People Staff
June 17, 1999 12:00 AM

John and Caroline Kennedy have accused the brother of Barbra Streisand of cheating them out of half their interest in a 20-year-old real estate trust established by their mother Jacqueline. The allegations against Sheldon J. Streisand, 64, came to light in court papers Streisand filed to block arbitration the Kennedys requested concerning his handling of the trust’s money. The Kennedys’ demand for arbitration, attached as an exhibit to papers Streisand filed Friday in Manhattan’s State Supreme Court, does not disclose the total value of the trust, but it appears to be worth at least $1 million. Streisand, the older brother of Barbra, is a real estate investor who reportedly specializes in tax shelters for the wealthy.

  • In other news of John, New York’s Daily News reports that the hunk is interested in launching his own TV show, given his success at interviewing world leaders such as Fidel Castro and the Dalai Lama for his George magazine. No discussions with any broadcast networks have been held.

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