Ira Chilowitz allegedly tried to make off with Morgan Stanley's list of hedge fund clients and the rates they get charged but got caught. Now he’s in jail. So now it's official. There is at at least one person who worked for Morgan Stanley who won’t be starting his own hedge fund or boutique investment bank.
According to court documents, Mr. Chilowitz is accused of sending a copy of the firm's administrative client list and its client rate list for the prime brokerage business in February from Morgan Stanley's offices in New York City to his personal E-mail account at his home in Virginia.
Mr. Chilowitz also is accused of engaging in a conspiracy with an unnamed co-conspirator to steal the client list and rate list, according to court documents. The unnamed conspirator isn't a Morgan Stanley employee.
Former Morgan Stanley consultant arrested [Associated Press in Crains]