Thursday, 29 January 2015
Last updated 7 hours ago
Jul 25 2013 | 9:55am ET
It took more than a week in jail and an agreement to return some stolen money, but former Third Point analyst Jeffrey Perry's soon-to-be-ex-wife now says she understands that when a court speaks, she has to listen.
Elizabeth Bingham-Perry is set to be released from the Westchester County, N.Y., jail, after striking a deal with her husband—and the court. Bingham-Perry was arrested on July 15 after she allegedly stole millions of dollars from Perry, and after a series of run-ins with the judge overseeing her divorce. That judge, Alan Scheinkman, had ordered Bingham-Perry to serve 31 days in prison for her "malevolence," but agreed to suspend the rest of the sentence if Bingham-Perry behaves.
"She has had a change of heart," her lawyer, Paul Kerson, said. "She's come to the conclusion that she must follow all of the court's orders."
Bingham-Perry had earned Scheinkman's ire not only for stealing the money, but also for routinely lying to him, changing her lawyer and failing to show up for court. She also filed a racketeering lawsuit against Perry last year, in which she echoed allegations made by Canadian insurer Fairfax Holdings that Third Point conspired to drive down its stock price. Fairfax's lawsuit against Third Point was dismissed.
Despite her actions, Bingham-Perry's deals allow her to keep $7 million—not including some $3 million that remains unaccounted for.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…