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Hamptons Money Man Punches Out Son Of Manhattan Jewelers At Charity Party

A rich Manhattan investor allegedly broke the nose of the teenage son of A-list Manhattan jewelers after his Hamptons charity party went awry.

Michael Loeb, 62, is accused of having beaten up 18-year-old Avery Arjang, the son of gem-smiths Edi Arjang and Margo Manhattan, after one of Arjang’s friends got drunk at a party held at Loeb’s Hamptons mansion to benefit a charity for disabled children, the New York Post reported.

According to Arjang, Loeb punched him in a fit of rage, after an ambulance had to be called for one of Arjang’s inebriated friends. “Michael was furious because this kind of ruined his event,” Arjang, who said he suffered a concussion and will have to undergo surgery, told the newspaper.

Loeb couldn’t be reached for comment, the paper said.

Michael Griffith, Arjang’s lawyer, added, “If Michael Loeb gave my client a bloody nose, when we get to court we’re going to give him a bloody nose.”

Arjang’s parents have designed jewelry to be sold for mass markets, and have been fixtures on the gem market for the past couple of decades. The home in which the incident occurred is featured on the Showtime program “Billions.”

Contact Daniel J. Solomon at [email protected] or on Twitter, @DanielJsolomon

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