I knew there was a reason I loved Jerome Kerviel and today that reason became crystal clear. As previously mentioned, the former SocGen trader admitted faking a buncha trades during his time with the firm. Now, there’s this: Continue reading »
should I not have done that
Jerome Kerviel Invented A Friend Named Matt, Built A Vivid Character Sketch Of The Guy
By Bess LevinEx-Merrill Employee Who Stole $780,000 From Firm, Bought Ferrari Most Likely Going To Jail For At Least Three Years
By Bess Levin
It turns out that not only is that “not cool” with most investment banks but judges don’t like it either. To add insult to injury, the one deciding this case did not see eye to eye with Steven Mandala and his lawyer’s argument that, in exchange for returning the money, he should get 1 to zero years downtown. Some people. Honestly.
Earlier: Ex-Merrill Employee Who Stole Money From The Bank, Bought Ferrari Had Good Reason To Do So
Now, before you get huffy and think: 'Big time baseball player touching boobs he's not supposed to,' just take a breather.
It’s not money trouble, so that’s a good thing but it is sexual harassment-type trouble, which is unfortunate, especially given Nails’ declaration earlier this week that he’s ready to “once again claim his role as a productive member of society.” In fairness to LD, the incident in question took place last May, which was before he decided to stop shitting on the floor. It’s also before he was thrown out of his house, so reading through the suit by Jacqueline Massaro, Dykstra’s former “Estate Manager/Personal Assistant,” has got to hurt (memories, whatnot).
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Last week we wondered aloud whether or not former TCW CIO Jeffery Gundlach had been set up by his employer to look like a sex-crazed maniac. To recap, Gundlach is being sued by TCW for, among other things, conspiracy, unfair competition and theft of proprietary (Gundlach started his own firm last month, DoubleLine LLC). The other “things” are the items the firm claimed to have found by searching Gundlach’s offices (one in Santa Monica, one in LA), which included drugs, paraphernalia (“bearing evidence of recent use”), 12 sexual “devices,” 34 “hardcore pornographic magazines,” and 36 “hardcore sexually explicit DVDs and videocassettes.” The sheer volume of stuff seemed suspect to us (what could he possibly need with thirty-six different DVDs), and we felt that it was our duty to get to the bottom of the whole thing, by asking you people, in your professional opinions, if you thought the guy was set up. Although over 67% of you agreed that yes, TCW must’ve stashed the stuff in Gundlach’s office to make him look bad (or like he was operating a online wholesale sex shop distributor and keeping the inventory at his office), we’ve been informed that the answer is no. By Jeffery Gundlach. Who took ownership of the items in a letter to his new clients today.
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Also! I’ve spoken with someone extremely familiar with the matter, who was kind enough to provide me with a bit more specific accounting of the aforementioned items. Disclaimer: obviously, this is the sort of thing that, in lieu of having the actual DVD titles, description of the devices, etc, I would be forced to “imagine” whether or not Gundlach was a fan of, say, Backdoor Sluts 9. So I understand that you might automatically assume the following was made up straight from the mind of Bess Levin. But no: this is the stuff Gundlach kept in his office, for real:
