Vikram Pandit's former right hand man to be charged with paying some women for the use of their right, and probably also left, hands.

And to think we were about to call a wrap on this week...

John Havens, Citigroup Inc.’s former president and chief operating officer, has been caught up in the same prostitution bust that has also ensnared New England Patriots owner Bob Kraft.

The names of Havens and Kraft were on a list of 25 men being charged for soliciting prostitution in a probe that spans multiple agencies, according to the police department in the city of Jupiter. Police cited video evidence from inside the Orchids of Asia massage parlor, and a broader investigation throughout the state has seen other charges brought.

If you had told us that there was a betting pool for which one of the guys who made millions at the height of the mortgage crisis would get picked up in a sting at a South Florida rub n' tug parlor, we would have put all of our money on Mozilo. 

So let this be a lesson to us all: Don't gamble on stuff like that.

But seriously, maybe they got the wrong guy?

“I have no idea what you are talking about,” a man who answered a listed phone number for Havens said when reached by phone. He then hung up and additional calls weren’t answered.

The entry on the list released by police matches Havens’ middle initial and date of birth. Havens has a home in Florida near Jupiter.

Well, if this is the same John Havens, we can only assume that he will wriggle free of this whole thing by hiring some lawyers, starting his own massage parlor, getting acquired by the original massage parlor, hire Vikram Pandit to manage the massage parlor, take a huge salary to be the guy who buys the lotion and then blame the whole thing on Vikram when the cops show up again.

Ex-Citigroup President Havens Caught Up in Prostitution Probe [WSJ]

Related

Vikram Pandit To Get Back In The Hedge Fund Saddle Again, At Some Point

Just a question of which hedge fund he'll be riding-- his own or his former Old Lane colleague's. The buzz on Wall Street is that ousted Citigroup CEO Vikram Pandit will return to the hedge-fund world. UK hedge fund Portman Square Capital declined to comment on chatter that its founder, Sutesh Sharma, is eager to nab Pandit for his new firm. Sharma, a former money manager at Pandit’s now defunct Old Lane hedge fund, launched Portman this year with $500 million...Pandit is viewed by the hedge fund community as a rainmaker due to his ties to deep-pocketed investors. “I wouldn’t be surprised if he felt the timing was right to join an existing fund . . . or start his own fund,” said Robert Olman of hedge-fund search firm Alpha Search Advisory Partners. Thinking ahead, how much do we predict Citi will pay to acquire Portman Square (or Pandit Partners) in order to lure Big Vik back, which is kind their thing? Last time around it was $800 million so they'll probably have to offer at least $2bn. Pandit Packing For London Hedges [NYP via FINalternatives]

Mike Corbat's Wife Is Gal-Pals With The Wife Of One Of The Guys Abruptly Fired The Day He Was Named CEO, And Other Things Making His First 100 Days At The Top Awkward

Over at the Journal today you will find a story called "Awkward Spot For Citi's CEO," which details the various awkwardness encountered by Mike Corbat since he took over as Chief Executive Officer, following Vikram Pandit's awkward ousting. There is also a delightful bonus round of awkwardness that comes as a postscript to the article, but we'll get the that later. First, why are things slightly awk for Corbat? Well, for starters, he knew that Pandit was going to be unexpectedly and unceremoniously fired long before VP did, including the entire time they were on a business trip together. The whole time they were flying over there together, having dinner together, meeting with clients together, taking in shows and doing touristy things when they had downtime from the conference together, he knew Pandit was about to get hit by a truck. No one blames Corbat for Vickles getting canned but, at the same time, there is a feeling by a few at Citi that you'd have to be some kind of monster to look a person in the eye and say "Sure, a trip the the Zen Temples sounds great," and take in the cherry blossoms and drink sake and do karaoke and fight over who is Scarlett Johansson and who is Bill Murray with him all the while knowing what was going to happen when you got home. For Vikram Pandit, a trip to Tokyo for the International Monetary Fund and World Bank conference last month seemed routine. But Michael Corbat, the longtime Citigroup executive who joined Mr. Pandit there, knew better. Unbeknown to Mr. Pandit, Citigroup Chairman Mike O'Neill had told Mr. Corbat that the board could seek Mr. Pandit's resignation as chief executive and hand the job to Mr. Corbat, according to people familiar with the situation. A day after Messrs. Pandit and Corbat returned to New York, that is exactly what happened. A host of financial, competitive and regulatory issues confronts the 52-year-old Mr. Corbat atop the nation's third-biggest bank by assets. But no task is more critical than soothing workers unsettled by the way the board ousted Mr. Pandit and his longtime right-hand man, John Havens, who ran the investment bank and served as president and chief operating officer. The effort is made even more delicate by Mr. Corbat's proximity to Mr. Pandit in the days before the coup. Executives say they don't blame Mr. Corbat for Mr. Pandit's overthrow, though some wondered how Mr. Corbat was able to sit through the IMF meetings knowing what was to unfold. Additionally awkward is the fact that there has been chatter around the office and scrawled on the walls of the men's room that there's only enough room in this Citi for one guy named Mike, and it's not Corbat. Adding to Mr. Corbat's challenges is the perception among some insiders that he is overshadowed by Mr. O'Neill. Employees have privately joked that of the two Mikes, it is Mr. O'Neill who is truly in charge. People close to Mr. O'Neill dispute that notion and say he has spent little time at his Citigroup office in the past month. Finally, you have the awkwardness of Mike not only knowing his colleague Vikram was going to be fired, but that his colleague and friend, John Havens, was getting the boot himself, which may or may not have caused auxiliary awkwardness for Corbat on the home front. Mr. Corbat's position is all the more awkward given his close personal relationship with Mr. Havens. The two men spent time together outside of work, occasionally vacationing with their wives at Mr. Havens' Scotland estate. All good examples of things that could be characterized as awkward to be sure. But! The absolute most wonderful bit of awkwardness to be found in "Awkward Spot For Citi's CEO," is, without question, this: