Manhattan Investor Reportedly Punches Teen, Breaks His Nose At Southampton Fundraiser

SOUTHAMPTON, NY — A New York City man was arrested after he broke a teen's nose in Southampton Saturday, police said.

According to Southampton Village Police, Michael R. Loeb, 62, was arrested at 10:48 p.m. and charged with third degree assault, a misdemeanor, after he allegedly punched an 18-year-old male in the face, breaking his nose.

The teen was transported by the Southampton Village Volunteer Ambulance to Southampton Hospital for treatment, police said.

Loeb was charged, processed and released to his attorney Edward Burke Jr., who had no comment; Loeb is due in court for an arraignment on Aug. 8, police said.

According to New York Post Page Six report, the alleged assault occurred at Loeb's Meadow Lane estate, which is featured on the Showtime series "Billions," and the altercation took place during a charity event for Pop.Earth.

Loeb punched the teen because he was angry that the teen's friend got drunk and was asleep in his garage during the swanky event, according to the report, which adds that the teen also suffered a concussion and had to make a second trip to the hospital.

The Chefs Care Barbeque, "Ribs for Kids," was a celebrity chef rib-off and barbecue sponsored by Loeb and hosted by chef Jonathan Waxman at the beachfront mansion to benefit those with autism and special needs.

For the full New York Post story, click here.

Photo courtesy of Google Earth.