After he was badly injured in May by two LAPD officers, top Deutsche Bank executive Brian C. Mulligan alleged that police manufactured a report that painted him as a snarling, thrashing man who told the officers that he’d recently ingested drugs known as “bath salts.” But days before the May confrontation, Mulligan apparently told another officer in a different city a story similar to what appears in the LAPD report. He said he’d previously snorted “white lightning,” a type of bath salts, a synthetic drug, and believed that a helicopter had been trailing him, according to a Glendale police recording of the conversation. “I know this is gonna sound crazy, but I feel like there are people following me. I feel like there was a chopper, do you hear a chopper?” Mulligan said on the recording, which was obtained by The Times. “We don’t have a helicopter up in Glendale,” the officer replied.Officials with the Los Angeles Police Protective League, which represents LAPD officers, said the recording undercuts Mulligan’s version of his altercation with the LAPD officers, the subject of a $50-million claim he filed with the city, which is a precursor to a lawsuit…Mulligan alleged that the officers dragged him to a motel, threatened to kill him if he left and then, when they discovered he’d escaped, beat him so badly that he suffered 15 fractures to his nose and needed dozens of stitches.
Mulligan said he felt “a little paranoid” during the sometimes-rambling, 11-minute exchange. He told the officer that he’d recently purchased some bath salts at local pot shops. Mulligan said he’d snorted bath salts at least 20 times but, as of that day, had not used any for roughly two weeks. “How long does this stuff stay in your…system, man, how’s it legal!” he said on the recording…The officer described bath salts as “a close relative of methamphetamine” and encouraged him to see a doctor or drug counselor. “I mean, my wife knows,” Mulligan said. “OK,” the officer replied, “you need to get on top of this before it gets on top of you.”
Prosecutors are counting on recordings made by former Galleon trader Franz Tudor as key evidence against Zvi Goffer and other defendants in the wide-ranging insider trading case, new documents reveal.
The more frequently you monitor your portfolio, the more likely you are to observe a loss.
This is likely to cause short-sighted decisions and could hurt your investment performance.
If you are checking your portfolio more than once per quarter, you’re doing it too much.
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Dan Egan, Betterment Director of Behavioral Finance and Investing