• Ralph Cioffi, the former Bear Stearns hedge fund manager who will stand trial this fall for securities fraud and conspiracy in connection with the collapse of the fund, has gone into contract to sell his 7,000-square-foot home in Southampton. The estate had been listed most recently for $11.875 million. Given Cioffi's desperate circumstances, it's expected that the final price will be below the $10.7 million that Cioffi paid for the home in 2007. [WSJ, Sotheby's]
• The couple who paid $9 million for hedge fund manager James Torrey's East 66th Street duplex in April, former Merrill Lynch exec John Heimann and his wife Maria-Cristina Anzola, have sold their old apartment at 141 East 72nd Street. The four-bedroom co-op was purchased by Ada Zambetti, the widow of Stella D'Oro CEO Felice Zambetti, for $5.625 million. [Cityfile]
• Billionaire pharmaceutical mogul Michael Jaharis has paid $6.7 million for a 3,335-square-foot apartment at 1049 Fifth Avenue. [NYO]

• Hedge fund manager James Torrey and his wife Podie Lynch have closed on the sale of their duplex at 131 East 66th Street, albeit for substantially less the $14.5 million they were seeking last November. The 4,850-square-foot apartment, which went into contract in December, sold for $9 million to John Heimann, a former exec at Merrill Lynch and his wife Maria-Cristina Anzola. [Cityfile]
• Comedian Lisa Lampanelli has paid $1.32 million for a two-bedroom condo at 2250 Broadway on the Upper West Side. [NYP]
• Haig Schneiderman, who owns the Knish Nosh knish chain (among other things), and his wife Alison, have put their 4,000-square-foot apartment at 25 Central Park West on the market for $10.7 million. [Cityfile, BHS]