To that end, Hans in accounting is also getting a little too pushy with the “Was this prostitute really necessary? Is this threesome going to help Q4 revenue?” line of questioning. Read more »
Swiss Bankers Suddenly Bashful About Listing “Sparkling Water,” “Hooker For Client” On Expense ReportsBy Bess Levin
The arrival of a Liberian-flagged freighter with Ukrainian, Arab and Filipino sailors spells one thing for Elena — dollars. And greenbacks are king in Venezuela, the 32-year-old prostitute says. Within hours of hearing of the ship’s imminent arrival, she has packed her bags and is heading to the crumbling city of Puerto Cabello. It is a 450-kilometer (280-mile) journey from her home in the Western state of Zulia that Elena finds herself doing more often now as Venezuela’s economy contracts, the bolivar slumps and prices soar. Prostitutes more than double their earnings by moonlighting as currency traders in Puerto Cabello. They are the foreign exchange counter for sailors in a country where buying and selling dollars in the streets is a crime — and prostitution isn’t. Greenbacks in the black market are worth 11 times more than the official rate as dollars become more scarce in an economy that imports 70 percent of the goods it consumes. [Bloomberg]
Eighteen people were arrested for allegedly running a prostitution and drug ring that marketed its services to visitors to the New York area for the Feb. 2 Super Bowl, the New York Attorney General said. The ring sold “party pack” packages of cocaine and prostitutes and is estimated to have generated millions of dollars in illegal proceeds, Attorney General Eric Schneiderman said today in a statement. [Bloomberg]
Common Sense Investment Management Investors Didn’t Redeem 90 Percent Of Their Money Because The Founder/CEO/CIO Was Nailed In A Prostitution BustBy Bess Levin
They redeemed 90 percent of their money because they thought everyone else was going to redeem for that reason. Read more »
A Personal (Criminal) Matter
Common Sense Investment Management Not Sweating The Small Stuff (Its Founder Being Busted In A Prostitution Sting)By Bess Levin
Late last month, a guy named Jim Bisenius was surfing the web when he came across an advertisement for a prostitute. “I like prostitutes,” Jim probably thought to himself and proceeded to contact the woman at the number she had listed in the ad. Unfortunately for Jim, the ad turned out to be a decoy and the woman on the other end turned out to be a cop. Will this affect his criminal record? One would think so, yes. Will it affect his position at Common Sense Investment Capital, the firm he founded in 1991? According to CSIM, no.
For more than two decades, Common Sense Investment Management (CSIM) has brought superior risk adjusted returns to our investors and clients. CSIM’s success is about a team of committed and driven investment professionals; not one individual. Jim Bisenius’ recent personal transgression bears no reflection on this outstanding team of professionals or the quality of portfolio management at CSIM. Going forward, the firm’s partners have decided that Jim will remain in his role as Chief Executive Officer and Chief Investment Officer and he will deal with this recent event as the personal matter that it is. Our investment process and decision making will continue to be made by our investment committee, which is comprised of our President, four Portfolio Managers, Director of Operational Due Diligence, Director of Risk Management and myself. All management decisions continue to be made by the management team. We look forward to building on CSIM’s successful 22-year track record and creating value for our investors.
Relatedly, if you’re wondering if Jimbo is the type of guy who would define marriage as the union between one man and (at least) two women, the first being his wife, the second being the woman he thought was a hooker, the answer is come on, of course he is. Read more »
Juerg Buergin only pays of age women for sex, ergo that girl took advantage of him, says lawyer. Read more »
Attention, citizens of the world: if your wife is a hooker, you, as of this morning, have a problem. Yann Samuelides, a man known for laying down a substantial amount of money to convince a working gal to leave her husband for him, just saw his net worth increase significantly when he was named a partner at Goldman Sachs today and will presumably be celebrating the good news with some sort of shopping spree later this month. In related, congrats to Yann! [DM via Tracy Alloway, earlier]
Breathe easy, friends of Bob Diamond and the guy who wrote “Anything for you, Big Boy,” as a response to the request, “Can you manipulate Libor for me today when you’ve got a sec? Thanks a mill.” In this case we speak of Rachael Claire Martin, the ex-Barlcays employee who used customer funds to pay for breast augmentations, dental work, liposuction, drugs, alcohol, shoes, and jewelry, despite initially telling authorities she covered the tricks and treats with money she earned engaging in sex for payment (an excuse anyone else facing questioning for their own alleged misconduct should feel free to test out). Read more »