The more one learns about the quotidian reality of working at Bridgewater Associates –the radical transparency, the ubiquitous surveillance, the wildebeest-eat-wildebeest team environment, the not-being-a-cauldron-of-fear-and-intimidation (-or-a-cult) – the more one is tempted to ask what kind of psychoactive substances it takes just to make it from 9 to 5 without killing yourself or others at the world's largest hedge fund.
Now, thanks to the Department of Homeland Security, we have an answer: industrial quantities of ecstasy. For 27-year-old former Bridgewater associate Joshua Lucas, the exact amount was 750 grams of x – a supply you'd rather not get caught signing for in the U.S. mail, as Lucas did last year. Still, employment at Bridgewater will, at the very least, provide you enough of a reputational (and monetary) cushion to get off without any serious jail time:
Lucas had pleaded guilty to a felony count of possession of narcotics with intent to sell and was willing to go to jail for up to three years for accepting the packages containing 750 grams of ecstasy. However, defense attorney Donald Papcsy brought to the Stamford courthouse a stack of “stellar” recommendations from numerous people who know Lucas, showing he destroyed what could have been a “brilliant” career, Senior Assistant State’s Attorney Joseph Valdes said.
The state also determined that the pound and a half of ecstasy – enough for some 4,000 generous doses, or about a week at Bridgewater – was for personal use. Then there's this:
After he signed for the packages, police searched Lucas’ house and found items consistent with operating a drug factory, a charge that was eventually dropped.
We're speculating here, but it seems like prosecutors must have viewed some of Bridgewater's terrifying promotional material and realized that what looks like a commercial drug factory to the ordinary man is just ordinary self-care for a Dalio disciple.
Former hedge fund employee avoids jail for ecstasy delivery [Stamford Advocate]