MSNBC host and former advertising titan Donny Deutsch allegedly tricked a real estate broker out of a $1.2 million commission by brokering the sale of his Hamptons home himself.
Deutsch’s lawyer allegedly brought in hedge fund manager Howard Marks to look at the Tyson Lane property, thereby going behind Sotheby’s broker Edward Petrie’s back and causing him to miss out on the 4 percent fee, according to court papers cited by the New York Post. The court is now ordering that Sotheby’s gets the $1.2 million commission after all.
“This court considers that and refusal to acknowledge [Petrie] as the broker to be marks of dishonesty and greed,” the judge wrote in an October 23 decision, according to the newspaper. “Both characteristics are particularly unbecoming when exhibited by those blessed with great wealth.”
Deutsch maintains that he never agreed on a 4 percent commission, according to the newspaper.
“There was no such agreement, neither verbal nor written, and internal Sotheby’s email communications confirm this. Mr. Deutsch will vigorously defend his position in court and is very confident this decision will be reversed on appeal,” a representative for Deutsch told the Post.