Lisa Marie Falcone, Harlem native, fashion plate, wife of hedge fund manager Phil Falcone, and proud owner of a pet pig named Wilbur, was arrested on Saturday afternoon after crashing her Mercedes-Benz in Bridgehampton, according to reports. From The Long Island Press:
… at 2:25 p.m., 48-year-old Lisa Marie Falcone of Manhattan crashed her vehicle at the corner of Montauk Highway and Hayground Road in Bridgehampton, police said.
She was found to be to be under the influence of alcohol and prescription medication, police said.
Falcone was charged with driving while ability impaired by the combined influence of alcohol and drugs.
The last time we checked in on the Falcones, Phil was battling creditors of LightSquared, the broadband wireless company in which his hedge fund, Harbinger Capital, holds a majority stake, and shrugging off Securities and Exchange Commission charges that he misappropriated Harbinger funds.
Update (4:23): from FINalternatives (h/t Dealbreaker): “[Ms.] Falcone was charged after admitting to having a drink three hours before driving, and that she had a blood alcohol level of 0.03, about half the legal limit. Falcone was also asked if she was on prescription medication, which she confirmed.”