Cantor Fitzgerald Executive and wife refuse to leave Hampton’s lease


A top Cantor Fitzgerald executive and his wife refuse to evict their Tony Hamptons rent – and they live like a “Hoarders” episode while, according to a lawsuit and sources, they take advantage of specific COVID-19 rules that require an eviction to forbid.

Cantor’s “ultra-wealthy” Chief Administration Officer Paul Pion and his wife Stephanie have spent $ 10,000 a month for the past two years renting the $ 5 million property in the exclusive Water Mill, as the Supreme Court does filed by Suffolk County.

But the couple’s lease expired on May 31, and the Long Island home owner found a new buyer to close the deal on Tuesday – but the Pions are refusing to vacate the premises, the document says.

“They don’t go and it looks like an episode of ‘Hoarders’,” said a source familiar with the situation, referring to the TV series about people collecting mountains of things.

“I don’t understand. You have money,” the source said. “The owner has filed a lawsuit but can’t clear it because of COVID. That makes sense when you don’t have money. But the Hamptons market is hot and there is lots of properties to rent or buy. “

The well-heeled tenants are instead using “devious means” to stay in the apartment that has been hit by their “heavily attended parties,” according to the newspapers.

“The defendants behave in bad faith, dishonest and manipulative in order to take advantage of the COVID-19 pandemic and the mass confusion and the standstill in the lower courts to block the upcoming sale of the premises, among other things,” says the suit.

Cantor Fitzgerald manager Paul Pion and his wife Stephanie are reportedly crouching in a Hamptons mansion at 220 Flying Point Road.
Cantor Fitzgerald manager Paul Pion and his wife Stephanie are reportedly crouching in a Hamptons mansion at 220 Flying Point Road.

State lawmakers last month approved an extension of the New York eviction moratorium for tenants who declare financial or medical “hardship” from the coronavirus to move. The measure now offers such tenants evacuation protection until August 31.

But “the COVID-19 pandemic has no bearing here as the defendants have not suffered any financial hardship,” the lawsuit reads, adding that the couple have a Manhattan pad that they can always use.

Paul Pion told the Post by phone on Tuesday that the lawsuit’s allegations were “totally false”.

The Pions once expressed an interest in buying the property, the source said.

But they never took a step to buy it – and instead became “an unbearable nuisance,” the documents say.

There’s the property damage they caused “due to unauthorized changes, abuse and overuse of household systems and lack of routine maintenance,” including the cesspool, the lawsuit filed on Friday said.

Tenants also refused to allow prospective buyers to tour the home – and even removed the lawn sign announcing it was “IN CONTRACT” immediately after it went live, the documents said.

When a financial lender was finally approved to appraise the house, the appraiser told the agent the house was a mess and the resident was insane, the lawsuit said.

Now the owner fears that the buyer will go out of business if the pions are not ramped up – and quickly, according to the papers.

The home “has now entered into a sales agreement with a buyer (the” Buyer “) for a sale price of $ 4,970,000.00 due to close on June 15, 2021, which is now at risk,” the lawsuit said .


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