Cantor Fitzgerald exec accused of squatting in Southampton home

Lawsuit claims exec and his wife are abusing eviction ban to stay in $10K/month rental

Tri-State /
Jun.June 16, 2021 02:46 PM
Paul Pion and the $5 million house  (Corcoran, Cantor)

Paul Pion and the $5 million house (Corcoran, Cantor)

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.

The suit claims that Paul and Stephanie Pion’s $10,000-per-month lease for 220 Flying Point Road ended May 31, and alleges that they have failed to vacate the $5 million home and even removed an “in contract” sign from the lawn, jeopardizing a pending sale.

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.

The homeowners allege that the Pions are “exploiting” coronavirus-era eviction protections, which the state extended through August 31. The Pions are not the first renters accused of abusing those protections to squat in luxury East End properties.

The owner has lined up a buyer for the property and is concerned the deal will fall through because the Pions won’t leave. The suit also claims that a broker recently found that “the house was a mess, and the occupant was crazy.”

There is property damage caused “due to unauthorized alterations, misuse and overuse of the household systems and lack of routine maintenance,” the suit claims.

[NYP] —Dennis Lynch


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