Ed Bradley's CPW Apartment Up for Sale

cityfile · 02/20/09 08:39AM

• Patricia Blanchet, the widow of 60 Minutes correspondent Ed Bradley, has put the home where she and Ed lived for more than 30 years on the market. The 3,600-square-foot apartment at 285 Central Park West is currently listed for $7.4 million. [WSJ, Corcoran]
• Real estate developer Mark Kalimian and his wife Keren paid $9.1 million for an 18th-floor apartment at the Brompton on East 85th Street. [Cityfile]
• Mutual fund exec Charles Johnson and his wife Ann paid $3 million for a two-bedroom apartment next door to the one they already own at the Sherry Netherland. The apartment was previously owned by the late insurance executive Gerald Tsai Jr. [NYO]

Former billionaire caught in the long tail of dot-bomb securities fraud

Jackson West · 05/16/08 03:20PM

Former CEO of PurchasePro Charles Johnson is facing 20 years in jail for his role in stock fraud at the company. An earlier prosecution of Johnson ended in mistrial, but this retrial included the original allegations plus an obstruction of justice charge related to the first effort. The Las Vegas-based PurchasePro sold enterprise software for business-to-business transactions online. PurchasePro executives worked closely with AOL dealmakers, who were implicated in the scheme to manufacture positive sales numbers in 2001 in order to puff up PurchasePro's once-astronomical stock price. AOL cut a deal earlier to defer prosecution. Other executives at PurchasePro had already plead guilty. PurchasePro went bankrupt in 2002, and the assets were scooped up by Perfect Commerce.