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Donald Longueuil And Noah ‘Judas’ Freeman: A Bromance Betrayed

As their being charged in the Feds’ massive insider trading case would seem to suggest, former SAC Capital traders Donald Longueuil and Noah Freeman may have had a somewhat elastic view of securities laws. Should the accusations hold up, the two men ought to be punished accordingly. Today though, we’d like to put Freeman on trial for something far worse: his betrayal of the one guy who was always there for him, who literally got Freeman out of bed in his darkest days. A crime within a crime, if you will.

It’s already been widely known that Longueuil and Freeman (whose name will be interchangeably used with ‘Judas’ for the purpose of this story) were both colleagues and friends from SAC Capital. But they knew each other well-before they took their gigs at the hedge fund and their friendship ran much deeper than being casual buds. In 2002, they met “through a shared interest in ice skating” and competed together in Massachusetts. Noah helped Don get a job in Connecticut at Empire Capital in 2004 and the two remained close even despite the distance. When Judas got married in 2009, it was Don who served as best man at his wedding in Maine, standing beside Freeman as he watched his wife to be walk down the aisle, “smiling,” it’s noted, because he was so happy for his friend. It’s a moment that almost didn’t happen because not too many years earlier, Freeman was an emotional basketcase, having been dumped by a previous fiancée. Who helped him “pick up the pieces”? His best buddy Don, of course.

Mr. Freeman later told co-workers he couldn’t have made it through the time without him. “I needed Don to get me out of bed this morning,” he said at one point, according to the person familiar with the situation.

AND HOW DID JUDAS REPAY THIS ACT OF BROTHERHOOD? By cutting the best deal possible for himself when the Feds came a’ calling, agreeing to secretly tape the person who was not just his colleague but his closest friend. And in so doing, committed a crime far more serious in nature than the one he was setting up Longueuil to get caught committing (see table below**). And whereas someone else might’ve made a halfhearted attempt to incriminate his buddy and then gone back to the government and said he couldn’t get anything, Judas made sure.

During their meeting, on Monday Dec. 20, Mr. Freeman tried at least four times to get his friend to admit he traded on inside tips, according to transcripts: “We both did, didn’t we?” Mr. Freeman asked, according to the transcripts.

“Yeah,” Mr. Longueuil said.

What did Freeman get in exchange for selling his friend down the river by making him say out loud, STEP BY STEP, exactly how he destroyed evidence of the insider trading they both took part in? Permission to go on vacation.

At Mr. Freeman’s plea hearing, prosecutors and a judge said Mr. Freeman could travel in coming months to Puerto Rico and the U.S. Virgin Islands, where he plans to attend triathlons with his wife.

Someone might say to Noah, “I hope you crash your bike and break your two front teeth, while you leave your former friend in the trenches taking grenades, you selfish son on of a bitch.” We’ll just leave it at this: Good luck finding another dude who will dry your tears.

Manager Took Down Best Friend In Insider Trading Case [WSJ]

**In descending order:
>>Murder
>>Stabbing your best friend in the back
>>Securities violations

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230 Responses to “Donald Longueuil And Noah ‘Judas’ Freeman: A Bromance Betrayed”

  1. Soapbox69 says:

    “Coddled, preppy educated idiot can’t cut it honestly, fails to understand how incentives work”>>> my headline

  2. Guestofaguest says:

    I hate to play the role of grammar police, but phrases like “a shared interest in ice skating” should always be followed by “not that there’s anything wrong with that.”

  3. Lk says:

    Did they attend the same temple?

  4. Guest says:

    Not funny. Dude was there to spoon with me when she left. I love him, man.

    -NF

  5. Guest says:

    Not funny. Dude was there to spoon with me when she left. I love him, man.

    -NF

  6. Wikileaks says:

    Source: several tear-stained 3×5 cards found in Freeman’s jacket pocket, apparently for use in his best-man’s toast at the 2/26 nuptials of his good friend, Longueuil.

    “I’d catch a grenade for this guy…well, not really. I probably wouldn’t even resist a plea deal in return for wearing a wire to ensnare him, but I still love him and his beautiful bride…”

  7. Guest says:

    you have got to be f£”$ing kidding me–

    “And Mr. Freeman obtained a guaranteed two-year, $2 million contract from SAC plus 20% of profits generated in his portfolio, say people familiar with the matter. ”

    I was feeling sorry for them up until that.

    • Guest says:

      that’s a standard PM contract at SAC. but it’s funny that that’s the part of this that outrages you, you greedy bastard.

      • Another Guest says:

        Just to be clear, is that 2 years at 2mm per year, or 2 years at 1mm per year?

        -Guy who gets confused by multi-year contracts

    • Guest says:

      that’s a standard PM contract at SAC. but it’s funny that that’s the part of this that outrages you, you greedy bastard.

    • Guest says:

      that’s a standard PM contract at SAC. but it’s funny that that’s the part of this that outrages you, you greedy bastard.

  8. Anonymous says:

    There’s a Losers section in the Pro edition of The News of the Weird…

  9. The European says:

    2 bros 1 cup

  10. The European says:

    2 bros 1 cup

  11. The European says:

    2 bros 1 cup

  12. Guest says:

    This new piece of information changes the casting quite dramatically.

    Noah Freeman- Jake Gyllenhaal
    Donald Longueiul- Heath Ledger (with CGI credit to Watson)

  13. NakedShort says:

    May God’s wrath descends, and the world becomes round again, rather than flat! May my former friend realize his originally obscure identity as a mere defending street against the English colonizers! Beware Ozymandias, beware! If I come to power one day, surely I will follow unfalteringly the foot steps of Andrew Jackson, exterminating these unsatisfying and heinous vermins first and foremost, breaching the seemingly unbreakable pillbox of the shameless friends, advocating the glory of justice, and spreading the merrying news of equality and happiness!

    So help me, God!

    D. Longueuil

  14. Fast Times says:

    “You know, it takes a lot of courage to get up here and do something you KNOW people will make fun of!”

  15. Anonymous says:

    “Mr. Longueuil is health-concious… and complained repeatedly about tenants who smoked on their balcony a floor below him, according to people familiar with the matter.”

    Reason enough to throw this d-bag in Federal prison IMHO.

  16. Guest says:

    Aha! The mystery of who was sporting the Patagonia that night is solved(as well as her need to lawyer up):

    “At 2 a.m., a few hours after the Journal article was published, Mr. Longueuil left his New York apartment with another person, according to the complaint against him. He walked 20 blocks and dumped mangled pieces of computer drives in four separate garbage trucks, according to the complaint.

    The person who accompanied him was his fiancée, Ms. Mudgett, people familiar with the situation say. ”

  17. Seaman Bodine says:

    there is a light and it never goes out

    fags

  18. Seaman Bodine says:

    there is a light and it never goes out

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  19. Joesmo says:

    It was short track speedskating not ice skating, VERY different. Get the facts right.

  20. Anon says:

    Fantastic article Bess. I’ve been off the week but checked in and as I expected, I’ve been rewarded for doing so.

  21. Still True Today says:

    There is no honor among thieves.

  22. Mountaneer says:

    it’s brokeback skating, not ice skating

  23. completely misunderstood says:

    This wasn’t really the reach – around I had in mind, man

  24. completely misunderstood says:

    This wasn’t really the reach – around I had in mind, man

  25. honor among fleeces says:

    Silly Question:

    Why is it obstruction of justice to destroy your own property? Were they under subpoena at the time? What’s going on here?

  26. [Three years later]

    Longueuil: I see you got fat.
    Freeman: I see you still look like a 15-year-old girl but not hot.
    Longueuil: You crushed my dreams.
    Freeman: Dreams? Shit. I haven’t had one of those in years.
    Longueuil: Zip it, Freeman! Zip it or I will punch you in your crap, lousy face!
    Freeman: Hey, This ends tonight!
    Longueuil: It’s daytime, you douche!

  27. Christian Troy says:

    At least he didn’t father his best friend’s ‘son’. That was sure awkward.

  28. MITT says:

    I bet they are both MBAs.

    -PhD from MIT Who Never Loses Money But, Rather, Prints It.

    • Anonymous says:

      So you work for the Bureau of Printing and Engraving? Cool! I saw you guys on “Modern Marvels” on the History channel.

      -former BSC risk manager

  29. Guest says:

    I’m getting a strong Lloyd Christmas/Harry Dunne vibe from these two: Vail, failed romances…

  30. Richard Cripples says:

    Could’ve been worse
    – J. Caesar

  31. Guest says:

    Meh. Longueuil was probably entered in the triathalon in Puerto Rico and Freemen was looking at ways to best him. Selling him down the river was how. That’s the kind of thing Team Psycho does.

  32. John Kinnucan says:

    Don,

    Assuming you need a stand-up replacement as best man, I’m there for you, dude.

  33. John Kinnucan says:

    Don,

    Assuming you need a stand-up replacement as best man, I’m there for you, dude.

  34. Matt Taibbi Cat says:

    …..and after a not quite long enough hiatus, that was the 3rd time I woke up with a bottle of Pinot Grigio shove up my rectum.

    Noah

  35. I believe a Bulletproof movie reference is in order here:

    Archie Moses: You wank off a lot?
    Chuck: What’s a lot?
    Archie Moses: You know, you got 5 minutes off, slip into one of the rooms, pull down your lil’ panty’s wack it.

  36. Irreconciabledifferences says:

    Mr Freeman

    I think that you will definitely need my services sooner or later as you will have trouble finding employment.

    –Divorce Lawyer

  37. Leon Leonwood Bean says:

    I see he has shifted his preferred outerwear brand to L.L. Bean. Shrewd move.

  38. Leon Leonwood Bean says:

    I see he has shifted his preferred outerwear brand to L.L. Bean. Shrewd move.

  39. Da' Hammer says:

    Enough with covering up the face. How about sporting an eye-patch and some fake teeth?

  40. Da' Hammer says:

    Enough with covering up the face. How about sporting an eye-patch and some fake teeth?

  41. Da' Hammer says:

    Enough with covering up the face. How about sporting an eye-patch and some fake teeth?

  42. Da' Hammer says:

    Enough with covering up the face. How about sporting an eye-patch and some fake teeth?

  43. Sadelanghorne says:

    Just like drug dealers. Give me a break. But the sad thing is – all these small potatoes going down and the real criminals are the ones putting them in the slammer. What a nasty game.

  44. Sadelanghorne says:

    Just like drug dealers. Give me a break. But the sad thing is – all these small potatoes going down and the real criminals are the ones putting them in the slammer. What a nasty game.

  45. Guest says:

    Where are the indictments of the big money guys? These so far are mice nuts….

  46. Mitch says:

    I’m glad you’ve forgotten about my Fabulous self.

    -F. Tourre

  47. Villamiaad says:

    the giddy and pointless remarks are so out of touch with the import of the fact that FBI/DOJ is resorting to such coercive tactics that it causes most “normal” people to cave in out of fear – this is not funny at all- and all of you should shed your jealous and petty personas to rally against this tide of intrusion and purging a segment of the population for purely political reasons. You have no idea what it feels like to have to choose honor over liberty…

  48. Guest says:

    Feds before Bro’s before Ho’s.

  49. Guest says:

    Feds before Bro’s before Ho’s.

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