Peggy Lipton Affair Trips Another Mogul

The only victims in the Tiger Woods episode, for instance, are an SUV and the golf star himself, possibly due to a few swings on a nine-iron by his gorgeous wife. Compare that paltry disabled list to the lethal fallout produced after a schlubby late-middle-aged political hack from Queens fell hard for Lipton, the aging but still charming TV starlet. Lovestruck Jack Chartier was chief of staff to the New York state comptroller with influence over billions in state pension funds. The result has been financial scandal history.

Since Chartier, 64, started confessing to Attorney General Andrew Cuomo's investigators about how he abused his office in order to better impress Lipton, at least five powerful figures have been forced to plead guilty to crimes involving the pension fund. Those admitting felonies so far include the former leader of the state's Liberal Party, a Texas hedge-fund manager, a hugely successful investment adviser, and a pension fund broker.