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$12M Fraud: Bridgehampton Man Cons Developers To Buy Luxury Cars, Yachts, Feds Say
A New York man is among two people facing federal charges for allegedly conning commercial developers out of millions of dollars to fund a lavish lifestyle.
Long Island resident Joseph Malvasio, age 65, of Bridgehampton and Fort Lauderdale, Florida, is named in an indictment unsealed by the US Attorney’s Office in the Southern District on Thursday, Aug. 10.
According to prosecutors, Malvasio conspired with 57-year-old Gregg Marcus, of Bay Harbor Islands, Florida, to run an advance-fee scheme through their business, Global Capital Partners Fund LLC.
The duo falsely claimed that the company …
How Much Snow Did You Get? A Look At Totals From Throughout Region
The most potent winter storm of the season has resulted in scores of school closures and slippery travel conditions.
Here's a look at some snowfall totals reported to the National Weather Service and other sources on Tuesday morning, Feb. 28.
If you don't see your town listed, post the total in a comment.
New York
Manhattan
Central Park, 1.8 inches
Nassau County
Manhasset Hills, 3.5 inches
Herricks, 3.5 inches
Suffolk County
Commack, 5 inches
Centereach, 4.5 inches
Mattituck, 4.5 inches
Mount Sina, 4.5 inches
Bridgehampton, 4.4 inches
Rockland County
Stony Point, 6.1 inc…
These Suffolk County Zip Codes Among Top 10 Most Expensive In US, New Report Says
Four zip codes in the Northeast rank in the Top 10 for most expensive in the United States, according to a brand-new report.
The rankings, published by CNBC, were determined by median home sale prices.
Three of those four zip codes are on the east end of Long Island, led by No. 2 Sagaponack (11962), which the report says has a median home sale price of $6,972,500, behind only No. 1 Atherton, California (94027), which is $9 million.
The other zip codes in the Hamptons making the Top 10 were Water Mill (11976) and Bridgehampton (11932).
The other Northeast zip code on th…
These Long Island Zip Codes Rank Among State's Most Expensive, New Report Says
A number of Long Island zip codes were ranked among top 50 places with the most expensive homes in New York state, according to a new report.
Stacker.com published the ranking on Tuesday, April 5, using the Zillow Home Values Index for all homes as of February of 2021.
At the top of the list is 11962 in the Suffolk County village of Sagaponack, which has a typical home value of $5,262,148, a value that is 1,390.4 percent above the typical value in New York, according to the report.
Suffolk County zip codes took the top four spots on the list, with 11976 in Water Mill r…
School Budgets Pass In All But Four Long Island Districts
School budgets were largely passed - many by wide margins - on Long Island, though several districts may have to revise their spending plans or be forced to adopt contingency budgets.
In total, voters approved 116 school budgets on Long Island on Tuesday, May 18, leaving just four districts - Bridgehampton, Northport-East Northport Three Village, Wantagh - that did not pass.
Of those four, three - Bridgehampton, Three Village, and Wantagh - sought to override the state tax cap. Two other school districts in Sagaponack and Islip also sought to override the tax levy, which requires a 60 perce…
Head-On Crash Sends Tractor-Trailer Into 13 Parked Vehicles In Suffolk
A multi-vehicle crash caused a tractor-trailer to smash into 13 vehicles in a Long Island parking lot.
The crash took place around 1 p.m., Monday, Nov. 9, on Montauk Highway in Bridgehampton, said Southampton Police Lt. Susan Ralph.
Shahab Fadavi-Akhavan, 27, of Sagaponack, was driving a 2020 Chevrolet Traverse eastbound on Montauk Highway by Corrigan's Automotive when a vehicle not involved in the crash stopped short, causing Fadavi-Akhavan to also stop short, police said.
The vehicle immediately behind Fadavi-Akhavan, a 2020 Toyota Tundra, driven by Edwin Cardona-Solis, 34, of River…
Equinox Fitness Co-Founder Lists Area Estate For $8.8M
The co-founder of luxury fitness company Equinox has listed his Westchester mansion for $8.8 million.
Vito Errico, a former Bridgehampton resident, designed the custom-built Armonk estate in collaboration with in-house Equinox designers, Realtor.com reports.
Built in 2006, it features a combination of glass, stone and wood.
The six-bedroom, six-and-a-half bathroom, 11,423-square-foot mansion is on 2.65 acres of property, according to its Houlihan Lawrence listing.
The master suite features two fireplaces, a spa-bathroom and walk-in closets.
For more and a gallery of p…
Billionaire Business Owner Faces Backlash Over High-Priced Trump Fundraiser In Hamptons
Billionaire Stephen Ross, the chairman of the company that owns Equinox and SoulCycle is facing a massive backlash after news that he is hosting a mega fundraiser for President Trump at his Hamptons digs.
Apparently, hundreds of members of the health clubs for New York's elite have inundated the company with canceled memberships, and calls for boycotts and protests, multiple sources said.
Ross, the chairman of Related Companies, which is the parent company of both Equinox and Soul Cycle, will host the pricey fundraiser on Friday, Aug. 9, at his Southhampton home with his wife, Kara Ross, a…
Ex-Real Estate Mogul ID'd As Hamptons Driver High On Drugs In Crash Injuring Mom, Child
The man allegedly high on drugs who crashed into a vehicle, injuring a 31-year-old woman and her 3-year-old son, has been identified as a former power real estate broker.
Police responded to the crash around 11:23 a.m., Tuesday, July 23, at the intersection of Newlight Lane on Montauk Highway in Bridgehampton, said Southampton Town Police Sgt. M.P. Joyce.
According to police, Erica Beremeo Palacios, 31, was driving a 2008 Nissan Altima north on Newlight Lane she entered the intersection and collided with an eastbound 2019 Ford F150. The F150 was being driven by the former broker,…
Driver High On Drugs Injures Mom, 3-Year-Old In Crash, Southampton Police Say
Click here for an updated story: Ex-Real Estate Mogul ID'd As Hamptons Driver High On Drugs In Crash Injuring Mom, Child
A 31-year-old woman and her 3-year-old son were airlifted to an area hospital after being hit by a driver allegedly high on drugs on Montauk Highway in Bridgehampton, said Southampton Town Police.
Police responded to the crash around 11:23 a.m., Tuesday, July 23, at the intersection of Newlight Lane in Bridgehampton, said Sgt. M.P. Joyce.
According to police, Erica Beremeo Palacios, 31, was driving a 2008 Nissan Altima north on Newlight Lane she entered the int…
'Smaller' Hamptons Estate Sold By Billionaire For $42.5M
Michael S. Smith, a billionaire, and Iris, his wife, sold their smaller Hamptons mansion on Surfside Drive for a reported $42.5 million, according to the New York Post.
The sellers reportedly paid $110 million for an East Hampton property in 2016, the newspaper said.
The recently sold house is located at 263 Surfside Drive in Bridgehampton, according to the article.
It has seven bedrooms, 14 baths and is 7,400 square feet, and the price was $27,500,000 when it last sold in January 2015, according to Zillow.
The buyer is a not known, said the Post.
Here's where you'll find the …
