Former Employees Bickering In The Wake Of Pali Capital's Demise Fail To Remember The Good Times They Shared


Pali Capital said good night last month after former Bear Stearns finance chief Samuel Molinaro terminated talks to buy the place. Today Reuters has a piece on co-founder and chief executive, Bradley Reifler, who former employees and clients blame for the company's demise, claiming his "penchant for litigation helped destroy the bank he spent so many years building" (over the last ten years Reifler has apparently launched "dozens" of lawsuits against people and other companies). Those who used to work for the guy also seem to believe the fact that he could be a dick played a part in the firm's downfall ("He could make your life miserable," another former employee said. "He appointed himself head of everything, including compliance, and everyone reported to him," he said, adding, "If you crossed him, you didn't get a bonus"). And it is true that a hundred or so employees who left in the last year, which was cited as a "major reason" why Molinaro backed out of the deal. Many also believed Reifler spent too much money, and that the office and the firm in general "reeked of excess." It's all very sad! Reifler has apparently announced (on Twitter...) that he'll be "launching a new firm with 'non-criminal' partners" but things will never be the same. Pali Poker Nights, which featured dancers from the Rockettes and the Knicks? Those are done and while everyone's probably too angry to appreciate how good they had it, let us take two to remind you. Via some phenomenal pictures of PPNs past.

Richard Anthony, the Pali partner who made Pali Poker nights possible.

Pali Poker III [SheaSullivan]
Pali Poker IV [SheaSullivan]


Former Barclays Employee Sentenced To 52 Weeks In Jail

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 facing questioning for their own alleged misconduct should feel free to use. Just because one judge didn't buy it doesn't mean another won't). Mother-of-one and law graduate Rachael Martin, 24, ‘spent money like water' after getting a job with Barclays in Liskeard, Cornwall, where she was responsible for dealing with cheques. The stolen cash paid for a breast enlargement, thought to be worth £4,000, dental work worth £1,700, and liposuction, as well as nights out, drink and drugs. She has now been jailed after stealing £46,000 in just two months from her employers. Extravagances included £1,687.95 at the Windsor Place dental surgery in Liskeard, and £500 on unspecified cosmetic surgery at Harley Medical, the court heard. Martin also lavished £670 at exclusive jewellers Tiffany, and £506 on a pair of Jimmy Choo shoes. When she was arrested, Martin, from St Austell in Cornwall, told police she earned money as an escort in Bristol, adding that she was ‘a common prostitute’. But the claim was a cover for her criminal behaviour, said prosecutor Iain Leadbetter. Recorder Jeremy Wright jailed Martin, who has an eight-year-old son, for 52 weeks, telling her she had demonstrated a ‘concerted, clever and serious breach of trust'. Bank worker, 24, who stole £46,000 to fund boob job and party lifestyle told police she earned the money working as an escort [DM]

In Wake Of Exec "Accidentally" Stabbing A Cab Driver, Morgan Stanley Insists You Ask, "What Would The Post Say?"

A year ago this Friday, a Morgan Stanley banker named William Bryan Jennings attended a couple holiday parties, drank a few Coors Lights, and around 10:30PM hailed a cab and asked the driver, Helmy Ammar, to take him home to Connecticut. On the way, a hungry WBJ requested they stop at G&G Deli off 10th Avenue, where he bought "a 20 oz. bottle of Aquafina water, a sandwich and some Burger King cheesy fries." As the cab entered approached Jennings' hometown of Darien, a dispute reportedly broke out as to what the fare for the ride would be. Ammar claims that they'd agreed on $204 before leaving Manhattan, but once in Connecticut, Jennings said he'd only pay $50. Jennings claims that Ammar jacked the price up to $300 and was unhappy when the banker offered $160. Another matter of he said/he said is whether or not Jennings started shouting racial slurs at Ammar and told him, "I'm going to kill you. You should go back to your country!" (Jennings denies this happened and says that Ammar locked the doors and wouldn't let him out of the cab.) The one aspect of the story that is not in dispute is that as tensions flared, WBJ whipped out a pen knife he had in his pocket. For those of you reading from Morgan Stanley, this is where the teachable moments occurs: if you ever find yourself in a situation wherein you're winding up to stab a cab driver in the hand, stop and ask yourself, "Is this going to look bad in the Post tomorrow morning?" Jennings did not and now this is happening: