Bess Levin

Posts by Bess Levin

Michael PlattThe co-founder of BlueCrest Capital Management is interested in would-be employees who can be found in no-limit Texas Hold’em games in the early hours of the morning. Read more »

  • 05 Nov 2014 at 1:17 PM

Mathew Martoma Gets Extra Time On The Outside

mathew-martoma1Former SAC Capital Advisors LP portfolio manager Mathew Martoma won a delay of his Nov. 10 deadline to report to prison to begin a nine-year sentence, while an appeals panel considers whether he may remain free during his challenge to his insider-trading conviction. Martoma, 40, was convicted in February of making $275 million for SAC by using illegal tips to trade in Elan Corp. and Wyeth LLC in what prosecutors called the biggest insider-trading case against an individual. The U.S. Court of Appeals in New York today postponed Martoma’s surrender date until it considers his emergency motion for bail pending appeal. The court has yet to schedule an argument. [BusinessWeek]

barry-dillerBack in July, it emerged via a lawsuit against Tinder chief Sean Rad for sexual harassment of a female executive that Rad had allegedly “described his boss, IAC/InterActiveCorp Chairman Diller, as a d–k and texting a drawing of Diller as such.” That Rad stayed on as head of the company when Diller could’ve easily fired him seemed evidence that, unlike some other CEOs, BD was not the kind to fire you for stuff like drawing his face on a penis. Now, though, it seems that he might be, he just takes his time when doing so. Read more »

Bob MercerDespite a purposefully reclusive life, Mercer has gotten attention several times for reasons he would probably prefer to keep private. In July 2013, members of his household staff sued for alleged underpayment of overtime hours and pay “demerits” for things like “failing to change the razor blades in the shaver” or “failing to level pictures,” according to the complaint. The case was settled out of court and is now closed. [NetNet]

hank and snowflakeIt’s looking like Hank Greenberg (‘s lawyer) might actually convince people he was wronged. Read more »

An automated e-mail reply from the Bank of America Corp. account of Rurik Jutting yesterday said he was out of the office “indefinitely” and recommended contacting someone who’s not “an insane psychopath.” Calls to the work and mobile phones of Jutting weren’t answered yesterday outside of office hours, and Paul Scanlon, a spokesman for Bank of America in Hong Kong, declined to comment when contacted by Bloomberg News. A Rurik Jutting who is 29 and until recently worked for Bank of America has been named by the South China Morning Post, the U.K.’s Telegraph newspaper and Sky News as the suspect in the murder of two women in Hong Kong’s Wan Chai district…The automated reply also said: “For escalation please contact God, though suspect the devil will have custody. [Last line only really worked if I had followed through..]” [Bloomberg]

jefferiesAs you may have heard, this week has been a tough one for Team Jefferies. Not only for Global Healthcare Head Sage Kelly– who took a voluntary leave of absence yesterday– but for other senior members of the bank, who’ve either been named in the complaint filed by Kelly’s soon-to-be ex-wife or simply felt embarrassment by association. It’s unclear what exactly was going on over at HQ today, but it seems that some sort of tipping point occurred and a scene similar to the following occurred:

Senior Jefferies Management is reading the latest allegation re: Kelly

SJM: “Oh come on.”
SJM: “Oh this is ridiculous.”
SJM: “You’ve got to be kidding me. No, this is…oh HELL NO [unbuckles belt, screams into intercom:] “Get me a cup…I said get me a fucking cup!”

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ubs1 3.13.35 PMBased on a judge’s ruling today. Read more »