Pittsburgh police confirmed Friday that cocaine was found in the hotel room of Wardell R. Lazard, who police believe died of a drug overdose on Wednesday.

Initial police reports said Lazard, the fonder of WR Lazard & Co., was found lying on the bed of his hotel room next to a tray containing a "white powdery substance." Tests completed Friday by the Allegheny County crime lab confirmed that the substance was cocaine, Sgt. Mark Ninehouser said.

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