So this Bloomberg story on suicidal coke addicts across the pond? Kind of a downer. And while it didn’t really illuminate much re: the similarities between trading and having a drug problem that we didn’t already know, or do anything but depress us, we have found ourselves a teachable moment.

At least one cocaine user at a financial firm was brazen enough to deal the drug from his desk. David Frith, a 28-year- old banker who worked at Barclays Plc’s office in Basingstoke, England, was convicted in 2007 of selling drugs from his desk and received a jail sentence of seven and a half years.

Police listened to Frith’s phone calls, which had been routinely recorded by the bank, and tracked his drug runners, according to a police spokesman. Barclays declined to comment on the incident. Frith’s Basingstoke-based solicitors, Talbot Walker LLP, declined to comment.

Barclays employees seriously considering making up the slack with a little biz on the side, you have been warned!

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Comments (53)

  1. Posted by guest | October 8, 2009 at 1:45 PM

    are hormone drugs okay?
    -inquiring minds

  2. Posted by guest | October 8, 2009 at 1:46 PM

    guys at ubs deal drugs from their desk all the time. it’s no big deal.

  3. Posted by guest | October 8, 2009 at 1:50 PM

    @2 gotta get paid somehow. Not everyone there gets to be in on the diamond smuggling gig

  4. Posted by guest | October 8, 2009 at 1:51 PM

    dont do drugs or you’ll end up working on a chicken farm.
    –Neill Junor

  5. Posted by guest | October 8, 2009 at 1:51 PM

    Great idea really. You have infrastructure (email, phone, interoffice mail) and clients (crack head frat boy finance types) all built in. All you gotta do is get the hook up and you’re set.

  6. Posted by CoveredLong | October 8, 2009 at 1:53 PM

    @2 – I wonder why that is…does anyone know why this happens at UBS?
    P.S. The only reason these idiots are unemployed is because they heard there were lines at the unemployment office!
    …I’ll see my way out.

  7. Posted by wcburrs87 | October 8, 2009 at 1:53 PM

    #5, Never get high on your own supply.
    -Brooklyn IB

  8. Posted by guest | October 8, 2009 at 1:54 PM

    “The only reason these idiots are unemployed is because they heard there were lines at the unemployment office!”
    huh?

  9. Posted by NakedShort | October 8, 2009 at 1:54 PM

    Ayo for yayo
    Walk around with yayo, all in my nasal
    I must have been craze yo
    That’s some good coke

  10. Posted by guest | October 8, 2009 at 1:56 PM

    Joke Briefer, where art thou?

  11. Posted by Tax Chick | October 8, 2009 at 1:57 PM

    @10
    He’s probably waiting for a joke.

  12. Posted by guest | October 8, 2009 at 1:58 PM

    I putz the money in da hole…and BOOM…a little baggie of nose candy comes back out, who’d a know it was a Barclays employee on da other side.
    -CG

  13. Posted by Anal_yst | October 8, 2009 at 1:58 PM

    guess he wasn’t very good at his job.

  14. Posted by guest | October 8, 2009 at 2:03 PM

    @TaxChick — 8. He didn’t get it.

  15. Posted by guest | October 8, 2009 at 2:04 PM

    It bothers me that they continually refer to London as ‘the City’

  16. Posted by pfluger | October 8, 2009 at 2:10 PM

    @15:
    They don’t. “The city” refers to the financial district in London.

  17. Posted by guest | October 8, 2009 at 2:10 PM

    @14
    I hope 8 was joking. Cl @ 5′s joke was a pun. It’s my understanding the Joke Briefer makes few appearances in regards to puns, but I could be wrong. The Joke Briefer is a bit like a skittish creature who must be coaxed and baited out with more than a bad pun.
    -Head of JB Fan Club

  18. Posted by guest | October 8, 2009 at 2:11 PM

    I object!
    -LK

  19. Posted by guest | October 8, 2009 at 2:12 PM

    that article made me depressed too. for my druggie days. fuckin nostalgia.
    -big lar

  20. Posted by guest | October 8, 2009 at 2:13 PM

    I say, “Bollocks to you, sir!”
    Nigel Cocktosin

  21. Posted by guest | October 8, 2009 at 2:13 PM

    Basingstoke is to London as Scranton is to NYC. Coked up traders make the story but this guy was more like a coked up Asst Branch Manager.

  22. Posted by Meatbone9 | October 8, 2009 at 2:16 PM

    Huh, Bess was right with the “not feel good story of the year”…made me so sad I had to do a line of a assistance ass.

  23. Posted by Sammy | October 8, 2009 at 2:18 PM

    Man, no wonder Nate’s been blowing me off.

  24. Posted by guest | October 8, 2009 at 2:18 PM

    I’d kill for some blow right about now.
    -KL

  25. Posted by guest | October 8, 2009 at 2:20 PM

    @22 same

  26. Posted by guest | October 8, 2009 at 2:20 PM

    I would kill Dennis Kneale right now for an 8 ball and 3fingers of JW Blue.

  27. Posted by highlyconfident | October 8, 2009 at 2:20 PM

    Was that wrong? Should I not have done that? I tell you, I gotta plead ignorence on this thing, because if anyone had said anything to me at all when I first started here that that sort of thing is frowned upon . . . you know, cause I’ve worked in a lot of offices, and I tell you, people do that all the time.

  28. Posted by CoveredLong | October 8, 2009 at 2:21 PM

    @17 – In all your puntificating you missed an opun opportunity….all you had to do was spell ‘coaxed’ like ‘cokes’d’.

  29. Posted by guest | October 8, 2009 at 2:22 PM

    Joke Briefer here: I have just returned from a fine lunch where I had to stand in line for a bit and now I see that someone has called the Joke Line for assistance from the “JB”.
    After the talented Ms. Levin brought the thread to our attention in hope of quick wit and snappy patter from the “commentariat”, a word your JB is fond of, it looks like Covered Long @6 started the mystery of humor here with the comment, “P.S. The only reason these idiots are unemployed is because they heard there were lines at the unemployment office!” Which caused a snort in some circles but @8 missed the volley and restated, ” “The only reason these idiots are unemployed is because they heard there were lines at the unemployment office!” and then asked the interrogarory, “Huh?” in a way that Mr. Imus would if someone told him he was “live”.
    @8′s plaintive call brings now forth some erudition on the humorous intent of @6 who used the classic “misinterpretative intent of a word (line)” to elicit brain chemical reactions that would result in a “snort, spit, chuckle, guffaw, squeal or knowing smile” as a result of the joke being defined in our brains as absurd and thus the humorous reaction is personally received by the reader. To wit:
    “Lines” refers to, of course, the razored, furrowed derivatives of a small mound of cocaine, or “blow”, “coke”, “yayo”, “charlie”, “nose candy”, “jack-up” , “white”, “jelly beans” as well as the popular “tit lint”.
    The humor being that because “lines” were at the unemployment office, @6′s bon mot revolved around the defamatory implications of youthful confusion of the meaning of “lines” (employment and coke) and the possibility that 28 year old bankers wouldn’t know the difference. In restrospect, @6′s humor is better in reflection if one rubs the gums of the humorous attempt for effect.
    Sincerely,
    The Joke Briefer

  30. Posted by guest | October 8, 2009 at 2:25 PM

    huh?
    @8

  31. Posted by guest | October 8, 2009 at 2:25 PM

    I prefer the phrase “Bolivian Marching Powder.”
    LarKud

  32. Posted by guest | October 8, 2009 at 2:30 PM

    Joke Briefer,
    You are the best.
    -Joke Briefer fan.

  33. Posted by guest | October 8, 2009 at 2:30 PM

    Bravo JB!

  34. Posted by guest | October 8, 2009 at 2:31 PM

    Joak Briefer,
    I don’t get it.
    @8

  35. Posted by guest | October 8, 2009 at 2:32 PM

    @29 I just made a teepee
    -Cotton Briefer

  36. Posted by guest | October 8, 2009 at 2:36 PM

    Looks like Frith got his lines crossed.
    When questioned by the po po Frith had no choice….he was line through his teeth.
    Though I give him credit, he was as brave as a line.
    Then he was just dead, line on his back.
    - Toodles

  37. Posted by guest | October 8, 2009 at 2:37 PM

    Jeepers…Queefers…where dya get those Briefers…

  38. Posted by CoveredLong | October 8, 2009 at 2:39 PM

    @29 – I just extended my trial.
    -Legal Briefer

  39. Posted by guest | October 8, 2009 at 2:42 PM

    First, one must wash the taint.
    -Blanuswalla Briefer

  40. Posted by guest | October 8, 2009 at 2:45 PM

    Queef Brief
    That’s nasty.

  41. Posted by CoveredLong | October 8, 2009 at 2:47 PM

    @39 – Actually I have to do my job first.
    -The Debriefer

  42. Posted by guest | October 8, 2009 at 2:52 PM

    @29 FTMFW!

  43. Posted by guest | October 8, 2009 at 3:10 PM

    Were these principal or agency transactions?

  44. Posted by guest | October 8, 2009 at 3:31 PM

    AIRPLANE GLUE, MICHELE LEE’S PANTY LINERS AND TWIZZLERS.
    LD

  45. Posted by guest | October 8, 2009 at 4:14 PM

    @43, yeah that’s one thing about Bloomberg reporting.

  46. Posted by guest | October 8, 2009 at 5:09 PM

    ay chico, get the yayo

  47. Posted by guest | October 8, 2009 at 6:35 PM

    @24, I got rifed from BofA today and laughed my ass off at that.

  48. Posted by guest | October 8, 2009 at 7:43 PM

    jokebriefer- too long. didn’t read.

  49. Posted by Fixed Income | October 8, 2009 at 10:04 PM

    @21 nailed it. In 2007, Barclays didn’t have Investment Banking or even Equities for that matter. It was just Fixed Income so any “bankers” there would have been the true retail branch types or cash management clowns that pitched loans, FX and bond deals and pretended to their moms and fat pitch book monkeys that they were bankers in the true sense. Not shocking that the Bloomberg reporter either misunderstood the idiot’s actual responsibilites or embellished them beyond recognition. To a journalism major that has never worked in the business, everyone is either an investment banker or a trader when in fact most in the business are neither.
    Oh and nice work as usual by the Joke Briefer.
    - Fixed Income

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