Former Lehman Investment Bank Chief Says His Arrest For Forging Oxycontin, Ritalin Prescriptions Was A "Misunderstanding"


From time to time around these, parts, we like to check in to see what's been a-poppin' with Lehman Brothers alums. Former Chief Executive Officer Dick Fuld, amazingly, has started a new firm called Matrix Advisors. Former COO Joe Gregory eats lunch every day in his local diner and tells people he used to fly a chopper to work. Former CFO Erin Callan takes spinning classes in the Hamptons and is said to be co-habitating with a firefighter she's known since high school. Former head of investment banking Hugh Skip McGee works at Barclays under the same title and in his free time writes tear-stained letters to his son's school, demanding the administration allow the boys dress in drag for a pep rally and fire the history teacher who injects "leftist invective" in the curriculum and might also be a lesbian. Today we got an update on another ex-head of investment banking (and also former co-COO), Bradley Jack, who's been having a tough time get his supply of Oxycotin and Ritalin.

Jack, 52, is accused of using a forged prescription at a Fairfield CVS pharmacy June 24 for 12 pills of the painkiller Oxycontin and nine pills of Ritalin, a drug used to treat attention deficit disorder, said Lt. James Perez of the Fairfield Police Department. A store employee followed the suspect outside the pharmacy, watched him get into a black Range Rover and drive away, Perez said yesterday in a telephone interview. The employee reported the license plate number of the vehicle to police, who traced it to two residences -- one on Sasco Hill Road in Fairfield and the other on North Avenue in Westport, according to Perez.

Police said that at the CVS drugstore, the pharmacist “immediately became suspicious” of the customer, told the man to come back, and called the doctor’s office in Westport that was listed on the prescription, Perez said. The physician’s office confirmed the prescription wasn’t valid, and the pharmacist notified police, according to Perez. Police contacted the suspect, who voluntarily came to police headquarters for questioning, Perez said. He matched the description given to police -- a 6-foot-tall white man in his 50s with salt-and-pepper hair, wearing a striped shirt and tan pants. “He readily confessed and said that he was sorry and that he shouldn’t have done it,” Perez said. “I don’t know if it was for him or someone else,” he said of the drugs.

Despite apparently confessing and being charged with second-degree forgery and forgery of a prescription pad, when asked about the situation, Jack told reporters the stories of his arrest "have some misunderstanding.”

Ex-Lehman Managing Director Bradley Jack Faces Prescription Forgery Charge [Bloomberg]
Owner of Most Expensive Home in Fairfield Arrested [Patch via BI]


Hedge Fund Chief Can See How People Might Confuse 'Was Meditating' With 'Was Arrested'

Li Yifei would like to clarify that she was not doing the latter.

Chicago-Area Investment Manager Is Incorrigible Maggot, Says His Grandfather

Allan Ash, pictured at left, is 95 years-old. He's lived through the Great Depression.  Hitler's rise to power. Pearl Harbor. Korea. The assassination of John F. Kennedy. He's got heart problems. Water on his lungs. No use of his legs. He lost his sight several years back. But you wanna know the biggest disappointment of his life? The fact that his grandson turned out to be a two-faced rotten bum who should count his lucky stars grandpa is only going after his ass in court and not on the streets. In papers filed in Manhattan Supreme Court, Allan Ash, 95, said he had just one condition when he gave the money to Geoffrey Richards earlier this year — that if he recovered from heart problems and needed any of the money back, his grandson would give it to him. Ash did get better and asked for $200,000 back in early April — but Richards refused to pay him a dime, court papers say. Now the grandfather who says he treated Richards like a son is suing to get back every penny. “He is a scoundrel. He loves money,” the fuming retired CPA said at his East Side home yesterday. “He is the greatest disappointment in my life.” [Ash paid] for a fancy boarding school for Richards, as well as college and law school, court papers read. He also paid for Richards to take vacations in places like Israel, Amsterdam, Greece, Italy and Sweden, the suit continues. After Richards’ graduation, Ash “continued to try and make life easier” for his grandson, giving him $600,000 over the past 14 years, according to the lawsuit. The money helped make Richards a success — he’s a managing director at a global investment firm in Chicago, making over $1 million a year, court papers say. He’s also the grandson Ash had wanted to handle his affairs when he died, so when heart problems and water on the lungs had him thinking the end was near this past spring, he loaned Richards the $950,000 — some of which he hoped would be used to arrange his own funeral services...When Ash got better, he asked for $200,000 of the money back, and Richards — who lives in a multimillion-dollar home by himself — refused, the suit says. “Lightning struck my heart,” Ash recalled. “I was enraged, betrayed.” He said he now plans to have another grandson who lives in New York handle his affairs, and wants the money back for that grandchild and another relative. ‘Heart woe’ CPA says kin reneged on $950K loan [NYP] Spoiled Grandson Won't Return My $950K, Angry 95-Year-Old Grandpa Says [DNAI] 40 Under 40: Geoffrey Richards [Crain's]