french fries

  • 27 Jun 2014 at 4:05 PM

Shia LaBeouf Had A Busy Thursday Night

Troublemaking actor Shia LaBeouf chased after a homeless man — demanding he hand over a McDonald’s bag in Times Square — a few hours before he went berserk at the Broadway musical “Cabaret,” new video footage reveals. “He really wanted whatever was in that bag. He had so much focus … If there were French fries in the bag, maybe he really wanted to eat them,” a witness said. He added, “He was dodging people and yelling, ‘Yo, come on!’ … He was on a mission. It was so bizarre.” [NYP, earlier, earlier]

Remember David Slaine? For those who need a refresher, he is the former Morgan Stanley managing director and ex-Galleon trader who began working as an FBI informant in 2007 and who was outed for doing so by the Wall Street Journal in January 2010. At the time, we learned a few notable things about Slaine, some of them germane to his role in helping the government go after people trading on material non-public information, others special in their own way, like:

1. He takes french fries, and perhaps all snacks, very seriously.

In 1993, Slaine triggered a fist-fight with a colleague on the trading floor after needling him because he wouldn’t share his french fries. Others broke up the fight.

2. He doesn’t wait for people to towel off and get dressed before knocking their teeth out.

One morning early in 2001, before trading began, Gary Rosenbach, then was the No. 2 executive under Mr. Rajaratnam, and Slaine were in a steam room together after exercising at an Equinox Fitness Club. Mr. Rosenbach was pressuring Mr. Slaine to improve his performance. As Mr. Rosenbach lay on his back on a bench, Mr. Slaine punched him, giving him a black eye and ending their friendship.

3. Humans aren’t the only ones often asked “you want a piece of me?”

He once smashed a computer keyboard in a fit of rage, says a person familiar with the incident.

4. While working on Wall Street, he eschewed the traditional channels of employee recruitment (Wharton, etc), preferring instead to pick up fresh analysts at the club.

While at Morgan Stanley, he met [Craig] Drimal, then a nightclub bouncer at the Vertical Club in Manhattan. The two quickly formed a friendship based on a shared passion for weight lifting and their mutual ability to bench-press 400 pounds…Shortly after arriving at Galleon, Mr. Slaine persuaded Galleon officials to give a position to Mr. Drimal, who then was working as a bouncer at the Roxy nightclub in Manhattan.

5. Being a person with whom he “formed a friendship based on a shared passion for weight lifting and [a] mutual ability to bench-press 400 pounds,” possibly the greatest line written about anyone who’s ever worked on Wall Street and which which cannot be said enough, means little in the long run if he knows you’ve been playing it fast and loose with securites laws.

In July 2007, the FBI showed up at Mr. Slaine’s door on W. 57th Street in Manhattan and confronted him. Mr. Slaine agreed to help the government. At the time, federal prosecutors in Manhattan were trying to make headway on another investigation that eventually led to the charges involving Galleon. They asked Mr. Slaine who he knew that might be participating in insider trading. Mr. Slaine’s answer: his friend Mr. Drimal, according to people familiar with the matter. In September 2007, Mr. Slaine—identified in the complaint as CS-1—tried out his body wire for the first time, meeting Mr. Drimal in New York. During the meeting, Mr. Drimal gave Mr. Slaine a piece of paper with four stock symbols, according to the complaint. He told Mr. Slaine the four companies were all acquisition targets. At the meeting’s end, Mr. Drimal told Mr. Slaine to destroy the list. He warned him to “be careful” in trading the securities because no news of the takeovers had surfaced publicly…After the meeting, Mr. Slaine went to a nearby hotel where an FBI agent was waiting, says a person familiar with the matter. The pair went to a room where Mr. Slaine removed the wire.

Anyway, Bloomberg recently checked in to see what Slaine’s been up to these last couple years and other than his “experience” with the FBI being “tremendously traumatic,” he seems to be doing pretty well. Read more »

  • 02 Feb 2010 at 1:58 PM

Paging (The Ex-) Mrs. David Slaine

elyseslaine.pngGalleon informant (though not according to his ex-wife) David Slaine has accused of insider trading by the Securities and Exchange Commission. The SEC claims Slaine, who can bench 400 pounds and once punchslapped his boss during a heated discussion in an Equinox steam room, made $500,000 from a tip he received from a former UBS exec (Mitchel Guttenberg, who’s currently in prison). I need to know Elyse Slaine’s thoughts on the matter before I can form an opinion on this one. E- call, email or leave it in the comments.

  • 27 Jan 2010 at 12:30 PM

Ex-Wife Of David Slaine Is Weary And Wet

Picture 102.pngA couple weeks back, the Wall Street Journal printed a story naming trader David Slaine as a key cooperating source in the Galleon insider trading case, having allegedly ratted out several of his friends and co-workers, including nightclub bouncer-cum-hedge fund employee, Craig Drimal. The article also claimed that during his long career on Wall Street, Slaine smashed a keyboard to pieces, started a fistfight over a colleague who wouldn’t share his French fries, and punched his Galleon boss, Gary Rosenbach in the face, while the two were stark-naked in an Equinox steam room. We wrote about it, mostly out of empathy for the fries situation (that’s something to legitimately get upset about) and a commenter by the name of “Elyse” came along and said that basically everything in the Journal‘s story was untrue, but especially the bit with the fries (never happened, she said), and the steam room (where, according to E, David didn’t punch Rosenbach but rather slapped him, which is different). “Elyse” then emailed us (she hadn’t appreciated our tone) to say say that she was Elyse Slaine, the ex-wife of Big D (who she met in 1992, when he was working for Morgan Stanley and she was selling financial technology for Knight Ridder), and to reiterate that the Journal doesn’t know shit. Last Friday, the Observer sat down with ES to find out why.
First off, she didn’t do this for the fame, or the glory.

“I feel,” Elyse Slaine said over a nine-dollar cup of coffee at the Pierre Hotel last Friday, “like someone has to tell the truth.” The 46-year-old was wearing studded Louboutin boots, a ruby ring on her right hand and a Harry Winston diamond watch on the other.

Someone need to set the record straight! And event though her ex-husband told her not to, Elyse knew that someone was she.

[David Slaine] hasn’t endorsed [the crusade]. “I’m defending him because he’s a good guy,” she said. “He doesn’t want me to.” Mr. Slaine, who, The Journal said, has pleaded guilty to conspiracy and securities-fraud charges, and cooperated with the government to gain favor, did not return calls.

In spite of the fact that he once ruined one of their date-nights.

His marriage began to end four years ago. “My interests became a little more diverse. I like to travel,” Ms. Slaine said. “I enjoy theater. David, the one time we went, fell asleep. It was Bring in ‘da Noise, Bring in ‘da Funk.”

Because Elyse, too, knows what it’s like to be standing in the middle of the crisis, to feel like you’re drowning, with no one to throw you a life saver.

Earlier this month, Ms. Slaine returned to her Park Avenue apartment, the co-op she used to share with Mr. Slaine, to find massive flooding. A bathroom pipe had burst. “My own personal tsunami,” she sighed.

Read more »

davidslaine.JPGOver the weekend, the Wall Street Journal outed trader David Slaine as one of the cooperating sources in the Galleon case (although when reached at home and confronted about his role in the ring, Slaine told reporters “you’ve got the wrong guy”). Big D was first approached by the FBI in 2007, when authorities came to him with evidence he’d traded on inside info. Hoping to save himself, Slaine told prosecutors that his friend, Craig Drimal, was part of an “insider-trading conspiracy involving a wide ring of other hedge-fund managers and lawyers.” Obviously, throwing one’s colleague under the bus is no easy thing to do, especially when the guy also happens to be one of your close friends. Drimal and Slaine go way back– they were not just buds, but weight-lifting partners, too, which is probably the tightest bond of all (the two originally met during Slaine’s clubbing days, when Drimal was a bouncer at Vertical and “quickly formed a friendship based on a shared passion for weight lifting and their mutual ability to bench-press 400 pounds”). They were so close, in fact, that soon after taking a gig with Galleon, Big D convinced his bosses to give Drimal– then working as a bouncer at the Roxy– a job as an assistant at the firm. But along the way something must have happened. A confrontation. A blow-up. Something dark, at the gym, involving spotting, for Slaine to rat his special friend out like this. One thing I can tell you about Slaine is that he wouldn’t have done it unless provoked. Like the time at Morgan Stanley, in the nineties, with the French Fries.

In 1993, Slaine triggered a fist-fight with a colleague on the trading floor after needling him because he wouldn’t share his french fries. Others broke up the fight.

You just can’t do that, okay? You can’t not share your fries and expect the Slaine-ster to just sit back and take it, no you cannot. Similarly, you can’t expect to confront Slaine about his unsatisfactory performance and think you’re not going to get your teeth knocked out by a sweaty, glistening, stark-naked Big D.

Read more »