CF Finance Acquisition Corp II is a blank check company. The owner filed a lawsuit but cant evict them because of COVID. Was Tiffany involved? Stock quotes provided by InterActive Data. sale Past performance is a poor indicator of future performance. and But all of them have been in recent disputes with their landlords about whether they overstayed their leases. The 39-year-old and her husband, Paul Pion, an executive at Cantor Fitzgerald, are allegedly refusing to leave their Hamptons rental They have spent $10,000 a month for the past two years to. Defendants are conducting themselves in a bad faith, dishonest and manipulative way to exploit the COVID-19 pandemic and the mass confusion and gridlock in the lower courts in an effort to, among other things, block the impending sale of the Premises, the suit says. He began his career at Paul, Weiss, Rifkind, Wharton and Garrison. sale 10 percent owner Cf Group Management Inc Over the past 18 months, We are no longer accepting comments on this article. Pion has served as U.S. chief administrative officer and senior managing director of Cantor Fitzgerald & Co. since August 2011. Now She Hopes to Save Others First Comes the Pandemic Divorce, Then the Tits Out Summer After the BBC Apology, How Should We Think About That Bombshell Princess Diana Interview? A Shipwreck, a Montauk Mystery, and the Class Divide That Still Defines the Hamptons The High Stakes of William and Kates Scotland Visit The Best Swimsuits, Just in Time for Summer From the Archive: Queen Elizabeths Most Loyal Subjects. He joined the firm in 2008 and oversees corporate legal matters for the organization, including in the United States and the rest of the Americas. 'He (the landlord) wanted to do it, an exchange, and I said, being a nice person, 'okay, no problem.' How exactly did the alleged illegal activity go down? Notices for California Consumers Subject to the California Consumer Privacy Act, Check the background of our firm on FINRAs BrokerCheck. Net income-$2,125,825; Notable sources of revenue: Percent of total revenue: Contributions: You might contact Paul Pion via mailing address: Rodin Global Property Trust, Inc., 110 East 59th Street, New York Ny 10022. Pion filed court documents alleging owner Damian Krause and prospective buyer Aaron Appel falsely painted him as a squatter in the press and sent a series of defamatory memes to media outlets and the executive management of Cantor Fitzgerald, questioning my ethics, in a blatant effort to cause reputational harm. In a lawsuit, Pion was accused of exploiting New Yorks eviction moratorium, and being an intolerable nuisance who left the house looking like an episode of Hoarders in an attempt to ward off potential buyers. But the owner says their lease expired on 31 . Paul Pion is the director & Chief Financial Officer of CF Finance Acquisition Corp II. that the house looked likean episode of Hoarders,referring to the TV series that documents people who fill their homes from floor to ceiling with trash and belongings. In summary, during the past 3 months, insiders sold 0 shares of CF Acquisition Corp IV (CFIV) in total and bought 0 shares, with a net from Columbia University Law School. The company's software-definable 4Sight Intelligent Sensing Platform combines solid-state active lidar, an optionally fused low-light HD camera, and integrated deterministic artificial intelligence to capture more intelligent information with less data, enabling faster, more accurate, and more reliable perception of the surroundings. How Screwed Are Donald Trump and His Adult Children, and Other Questions You Might Have About the Staggering Fraud Lawsuit Against Them. of 0 shares. View Inc (VIEW) In his affidavit, Paul Pion said the video was taken when my wife was literally in the middle of packing bags for herself, and our two young children, for a trip to visit me when I was working abroad during the holidays; indeed, our luggage can be seen in the video.. 'Realizing now that they didn't give proper notice, the owner is scrambling to blame someone and the purchaser is using bully tactics to force their hand,' the Pion family associate said. of 0 shares. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Connecticut private island sells for $3.5M. . CF Acquisition Corp IV (CFIVU)'s detailed insider trading history can be found in Insider Trading Tracker table. Prior to Barclays, Mr. Bandelier was Head of TMT Cash Equity Trading, at Morgan Stanley, and Head of Cash Equity Trading & Risk at Nomura, where he grew the business from 67th to 10th in market share in less than one year. The measure now offers such tenants protection from eviction through Aug. 31. As Chief Financial Officer, Steven Bisgay is responsible for financial operations, including accounting, finance, regulatory reporting, treasury and financial planning and analysis, as well as taxation, risk management, and investor relations. Last month, the state legislature extended through Aug. 31 a moratorium on the eviction of tenants who claim a financial or medical hardship caused by the COVID-19 crisis. A Cantor Fitzgerald execs wife tearfully denied allegations that her family was exploiting pandemic-related protections to avoid eviction from a $5 million Hamptons mansion, according to a report Friday. CHIEF ACCOUNTING OFFICER Amy Reeves In summary, during the past 3 months, insiders sold 0 shares of AEye Inc (LIDR) in total and bought 0 shares, with a net The homeowners allege that the Pions are exploiting coronavirus-era eviction protections, which the state extended through August 31. and . A lawsuit filed against Paul and Stephanie Pion claims that the couple are exploiting coronavirus-era tenant protections to remain in their $10,000/month rental. madison prewett net worth. Cantor Fitzgerald Income Trust launched in March 2017 and invests in stabilized commercial real-estate and debt secured by commercial real estate located primarily in the United States. The Pions are not the first renters accused of abusing those protections to squat in luxury East End properties. At CRT Capital, she spearheaded corporate access to equity and fixed income clients, managed all branding and marketing of multi-sector conferences, as well as media and corporate communications, including distressed and special situations. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. director & 10 percent owner & Chief Executive Officer Howard W Lutnick The gurus listed in this website are not affiliated with GuruFocus.com, LLC. New York had passed laws to protect renters from eviction amid the health crisis, perhaps not with the mayor of Southampton, a Manhattan real estate developer, a Hamptons realtor, and an influencer in mind. Lawsuit claims exec and his wife are abusing eviction ban to stay in $10K/month rental, Paul Pion and the $5 million house (Corcoran, Cantor). of 0 shares. Prior to joining Cantor Fitzgerald, Mr. Jones served as a senior executive, general counsel, and board member with many public and private companies in various industries, including hospitality & gaming, healthcare services, telecommunications, technology & manufacturing. qatar to toronto flight status. Hartlepool United have missed out on ex-loan player Harvey Saunders after the 25-year-old completed a move to Tranmere Rovers. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Click on the "Cookie Settings" link for more details and/or adjust cookie settings. A lawsuit accuses Cantor Fitzgerald executive Paul Pion and his wife, Stephanie, of exploiting New Yorks eviction moratorium law amid the pandemic to remain in their tony Hamptons rental. Prior to joining Cantor, Ms. Laureano-Rikardsen held various senior communications and marketing roles at financial services firms, including CRT Capital Group, Credit Suisse and Dresdner Kleinwort Wasserstein. Mr. Kelly graduated from Boston College with a bachelors degree in chemistry, finance, and economics. Senior Managing Director, Head of Fixed Income, Cantor Fitzgerald & Co. Mr. James Buccola is currently the Head of Fixed Income at Cantor Fitzgerald & Co., which he joined in December 2017. Other key executives at CF Finance Acquisition Corp II include Brian Zak/NY Post But an image sent to The Post following its exclusive report on the suit filed. 10 percent owner Glazer Capital, Llc 2023 Cond Nast. The tabloid reported that Paul Pion, the chief administrative officer of the Wall Street firm Cantor Fitzgerald, and his wife Stephanie have declined to leave their $10,000/month Water Mill rental after their lease expired last month and the nearly $5 million homes owner found a buyer. Paul's personal network of family, friends, associates & neighbors include Ira Pion, Randi Eckfeldt, Al Pion, Lillian Pion and Menachem Sella. , Im not a billionaire, or whatever they make me out to be, she said. , A Cantor Fitzgerald executive and his wife are taking advantage of a statewide eviction moratorium by simply refusing to leave their swanky Southampton rental, according to new a lawsuit reported by the New York Post. Paul M. Pion has served as Chief Administrative Officer and Senior Managing Director of Cantor Fitzgerald & Co. (Cantor) since August 2010. ', 'I don't understand, they have money,' the insider told theNew York Post. director & Chief Executive Officer Matthew Fisch ', 'This is not my fight,' he added. 'I don't have a city apartment. The suit alleges that the occupancy of the Tenants has become an intolerable nuisance due to the lifestyle and practices of the occupants, claiming that the couple are damaging the property with the high attendance parties they host there and denying the homes buyer access to the premises. Head of US cash risk Director Lehman Brothers Jun 2001 - Sep 20087 years 4 months Education Northwestern University Bachelor's. They have money, the source said. Appel, a commercial real estate banker, said only, I have no comment. And more! But they never made a move to purchase it and instead became an intolerable nuisance, the documents say. a net In court papers filed Wednesday, Paul Pion alleged that property owner Damian Krause and prospective purchaser Aaron Appel schemed to portray his family as squatters and hoarders in a suit filed last month in Suffolk County Supreme Court that seeks their immediate removal from the four-bedroom house in Water Mill. Paul Pion is the director & Chief Financial Officer of View Inc. . Now the owner fears that the buyer will back out of the deal if the Pions arent booted and fast, the papers say. The boards of each REIT appointed Paul Pion as a director, CFO and treasurer to fill the vacancy created by Bisgay's resignation, effective January 1, 2020. 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Mr. Pion holds Series 7 and 27 licenses and is a Certified Public Accountant in the State of New York. qatar to toronto flight status. In summary, during the past 3 months, insiders sold 0 shares of CF Finance Acquisition Corp (CFFAU) in total and bought 0 shares, with a net sale 'I'm just trying to take care of them. He is also registered with FINRA and holds a Series 27 Financial Operations Principal License. 'The owner filed a lawsuit but can't evict them because of COVID. By Paul Pion, who has been a senior managing director and chief administrative officer at Cantor Fitzgerald for more than a decade, called the allegations completely false, according to the Post. Other responsibilities include business continuity planning, facilities and insurance. But the lawsuit argues that the ban on evictions 'has no bearing here since defendants have suffered no financial hardship from it. But I'm a normal person. ', The insider claimed the owner pocketed the years rent all upfront and therefore 'had all the leverage to tell the family to make the repairs themselves.'. Mr. Kelly also spent three years working in the biotechnology industry for the Genetics Institute, where his work and findings were published in Biotech Monthly. An appraiser who was eventually let into the house also allegedly described the place as a 'mess' and said 'the occupant was crazy.'. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. of 0 shares. The rental home in the Hamptons that Cantor Fitzgerald executive Paul Pion is accused of squatting in. Executive Managing Director, Chief Financial Officer. Executive Managing Director & General Counsel, Financial Services, Americas. Cantor Fitzgerald REITs Name New CFO, Treasurer, and Director, Click here to subscribe to our Daily News Updates, FINRA Bars Broker Accused of Referring Investors to Half-Brothers Ponzi Schemes, Modivs Crowdfunded REIT Reports NAV Per Share Following Reverse Stock Split, Oxford Park Income Fund Launched as a New Closed-End Tender Offer Fund, Croatan Invests in Houston Build-to-Rent Development Project, Red Oak Provides Million Bridge Loan for Washington, D.C. Paul Pion told the Post that the suits claims are completely false., What Is Naomi Osakas Job, Really? Did Paying a Ransom for a Stolen Magritte Painting Inadvertently Fund Terrorism? Y.A. In this position, Mr. Pion oversees a range of functions, most notably client management, cost control, procurement, and vendor management. Pions as an 'intolerable nuisance', hosting large parties, and causing damage to the home through 'unauthorized alterations, misuse and overuse of the household systems and lack of routine maintenance. By clicking on "Accept All Cookies", you agree to the storing of cookies on your device to analyze general website usage, enhance the navigation, and/or assist in website marketing and other efforts. There are 10 professionals named "Paul Pion", who use LinkedIn to exchange information, ideas, and opportunities. I dont have a city apartment. Pion also resigned as CFO and treasurer of each REITs respective advisor. Apartment Property. It's a teardown. , Fundamental company data provided by Morningstar, updated daily. sale Karen Laureano-Rikardsen is the Chief Communications and Marketing Officer for Cantor Fitzgerald, L.P. She oversees the integrated communications and marketing function across the entire organization. Paul M. Pion has served as Chief Administrative Officer and Senior Managing Director of Cantor Fitzgerald & Co. (Cantor) since August 2010. AEye Inc (LIDR)'s detailed insider trading history can be found in Insider Trading Tracker table. The house is a very clean house. Based on ownership reports from SEC filings, as the reporting owner, Paul Pion owns 6 companies in total, including , Category: Richest Celebrities Rock Stars Net Worth: $6 Million Date of Birth: Mar 17, 1941 - Jan 28, 2016 (74 years old) Place of Birth: San Francisco Gender: Male in Accounting from the State University of New York at Albany. director & Chief Financial Officer Alice Chan During the past 18 months, 0 shares of CF Finance Acquisition Corp (CFFAU) were sold and 0 shares were bought by its insiders, resulting in a net That makes sense if you don't have money.'. Prior to Jefferies, Mr. Kelly served as a Managing Director at UBS where he worked from 1999-2009, and at Salomon Smith Barney in the Healthcare Investment Banking Group from 1994-1999. . Over the past 18 months, The filing claims the Pions have another home in Manhattan and have been using 'shifty' means to stay at the rental - which has also allegedly been in a state of disarray. Howard W. Lutnick, Chairman & CEO, leads Cantor Fitzgerald's highly experienced and respected management team, which continues to keep Cantor at the forefront of the global financial arena through a focus on unparalleled customer service and innovation. The only media site dedicated exclusively to the coverage of non-traded REITs, business development companies, interval funds, closed-end funds, DSTs and the full range of private placement offerings, The DI Wire has grown to become the most trusted news source for the community of sponsors, broker-dealers and wealth advisors who provide these investment offerings to millions of American retail investors. Is there any chance this could lead to prison time? Im not squatting, Im just trying to keep my kids with a roof over their heads, Stephanie Pion, 39, told the Daily Mail in the driveway of the Water Mill home. Senior Managing Director, Head of Human Resources & Partnership. I couldnt even walk through the garage it was full of st. There is property damage caused due to unauthorized alterations, misuse and overuse of the household systems and lack of routine maintenance, the suit claims. Since then, Cantor has provided over $192 million to help the families of the firms employees who were lost on that day. Previously, Ms. Pennay served as a Vice-President and Assistant General Counsel, where she provided legal advice and representation to Cantor and BGC with respect to employment and partnership matters. One neighbor said he'd never met the Pion family but noted he has heard music blaring from their rental, particularly on weekends when he's seen as many as 10 to 15 cars parked in the driveway. A top Cantor Fitzgerald exec and his wife are refusing to vacate their tony Hamptons rental and they are living like a Hoarders episode while exploiting special COVID-19 rules barring eviction, according to a lawsuit and sources. of 0 shares. Pion says in his countersuit that the house was only a mess because his wife and children were packing to visit him while he was away for work. sale Magna Cum Laude from the University of Pennsylvania and received his law degree from the University of Michigan School of Law. How to Watch the 2023 Met Gala Live Stream, Melania Trump Apparently RSVPd F--k Off to Her Husbands Post-Arraignment Speech. The home has now gone to contract for sale with a buyer (the Buyer) for a sale price of $4,970,000.00 scheduled to close on June 15, 2021 which is now in jeopardy, the suit says. sale Pion also claimed in the affidavit that his family has had its privacy invaded through a harassment campaign allegedly orchestrated by Appel, possibly through a private investigations firm he owns.. I DONT ALWAYS MAKE LANDFALL IN THE HAMPTONS BUT WHEN I DO, I REMAIN FOR YEARS UNTIL SUFFOLK COUNTY SUPERIOR COURT CHASES ME OUT! the punchline adds. in Finance from Lehigh Universitys College of Business & Economics. In an affidavit filed by Pion, the financial services firms chief administrative officer and senior managing director also accused Krause and Appel of being behind a series of defamatory memes that were sent to media outlets and the executive management of Cantor Fitzgerald, questioning my ethics, in a blatant effort to cause reputational harm.. 0; sale , He wanted to do it, an exchange, and I said, being a nice person, OK, no problem. And then he didnt put a penny into it, she claimed. Prior to joining Cantor, Mr. Pion served for approximately 14 years with the accounting firm Deloitte & Touche, most recently as an Audit and Assurance partner focusing on financial services clients. But the couples lease expired May 31, and the Long Island homes owner found a new buyer set to close on the deal Tuesday yet the Pions refuse to vacate the premises, the document says. 'The house was built in the 90s and it hasn't been touched,' she continued. 1 . The Pions once expressed an interest in buying the property, the source said.
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