Insider trading informant David Slaine sells Park Ave. co-op

Former Galleon Group partner, ex-wife took in $8.9M

TRD New York /
Jun.June 16, 2016 03:25 PM

Former Galleon Group executive and convicted insider trader David Slaine, who famously led authorities to Raj Rajaratnam, just sold his Upper East Side duplex.

Slaine and his ex-wife Elyse sold their 3,900-square-foot co-op at 925 Park Avenue for $8.9 million, according to city records.

The five-bedroom unit, located on the property’s ninth and 10th floors, features a wood-paneled library, marble floors in the kitchen and bathrooms, a balcony and three fireplaces.

The buyers were Benjamin Edmands, co-founder of Consonance Capital Partners, and his wife Chiara.

Slaine joined Raj Rajaratnam’s Galleon Group, once one of the world’s largest hedge funds, back in 1998. He became an insider trading informant for FBI after getting caught trading on a planted tip. From 2009 to 2011 he was the key witness in Rajaratnam’s federal insider trading trial, which ultimately led to both their convictions, as well as those of several others at the company.

Rajaratnam was sentenced to 11 years in prison, while Slaine was given three years probation.

Back in 2014, protesters swarmed the Slaine’s Park Avenue home after Elyse allegedly fired her nanny of 15 years on a thin pretext and cheated her of wages.

Elyse bought a duplex at 700 Park Avenue for $4.2 million in 2013 with Casablanca Capital chairman Donald Drapkin.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Cristiano Moura (Credit: Christie’s Real Estate and iStock)

Viral Instagram post leads to arrest, assault charge for former Christie’s agent

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street

Feil Organization buys Chelsea office building for $72M

arrow_forward_ios