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 »
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 »
news you can use
Should you ever find yourself in a situation in which knowledge pertaining to the arousal triggers of the former Italian prime minister would come in handy, whether it’s bar trivia night or one of his bunga bunga parties, try and remember that Silvio likes (underage prostitutes dressed as):
3. President Obama Read more »
“I’m single and don’t know if I could ever get married after sleeping with so many married men — more than I can remember…some are really handsome and well-dressed. There have been a few where I’ve actually been jealous of their wives, even though they’re there sleeping with me. It’s a weird feeling. It’s easier with the ugly or arrogant ones…With [my pimp] Sam gone, I had to figure out a way to keep clients and to get new ones — which was relatively easy. I started looking online and found sugar daddy dating sites in a Google search. I thought this could be a way to meet men who want something long-term. At first, there were a few possibilities. One guy who was in private equity gave me $5,000 a month for four months, but then he disappeared. These men, it’s like they die one day. They write you all the time and want to see you a lot, but I now know it’s only a matter of time before they die out. I look at it like that because it makes it easier to swallow that this person just drops you. I can’t trust any of them. They’re all liars. Some nicer or cuter than others, but all liars.” [BuzzFeed, related]