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]


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]