Because John Duffy, the Chief Executive Officer of investment bank Keefe, Bruyette & Woods is a married man, some people, such his estranged wife, would like to know why he “lavished millions of dollars’ worth of homes, jewelry and sexy outfits from Victoria’s Secret on stunning women in three different countries.” Kathy Duffy thinks she already has the answer (the trinkets were part of his “public and notorious adulterous relationships”) and for that reason has chosen to demand more than $20 million in divorce proceedings that have taken place so far. But she’s wrong! John AKA “Duff” wasn’t cheating on her with these ladies and his reason doesn’t even involve invoking the law of different area codes. Those homes he bought in Yonkers and CT? Those Rolexes and “educational supplies” and the mesh chaps? Those weren’t gifts for his gal-pals, those were investments!

“[Kathy Duffy] charged adultery — we’re getting into Tiger Woods territory,” a source said, adding that the three women have been subpoenaed to testify in court. One of Duffy’s alleged trysts involves the tattooed, blond lead singer of a rock band, a source said. The singer allegedly netted a $73,000 car, a Rolex watch and other gifts from Duffy totaling more than $770,000, the source said. Duffy, nicknamed “Duff,” has claimed that he had met the woman by chance in a Manhattan bar and decided to bankroll her music career. His wife also claims that another woman received a $345,000 condo in Yonkers and a Connecticut spread worth more than $465,000, the source said. The homes were both bought within the past eight years. The third woman received a home in tropical Santo Domingo in the Dominican Republic, a source said. Duffy also bought her furnishings, paid for her educational expenses, a car and other gifts totaling more than $800,000, his wife claims.

John Duffy has denied engaging in any sexual affairs, claiming the homes and gifts he bought for the women were “investments,” a source said.

Hope this cleared things up.

[NYP]

Comments (46)

  1. Posted by Assburgher | August 15, 2011 at 10:59 AM

    Please, please, let the "tattooed, blond lead singer of a rock band" be Courtney Love.

  2. Posted by GUESST | August 15, 2011 at 11:00 AM

    do you think kbw will still recruit at my school

  3. Posted by guest | August 15, 2011 at 11:03 AM

    You think gold bugs are annoying, wait till you have to listen to a poon evangelist drone on about the merits of va-jay-jay as a store of value.

  4. Posted by Horatio | August 15, 2011 at 11:08 AM

    Because he ate the women?

  5. Posted by Guest | August 15, 2011 at 11:09 AM

    I don't see the big deal… my boss "invests" in my career with "sexy outfits from Victoria’s Secret" all the time

    - Ping Capital trader

  6. Posted by Dr_Rosenrose | August 15, 2011 at 11:13 AM

    I can think of no investment more promising than giving a car to a woman driver.

  7. Posted by guest | August 15, 2011 at 11:13 AM

    "bankrolled her career/bankrolled her ass same diff/no diff"

  8. Posted by guest | August 15, 2011 at 11:22 AM

    Running a third tier bucket shop and having hoochie mama's all over the country is definitely the nki

  9. Posted by davidrusso | August 15, 2011 at 11:23 AM

    he's late to the trade. i've been financing med school careers – one greasy $20 at a time – since Duff could actually see his junk.

    according to the actuarials, the resids should be rolling in any day now….

  10. Posted by merkin capital ptnrs | August 15, 2011 at 11:27 AM

    The hand gesture says "I admired Marlon Brando as the Godfather" but the neck that also serves as a pillow says, "and I follow his diet".

  11. Posted by VonSloneker | August 15, 2011 at 11:28 AM

    Man…Phil Donahue has really let himself go

  12. Posted by Zoroz | August 15, 2011 at 11:29 AM

    I had no idea that the GFE has gotten so pricey
    – Elliott Ness

  13. Posted by Just A Fool For Love | August 15, 2011 at 11:42 AM

    KBW must have a unique and fascinating corporate culture. Let's take a little stroll down memory lane to remember a previous KBW CEO:
    http://www.time.com/time/specials/packages/articl...

  14. Posted by FranklyMrShankley | August 15, 2011 at 11:45 AM

    Duff should invest in a neck

  15. Posted by Triple Stack | August 15, 2011 at 11:55 AM

    Where's the Keefe?

  16. Posted by kenny_lingus | August 15, 2011 at 11:55 AM

    Who knew the "Woods" in KBW was Tiger? Is the "America" in BofA, this America?

  17. Posted by 25th Hour Trader | August 15, 2011 at 12:01 PM

    …the homes and gifts he bought for the women were “investments”

    What an idiot. Everyone knows the best investment is fake gold coins.

    -Gold bug from previous post who narrowly escaped an assassination attempt by his wife after she found out he spent $18k on $5 worth of copper.

  18. Posted by Texashedge | August 15, 2011 at 12:07 PM

    You know, I once heard the opposite
    http://dealbreaker.com/2007/10/that-craigslist-ad...

  19. Posted by trojan_ | August 15, 2011 at 12:07 PM

    Duffman is thrusting in the direction of the problem! Oh, yeah!

  20. Posted by Guestbox | August 15, 2011 at 12:09 PM

    Duff should present his fupa as evidence.

  21. Posted by Backdoor_Bess | August 15, 2011 at 12:13 PM

    Didnt know Peter Griffin was an I banker……

  22. Posted by Guest | August 15, 2011 at 12:23 PM

    One more comment like this and Soros will put you at the kids table.

  23. Posted by zaqxswtrewq | August 15, 2011 at 12:33 PM

    " Condo in Yonkers and a Ct Spread worth more than $ 465,000 " …this one must be a keeper … where in Ct can you get a " spread " for that sort of money …..Yonkers , Litchfield , glastonbury ….YUK !!

  24. Posted by PermaGuestII | August 15, 2011 at 12:40 PM

    Litchfield is a dump? You don't get out much, do you?

  25. Posted by Fat air | August 15, 2011 at 12:41 PM

    Where is his neck?

  26. Posted by guest | August 15, 2011 at 12:41 PM

    Last Tango in Yonkers

  27. Posted by N.A.S. Keflavik boi | August 15, 2011 at 12:43 PM

    Only in his weight class

  28. Posted by PermaGuestII | August 15, 2011 at 12:43 PM

    Carl Pewterschmidt provided the seed capital.

  29. Posted by B2b MD | August 15, 2011 at 1:00 PM

    Looks like he ate at the kids table, the women's table, the men's table…hell he ate the table itself.

  30. Posted by Guest | August 15, 2011 at 1:06 PM

    Not bad…

    -Raj R

  31. Posted by Bess Fan | August 15, 2011 at 1:18 PM

    @BB:

    Was that handle necessary? Bess is nothing if not an elegant lady.

  32. Posted by barry | August 15, 2011 at 1:24 PM

    Funniest thing would be if he indeed got no action off these chicks. that would be the best.

  33. Posted by Guest | August 15, 2011 at 1:26 PM

    You must be a huge Bess fan if that's the first time you've noticed that over the course of the past few months.

    – Guy who notices things/shows his allegiance to Bess via page views

  34. Posted by Guest | August 15, 2011 at 2:08 PM

    He's like a white-trash George Soros.

  35. Posted by davidrusso | August 15, 2011 at 2:29 PM

    "DUFF-MAN SAYS…..shoulda stuck to light beer."

  36. Posted by blanal | August 15, 2011 at 2:37 PM

    Jeezus, Jim Rogers ain't kidding: all physical commodities are going thru the roof, be it gold, silver, sugar, oil, or 'tang

  37. Posted by Mr. Chang | August 15, 2011 at 2:42 PM

    Its funny because he's fat!

  38. Posted by Guest | August 15, 2011 at 3:12 PM

    But no video, please.

  39. Posted by zaqxswtrewq | August 15, 2011 at 3:59 PM

    Why would I want to get out and visit a dump?

  40. Posted by Hot Hedge Fund Mom | August 15, 2011 at 4:00 PM

    20 million? I would definitely pay 20 mio to get that fat fuck out of my bed.

  41. Posted by Tuckhead | August 15, 2011 at 4:42 PM

    Gorging on ho ho's and ho's in different area codes is the NKI.

    Duffy, perhaps you would also like to gorge on dumb revelers looking for a cheap thrill?

    Raton the Bull
    Chairman, Raton Capital Studs

  42. Posted by coithTriree | August 15, 2011 at 7:42 PM

    PEOPLE Secretary regarding State Hillary Clinton has called for wider global sanctions on Syria since the government’s violent crackdown in dissent persists.

    Mrs Clinton claimed China and also India in particular could raise pressure because of the energy opportunities.

    She said the united states did not want to involve Mr Assad to be able to stand down without having the backing of other nations around the world.

    Activists claim the armed service killed a minimum of 24 individuals on Thurs night and completely new protests flared following dawn prayers on Friday.

    More when compared with 1, 700 individuals have died and tens of thousands of people possess reportedly also been arrested because uprising resistant to the the 41-year concept of President Bashar al-Assad’s spouse and children began inside March.
    ‘Chorus involving condemnation’ (Kino)

    This few days, Washington added to its recent sanctions on Syria by including their main business bank and cell phone company, and cautioned that additional could adhere to.

  43. Posted by muntz | August 15, 2011 at 8:22 PM

    I used to work there and at a conference up in Boston a few years ago, I saw him work the crowd while diligently working his way through a plate of bacon pilfered from the 3-hour-old breakfast buffet.

    Believe me, he is one of the less ridiculous people there…..

  44. Posted by guest | August 15, 2011 at 10:56 PM

    I read through all of the comments, looking for the most clever play on "Duff" and "Muff". Is everyone (except interns) on vacation?

  45. Posted by FinnHopKee | August 16, 2011 at 5:02 AM

    Someone ate his thumb, and he looks guilty.

  46. Posted by dontshoot_itsme | August 16, 2011 at 5:06 AM

    * Showering mistresses with gifts
    * ???
    * Profit!!

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