Go Symbol Lookup
Loading...

New Suspect In $100 Million ATM Receipt

 Text Size  
Published: Tuesday, 5 Jul 2011 | 1:29 PM ET
By:

Special to CNBC.com

Source: Dealbreaker.com

The mysterious $100 million ATM receipt found in the Hamptons doesn't belong to David Tepper, according to The Daily.

From The Daily:

"Sources say the real ATM user was Ron Baron, of Baron Capital Management, who bought a farm in East Hampton four years ago from Adelaide de Menil for $103 million, a record for residential real estate at the time. Baron’s new 28,000-square-foot house is almost complete — with painting and landscaping costs no doubt requiring a great deal of liquidity."

Dealbreaker first identified the account owner as David Tepper of Appaloosa Management. Tepper — who said he hasn't used an ATM since Lehman — denied being the owner telling the New York Post, "I would never do something as irresponsible as leaving $100 million in a savings account."

______________________________________

Questions? Comments? Email us atNetNet@cnbc.com

Follow NetNet on Twitter @ twitter.com/CNBCnetnet

Follow Julia on Twitter @ twitter.com/SallyPancakes

Facebook us @ www.facebook.com/NetNetCNBC

 Print
The mysterious $100 million ATM receipt found in the Hamptons doesn't belong to David Tepper, according to The Daily.

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            
            
        

Featured

Contact NetNet

  • Senior Editor covering Wall Street, hedge funds, financial regulation and other business news.

  • Senior writer for CNBC.com, covering the gamut of issues affecting the stock market and the economy.

  • Stephanie Landsman is the line producer of CNBC's 5pm ET show "Fast Money."

Subscribe

Wall Street