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

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.

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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