Former Playboy CEO Christie Hefner and Husband William Marovitz
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Former Playboy Enterprises Inc. chief executive officer Christie Hefner and her husband William Marovitz, attend the Playboy Foundation's 25th Anniversary Hugh M. Hefner First Amendment Awards on May 24, 2004 in New York. Marovitz’s first betrayal, as alleged by regulators, was a small one. It came on April 15, 2004, around the time the company was planning to issue new stock to pay down debt, a transaction that was likely to boost the company’s share price.