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Cantor Fitzgerald exec and wife face lawsuit after refusing to leave Hamptons rental: report
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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.
Cantor’s "ultra-wealthy" chief administration officer Paul Pion and his wife Stephanie shelled out $10,000 a month for the past two years to rent the $5 million property in exclusive Water Mill, according to papers filed in Suffolk County Supreme Court.
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But the couple’s lease expired May 31, and the Long Island home’s owner found a new buyer set to close on the deal Tuesday – yet the Pions refuse to vacate the premises, the document says.
"They aren’t leaving, and it looks like an episode of ‘Hoarders,’" said a source familiar with the situation, referring to the TV series about people who collect mounds of things.
"I don’t understand. They have money," the source said. "The owner filed a lawsuit but can’t evict them because of COVID. That makes sense if you don’t have money. But the Hamptons market is hot, and there are plenty of properties to rent or buy."
The well-heeled tenants are instead using "shifty means’’ to remain in the home, which has taken a beating from their "high attendance parties,’’ the papers say.
"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.
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