P.E. Firm Founder Accused Of Drunk Driving After Wild Ride

Jan 7 2011 | 8:56am ET

A Connecticut private equity fund manager has been arrested for drunk driving after he launched his Porsche more than 40 feet into the second story of a Norwalk house.

Russell Stildolph has been charged with reckless driving, driving too fast, running a stop sign and not wearing a seatbelt for a November accident. Stildolph was found in his upside-down car on the front lawn of a home with his head wedged under the rear window frame. He suffered a small cut, but was otherwise unharmed. A police officer allegedly smelled alcohol on the AltEnergy founder's breath, and a later breathalyzer test allegedly found Stildolph's blood alcohol level to be more than twice the legal limit.

Police are still trying to determine how fast Stildolph was going when he hit a median at the intersection of McKinley Street and Highland Avenue, knocking over a stop sign and going airborne, flying over Highland Avenue. Stildolph's leased Porsche 911 then hit a two-foot wall in front of the house before flying into the porch roof overhang and the second floor of the home.

All told, the vehicle traveled some 42 feet in the air.

Stildolph was released on $5,000 bond and will be arraigned next week. He allegedly said he doesn't remember anything, except that he had been traveling only 35 miles per hour.

The private equity honcho's lawyer, Eugene Riccio, told Greenwich Time that the accident "was an unfortunate incident and Mr. Stildolph has already taken measures to repair the property damage.

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