Area Trader Recommends Soul Cycle For The Getting Off Purposes

Literally. Wait, why? What do you go to spinning class for?
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The crucial question for potential investors in the SoulCycle public offering is whether the company has a true sustainable advantage: a unique factor that will get customers to keep paying more for SoulCycle than for its competitors...SoulCycle does seem to offer something unique: a sense that what it sells is more than a workout. Devotees of the chain cite benefits from their engagement with SoulCycle that go well beyond the physical...Eli Radke, a trader and sometime SoulCyclist in Chicago, described the experience as “strangely sexual.” [NYT]

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Convicted Insider Trader Garrett Bauer Hoping College Kids Will Help Him Get Off

Remember Garrett Bauer? For those who need a refresher, GB was a trader (who "mostly worked from home") who was charged last year for running a decades-long insider trading scam with an M&A attorney, Matthew Kluger, that involved stealing information from several law firms. (In April 2011, 20 FBI agents knocked on Bauer's door to arrest him which, while terrifying, didn't come as much of a shock-- the duo had recently become suspicious that the authorities were onto them and, naturally, went about destroying evidence, a process Bauer recounted to a cooperating witness in a conversation he didn't realize was being recorded, telling the CC: "My heart was beating ten thousand miles an hour. I went right up to my apartment and I broke the phone in half and went to McDonald's and put it in two different garabage cans. And someone was watching me. I thought it was an FBI agent. And I asked him, 'Do you know me? You look familiar.' And, like, I was so panicked. I literally didn't sleep that entire night...I can't sleep. I am waiting for the FBI to ride into my apartment. I am on edge all night thinking they are coming in.") Anyway, Bauer ultimately pleaded guilty and is set to be sentenced today. Though he could receive up to 11 years in the big house, a judge will be taking into consideration letters "expressing support or urging leniency" sent on Bauer's behalf, some of which were written by fans he's gained working the college lecture circuit the past few months, explaining to undergrads why they don't want to follow in his footsteps (hint: it involves sleeping on bunk-beds). “I’m here hoping you won’t commit the same crime I committed, insider trading,” Bauer told the students at NYU’s Stern School of Business in February. “I feel remorse. That’s why I’m here. It’s my way of trying to apologize to everyone for what I’ve done and try to make amends.” Bauer said he hopes that his “scared straight” message, delivered in 147 speeches since last fall at business schools, law schools, churches and synagogues, will move the judge to grant him leniency. Sentencing judges can consider whether a defendant has accepted responsibility and shown remorse for his acts. “I’m not blind anymore,” Bauer said in an interview. “I see how wrong it was, how unfair it was to everybody else that’s trading. You get away with it once, and then you think you can get away with it every time. I almost never considered the question of getting caught. It was more a question of let’s figure out a way to make money and not lose money.” Bauer spoke several times a week in person or via Skype at schools including Harvard University, Yale University, the University of California at Berkeley, the University of Texas, the University of Michigan and Duke University. He booked his own speeches, sometimes called “Confessions of an Inside Trader.” Bauer gave the same basic narrative in two appearances observed at NYU, as well as at Cardozo Law School in New York, Drexel University in Philadelphia and a Rutgers University class in Jersey City, New Jersey. Bauer, lean at 5-foot-11 and 145 pounds, favors button-down shirts and khaki pants. He speaks rapidly in a nasal voice, lacing his account with jokes...In every talk to students, Bauer discussed how 20 FBI agents came to his apartment to arrest him and how they played the tapes for him, as well as his time in the Hudson County Jail. He tried hard to show no emotion to violent criminals. “Saying it’s a scary place kind of understates it,” he said. “It’s the scariest place on earth.” At least one professor believes Bauer's talk scarred his students for life, which should count for something. And according to Sameen Singh, a recent Stern grad who will soon start a job at Morgan Stanley, U.S. District Judge Katharine Hayden ought to go easy on the guy, who is just another bro. “I was impressed by how human he was and how his friendships and relationships played a role in his crimes. My friends were quite taken aback by how similar he was to them. He came from humble beginnings, and he’s not a deviant mastermind criminal. He’s just a regular guy.” Prison-Bound Bauer Reprises ‘Confessions Of An Inside Trader’ [Bloomberg]

Area Big Time Banker Can't Get Laid In A Whorehouse, Wants People To Know About It

What would posses a person to do an as-told-to article about the fact that after "failing miserably" at trying to pick up women in bars while working late for a "big name investment bank in New York," he turned to a "sugar daddy dating site" to bang hookers on his nights away from the wife and kids only to fall for one who ultimately broke his heart, because she was a prostitute and didn't actually care about him? The answer, quite, obviously, is love. Love, and a hope that a certain someone will see your story and upon reading that you're completely and totally over her and beating off call girls with a stick, COME RUNNING BACK. I met a girl who said she was a senior at Columbia University. She was so hot. Long brown hair, light eyes, perfect little body. We started an affair and I would give her a $4,000 "allowance" each month to meet once a week for dinner, or just to sleep together if I had a deal or a really late night in the office. Sometimes it was an hour of "small talk and sex," which, really, isn't a bad deal for her. $1,000 for an hour to spend time with me. I felt like a stud, there's no denying that, and I knew that she didn't want anything from me but money. She would come and go away when I made the signal I was tired. Soon though, I started liking her more than I wanted to. She was smart and kind of had a sarcastic sense of humor I found funny. I asked to see her more and she asked for more money. I said I couldn't do any more than that, and she said she couldn't give more time. It was the first time I felt a little hurt, like: "This person just wants my money and probably thinks I'm some gross horny old dude." The next month, I gave her the envelope of $4,000 upfront instead of $1,000 each time. We had sex, chatted, drank some wine and she left. I never saw her again. She wouldn't pick up her phone, then her phone was disconnected, my emails to her went unanswered, and her profile on the site was gone. It was such a blow. Though, really, what the hell did I expect? I guess some warning. Yes, some warning would have been nice but whatever. It's not like you're still upset about it. It's not like there isn't a moment of the day when she's not on your mind. It's not like you lie in bed at night thinking about her holding you. No, no sweat off your sack, which you use to bang hookers six at a time now that whatshername is out of the picture. Working girls line the street to get paid to have sex with you! You don't even have time to respond to all their propositions! The Jiltee has become the jilter! You can't even remember [theloveofyourlife]'s name you're so busy plowing prosties. After that, I decided I was going to go for quantity and not quality. I want hot girls, but a lot of them and substance isn't a huge deal. I have been with dozens of girls, and I give them money each time I meet them. The funny thing is often these girls are chasing me to sleep with them again, because it's easy money, but I just scroll through and delete or ignore the messages most of the time. Men want to be with a lot of women; it is just the truth...Maybe that first girl was a wake-up call. I'm already married. I don't need a steady mistress. But I have one or two I always go back to if I can't find someone I like, which happens a lot....I'm not hurting anyone by doing this. I'm always safe and upfront if I meet someone and know it won't happen. I just pay for the drink and let them know and leave, like "No deal, sorry." It is just like any deal. You have to know how to close it and have to know when you're not interested in putting in the effort to see it through. Why This Married Wall Street Banker Pays For Sex [Buzzfeed]