’s suit business into a luxury empire in the 1960s – had been living year-round in her oceanfront mansion in Southampton, NY, for the last six years of her life, the suit claims.

Phyllis Pressman passed away last year at age 95 – and left her youngest son, Bob, nothing from her estimated $100 million estate, according to the complaint.

Her assets included the 2.3-acre, oceanfront spread at 346 Meadow Ln. in Southampton that’s currently on the block for $38.5 million. Her swanky Upper East Side apartment, listed for $3.95 million, is in contract.

Bob Pressman and his siblings had worked together at Barneys, presiding over an aggressive expansion and bankruptcy filing in 1996. Their relationship deteriorated after the family sold their stake in Barneys more than 25 years ago.

As exclusively reported by The Post, Bob Pressman had previously worked on an as-yet-unpublished manuscript for an incendiary tell-all book that blamed his family for Barney’s demise. 

The manuscript was never finished, sources told The Post.

In it, however, Bob accused his brother Gene of running Barneys into the ground with lavish spending projects, even as he allegedly spent his time partying through the 1980s at Studio 54.

At the time, Gene fired back, accusing his brother of having “a casual relationship with the truth” and claiming, “Bob conveniently forgets he was in fact the co-CEO responsible for the financial stability of firm, a role in which by all measures he massively failed.”

Bob was cut out of his mother’s will after years of family squabbling, capped by his refusal to participate in the alleged tax fraud, according to a source close to the case. A trust agreement drawn up by Phyllis’s attorneys declared, “Bob doesn’t get anything for reasons he well knows,” a source close to the case told The Post. 

Bob’s sisters, Elizabeth and Nancy, who were buyers for Barneys, sued him several years after the retailer’s 1996 bankruptcy, accusing him of cheating them out of $30 million from the business. Bob, who was in charge of the company’s finances at the time, denied the allegations.

A New York judge awarded the sisters $11.3 million in 2002. Their brother appealed the award. 

Share this @internewscast.com
You May Also Like
Beverly Hills "squatter" Rita Ortiz evicted after $570M lien scheme

Beverly Hills Scandal: Rita Ortiz’s $570M Lien Scheme Ends in Eviction

A businesswoman from Beverly Hills, accused of attempting to defraud Los Angeles…
White teens cleared of hate crime allegations levied by Black Virginia Tech professor

Virginia Tech Hate Crime Allegations: White Teens Exonerated in High-Profile Case Involving Black Professor

In Virginia, a police department has concluded its investigation into allegations of…
UK blocks Trump from using RAF bases for strikes on Iran — and he is already retaliating

UK Defies Trump: Denies RAF Base Access for Iran Strikes, Sparks Presidential Retaliation

The United Kingdom has reportedly refused to allow President Trump access to…
Rev. Jesse Jackson: Services to honor civil rights icon expanded to include Chicago, South Carolina, Washington DC

Rev. Jesse Jackson’s Legacy Celebrated: Expanded Memorial Services in Chicago, South Carolina, and Washington DC

Renowned civil rights activist Rev. Jesse Jackson has passed away at the…
Family of Utah 'dance mom' who killed daughter, herself in Vegas repeatedly called 911

Tragic Utah Dance Mom Incident: Family’s Repeated 911 Calls Prior to Vegas Tragedy

The harrowing efforts of family members to locate a Utah mother and…
Actor Eric Dane's unwavering advocacy for ALS was the most powerful role of his career, tributes pour in

Tributes Pour in for Actor Eric Dane as His Strong Advocacy for ALS Is Heralded as His Most Impactful Role

LOS ANGELES (KABC) — Eric Dane, renowned for his performances in “Grey’s…
This Time It's the Trump-Kennedy Center That Vandals Target, Causing Performance Cancellation

Vandals Strike Trump-Kennedy Center: Performance Canceled Amid Security Concerns

The trend of political violence, which has been a point of concern…
Former Connecticut police chief arrested for allegedly stealing $85K in public funds

Ex-Connecticut Police Chief Faces Charges for Alleged $85K Public Fund Theft

In a surprising development, Karl Jacobson, the former Chief of Police in…
11-year-old accused in adoptive dad’s birthday night killing over video game now faces adult trial: docs

11-Year-Old Faces Adult Court for Alleged Birthday Night Tragedy Tied to Video Game Dispute

In Pennsylvania, an 11-year-old boy made his initial court appearance on Thursday,…
Navy reservist on active duty accused of murdering wife believed to have fled to Hong Kong

Active Duty Navy Reservist Allegedly Murders Wife, Suspected to Have Escaped to Hong Kong

A Navy reservist currently on active duty is under suspicion for the…
Fentanyl exposure scare forces courtroom evacuation during active trial

Fentanyl Exposure Shocks Courtroom: Trial Halted Amid Emergency Evacuation

In Washington state, a courtroom evacuation took place on Thursday involving nearly…
Iran covertly repositions strike drones amid Russia drills in Strait of Hormuz, expert says

Iran Secretly Moves Combat Drones as Russia Conducts Drills in Strait of Hormuz, Expert Reveals

In a strategic maneuver cloaked within joint military exercises, Iran has repositioned…