Employees of Wall Street tycoon Louis Bacon allegedly tried to frame his next-door neighbor in the Bahamas — the controversial clothing magnate Peter Nygard — by allegedly floating $50,000 of cocaine in the waters just off shore and, allegedly, having it wash up on Nygard’s property, court papers filed this week allege.
But in a twist worthy of a 1960s sitcom, the coke, allegedly, after a change in the tide, allegedly washed up on Bacon’s beachfront estate instead, according to allegations in the court papers.
The alleged plan hatched by one Bacon employee, was an “attempt to bring great embarrassment or worse to Mr. Nygard,” according to a July 14 sworn deposition by Dwight Forbes, saying he attempted to pull off the scheme with his supposed friend, Dan Tuckfield, Bacon’s now-deceased property manager and bodyguard.
Forbes, who claims Tuckfield bought the alleged coke with “cash presumably from Bacon,” said the pair allegedly used Bacon’s cigarette boat for their alleged botched attempt. He did not say when the alleged coke plan was carried out.
Forbes, who swore in the deposition that he didn’t know Bacon, didn’t specify what was done with the alleged wrong-way coke.
Reps for Nygard didn’t respond to requests for comment.
“We will not even dignify the malicious lies of a self-admitted drug dealer and stranger,” Bacon’s lawyer, Orin Snyder, said Tuesday, adding that Forbes “quotes a dead man in service of a defendant who thinks he’s above the law.”
The allegations are the latest twist in an epic alleged property-line dispute between Nygard and Bacon, in which each has accused the other of everything from allegedly rigging local elections to alleged racism.