Last month, we noted that a group of UBS employees who “worked in operations and were responsible for securities movements and payments” had been escorted out of the building and told not to come back “pending an internal review into their conduct.” Now we’ve been informed they were recently told not to come back, period. If you’re a current employee or about to join the firm and are unclear on the rules, know this: it turns out UBS does in fact frown upon skimming some off the top for yourselves. “The employees were transferring securities that UBS held to personal accounts and then just selling them in their personal account.

If you watched the HBO version of Andrew Ross Sorkin’s book last week, what kind of tears did you shed while watching? Tears of joy because you loved it so much? Or the kind that slipped down Moe Tkacik’s face “because it was just that unbelievably bad”

Unless the Wilpons think they can come up with $200 million, in which case they’d better start sending Irving Picard a daily Edible Arrangement now . Einhorn has agreed in principle to purchase roughly 33 percent of the team for $200 million, which will infuse cash and keep the organization solvent in the immediate future. In three years, according to the source, Einhorn has an option to up his stake to 60 percent, although principal owner Fred Wilpon and his family have an opportunity to block Einhorn from gaining that majority stake

According to Absolute Return, despite not cracking the Top 5 places for hedge fund hiring (NYC, Chicago, Boston, Dallas, Stamford/Greenwich/Westport), “hiring patterns indicate that Minnesota is the new up-and-comer hedge fund state, with a fistful of firms actively luring strong senior talent.” [ AR ]

Something that apparently constitutes a ‘trophy pad’ to some people. Over the holiday weekend, the Post ran an article about New York men who use their “luxury apartments to attract the ladies,” in which several dudes were interviewed about their abodes’ abilities to get them laid. One of them was well-known comedian Jim Norton, who was obviously fucking with the paper when he said stuff like: “Women see windows — and skirts come off.

Mahmoud Abdel Salam Omar, 74, chairman of El-Mex Salines Co [and] the former chairman of the Egyptian American Bank and the Federation of Egyptian Banks, was arrested yesterday after a 44 year-old female maid alleged he attacked her May 29, according to a police department spokesman. Officers were called to the hotel, located in midtown Manhattan, after she informed security of an alleged incident when she went to Omar’s room after he requested tissues.

2nd banker in hotel sex bust (NYP) Mahmoud Abdel-Salam Omar — the 74-year-old former chairman of Egypt’s Bank of Alexandria — allegedly groped and “gyrated” against the maid in Room 1027 at The Pierre hotel on Fifth Avenue, a law-enforcement source told The Post.

$$$ Bill Gross : Debt Solution ‘A Few Years Away,” Dollar ‘At Risk’ [CNBC] $$$ Fire your hedge fund, hire your Congressman [Barron's] $$$ RIL-DE Shaw venture to offer entire spectrum of services [Business Standard] $$$ In Brazil, The Bikini Wax Is A Harbinger Of Inflation [BusinessWeek] $$$ Pickens: We’re fueling terror by paying OPEC [CNBC] $$$ That’s it for us today. We’re off Monday for the holiday, enjoy the long weekend and see you on Tuesday! $$$ Roubini Sees Stock-Correction ‘ Tipping Point ’ [Bloomberg] $$$ Shadow Banking Makes A Comeback [DealBook] $$$ HSBC Shareholder Vent Anger [WSJ] $$$ William Ackman said he found Harvard College “a pretty WASPy place.” “So what did I do? I joined the crew team to meet some other Jewish kids.” The chief executive officer of Pershing Square Capital Management LP gave a rather intimate biography last night — beginning with his circumcision, ending with marrying a Jewish girl (to his parent’s delight) — as the keynote speaker of the Hillel Renaissance Award dinner

Getting out of town for the long weekend? If you’re traveling by plane, perhaps we should take a moment to review a couple of items the FAA is not cool with you stashing in your carry-on. Gulf-clubs.

A new startup called Project Slice wants to make all those receipts in your email inbox genuinely useful. Similar to what Mint does for your personal finances, what TripIt does for your travel plans, and what services like Manilla do for your bills , the Palo Alto, Calif. company aims to make it easier to actually see all of your purchase information in one place, rather than struggling to find it on the right website or email