Drug Tester Gives Hedge Fund Run For Its Money Re: Talk Of Putting Employees In Body Bags

May 2010, Structured Portfolio Management founder Don Brownstein is said to "walk around [a] crowded conference room table while slapping the palm of his hand with a baseball bat, stopping behind [a trader] while stating, 'I'll kill you if you leave. The only way you can leave this firm is in a body bag.'" January 2012, Millenium Laboratories really cranks things up a notch re: suggestion of what fate will befall people who attempt to leave their company:
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May 2010, Structured Portfolio Management founder Don Brownstein is said to "walk around [a] crowded conference room table while slapping the palm of his hand with a baseball bat, stopping behind [a trader] while stating, 'I'll kill you if you leave. The only way you can leave this firm is in a body bag.'" January 2012, Millenium Laboratories really cranks things up a notch re: suggestion of what fate will befall people who attempt to leave their company:

The company not only is under investigation by the Justice Department for allegations of health care fraud but also for intimidating former employees, one who was portrayed in a slideshow at a company meeting as a corpse in a body bag...The body-bags picture was part of a PowerPoint presentation by Martin Price, the company's general counsel, the former employees said. He showed it at a national sales meeting in January in which Price described Millennium's success against its adversaries, according to one grand jury witness, former Millennium employee Jodie Strain. Strain said grand jurors gasped when the body-bag image was projected onto a wall during her testimony October 3. She said the toe tag identified the corpse as Ed Zicari, a former regional manager Millennium was suing. Appel declined to comment on the body bag picture. The United States attorney's office in Boston also declined to comment.

Other slides that were part of Price's presentation showed the logos of competing companies being riddled with bullet holes while gunfire sounded as if they were at a shooting range. Strain, a former senior sales representative, said the talk ended with an ominous warning: The company could not protect people who went "outside the Millennium family."

Exclusive: U.S. drug testing firm probed for alleged fraud, intimidation [Reuters via LaurenTaraLaCapra]

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2010's Best Performing Hedge Fund Manager's Next Big Investment Idea Involves Becoming A Landlord

Don Browstein is a former philosophy professor, the founder of Structured Portfolio Management (named the best performing hedge fund in 2010, after returning 49.5 percent and 134.6 percent in 2009), a guy who supposedly once told a trader "The only way you can leave this firm is in a body bag" while brandishing a baseball bat, and the person tenants will have to answer to if next month's rent is one day late. Don Brownstein’s Structured Portfolio Management LLC plans to start a fund to buy and rent out homes. The firm, based in Stamford, Connecticut, may introduce the fund to investors within weeks, Brownstein said in a letter to clients dated June 12, a copy of which was obtained by Bloomberg News. He didn’t say how much capital has been raised or targeted. “There will be a significant transformation in the way in which single family homes are owned and occupied in the United States,” Brownstein said in the letter. The strategy is to acquire homes through distressed sales and rent them out profitably, perhaps to the former owner, then “sometime in the not distant future, sell the houses and reap a profit from a recovery in prices.” Brownstein Plans Funds To Buy, Rent Out Homes [Bloomberg Brief]