The Deal
Monday, November 23, 
1:09 pm

Duo attempts to extort $11M from Blackstone executive

  Share     E-Mail    Discussion    Print Story
The father-in-law of Blackstone Group senior managing director David Blitzer has been charged with attempting to extort $11 million from him.

Continue reading below

Also on Dealscape

The Manhattan District Attorney charged Stuart Ross and his lawyer, Stuart Jackson, with one count of attempted grand larceny in the second degree and one count of grand larceny in the third degree, according to Reuters.

The DA said that Ross demanded $50,000 from Blitzer, who works at the Blackstone's London office, starting in June, but by this month had raised his demands to $11 million. Jackson and Ross had threatened to ruin Blitzer's life, personally and professionally, unless they were paid off. The Reuters story did not say if the two had any evidence of impropriety on Blitzer's part. However, Blitzer did file an $11 million civil lawsuit against his accused blackmailers on Friday in New York State Supreme Court, accusing Ross of stealing hundreds of thousands of dollars from him in a "relentless campaign of harassment and threats" against Blitzer and his family.
- George White

See Reuters story






Post a comment





The Deal Pipeline

Deal Video


Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


More video...

Crisis On Wall Street
Technology
Deals of The Decade

Community

Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.


footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.