Because John Duffy, the Chief Executive Officer of investment bank Keefe, Bruyette & Woods is a married man, some people, such his estranged wife, would like to know why he "lavished millions of dollars' worth of homes, jewelry and sexy outfits from Victoria's Secret on stunning women in three different countries." Kathy Duffy thinks she already has the answer (the trinkets were part of his "public and notorious adulterous relationships") and for that reason has chosen to demand more than $20 million in divorce proceedings that have taken place so far. But she's wrong! John AKA "Duff" wasn't cheating on her with these ladies and his reason doesn't even involve invoking the law of different area codes. Those homes he bought in Yonkers and CT? Those Rolexes and "educational supplies" and the mesh chaps? Those weren't gifts for his gal-pals, those were investments!
"[Kathy Duffy] charged adultery -- we're getting into Tiger Woods territory," a source said, adding that the three women have been subpoenaed to testify in court. One of Duffy's alleged trysts involves the tattooed, blond lead singer of a rock band, a source said. The singer allegedly netted a $73,000 car, a Rolex watch and other gifts from Duffy totaling more than $770,000, the source said. Duffy, nicknamed "Duff," has claimed that he had met the woman by chance in a Manhattan bar and decided to bankroll her music career. His wife also claims that another woman received a $345,000 condo in Yonkers and a Connecticut spread worth more than $465,000, the source said. The homes were both bought within the past eight years. The third woman received a home in tropical Santo Domingo in the Dominican Republic, a source said. Duffy also bought her furnishings, paid for her educational expenses, a car and other gifts totaling more than $800,000, his wife claims.
John Duffy has denied engaging in any sexual affairs, claiming the homes and gifts he bought for the women were "investments," a source said.
Hope this cleared things up.