In a lawsuit she filed, Laura alleged that Saul had used $190,000 of Reliances money to buy illegal drugs, including but not limited to the purchase of cocaine, that he had used Reliance funds to decorate the apartment at 740 Park and to buy a private jet. Saul Steinberg did, early on. She was crowned by W magazine as the queen of Nouvelle Society. But even then, people did not understand how bad things were. At one point Lynda Jurist got a $400,000 interest-free loan from Reliance. He subscribed to The Wall Street Journal in high school and went to college at the Wharton School of Finance when he was just 16, graduating at 19. Gayfryd Steinberg, says one friend, pausing a very long time to consider just how much she should say, was very upset in the weeks before the New York auction last May. [Leveraged- buyout king] Henry Kravis did it, too, but he was more low-key and smooth. Gayfryd sort of took over, recalls one friend. McGuire also came in handy for less savory tasks. Norman was a very complex fellow, recalls his friend R. King Milling, president of the Whitney National Bank. Martzell remembers the day, shortly before Halloween, when he was with Johnson, talking to him about the prison term he might be facing. For months the Steinbergs had been able to squelch the rumors, which had begun in late February, when the news leaked out that they had sold their 34-room triplex on Park Avenue at 71st Streetone of the biggest and most spectacular apartments in New York Cityto Stephen Schwarzman, president of the Blackstone Group, reportedly for $37 million. She didnt have the cook or caterer do it. Saul and Bobby, along with two other siblings, were raised on Long Island. I sent bills to my fathers office and they got paid. Social History BY: Mary Hilliard One of the most popular society of fashion photographers in New York of the past quarter century has been Mary Hilliard. They are not moping around, they are paying their debts. Saul was not one of these men who made a fortune and had nothing in him, says one friend. There were two dining rooms and a full-blown gymnastics facility for Sauls daughter Laura who once had a birthday bash at the Temple of Dendur in the Met. But she was down in the mud basement, within a few days, doing the laundry. By the end of the trip, they knew theyd marry.
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