Tag Archive | "victim"

Area Man Gets Three And Half Years Behind Bars For Telling Women He Worked At Deutsche Bank

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Pretend, for a moment, that you are the sort of male who would lie to a female to get what you wanted in the short term. If you figured a (fictional) gig on Wall Street might help you attain certain goals, which firm would you go with? Depending on who the lie was being told do, most hedge funds would probably be out, as a) they’re not household names to the general population and b) should the lady in question happen to know the firm of which you speak, a staff of <1,000 could pose problems should she know someone else who works there and decide to do a background check. Restricted to banks, Goldman would presumably be the (fake) employer many would go with,** unless they wanted to come off as “finance-y, but also man of the people” in which case it’d be Citi. Jay D. Singh chose Deutsche Bank, which apparently worked just fine for quite some time.

Jaitass Dhanoa, also known as Jay D. Singh, 27, preyed on women, using social-networking sites that included Match.com and IndianDating.com. Online, he wooed three Philadelphia women of Asian Indian descent with tales of high finance and high-class travels. He lied about his name, his background, his citizenship, his employment, and his intentions, federal prosecutors said. He said he worked for Deutsche Bank and the International Monetary Fund. He showed the women fake e-mails and a bogus U.S. passport. Dhanoa said he had pretended to be a U.S. citizen because he feared Indian American women would otherwise see him as a gold digger seeking an American wife only for the permanent-resident status marriage could provide.

One victim, engaged to marry him until another victim contacted her to disclose Dhanoa’s lies, described him as weaving a complex web of deceit and fake documents. The woman, identified in court documents as M.P., said he had schemed to trick her, her parents, and her brother into believing that his father was a U.S. general and that he had dual citizenship. “He created a relationship where I kept falling more and more in love,” the victim told U.S. District Judge Eduardo C. Robreno in a long, angry statement. She said Dhanoa at one point had presented her with an expensive diamond pendant. She later discovered he had paid for it with a credit card he fraudulently opened under her name. She said he also had conned a fourth woman and may have exploited at least 11.

Singh pleaded guilty to aggravated identity theft, bank fraud, and false representation of U.S. citizenship and today was sentenced to 3 1/2 years in prison which it looks like he’ll have to serve, unless Josef Ackermann can help a brother out.

Article courtesy of Dealbreaker

Cowen Managing Director Charged With Assaulting Sister Because She’s “Thin”

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Mary Sadrakula, pictured in both the glamour shot and mugshot at left, is a New Jersey councilwoman and a managing director at Cowen and Company. If colleagues have noticed that it seems like her head’s been in another place lately, it probably has, given that, in the last two weeks, she’s been charged with 1) assaulting her sister and 2) trying to cover up the incident. Why would a grown woman resort to physical violence- which included a punch so hard it broke a nose- toward anyone, let alone her own blood? According to the abused, it’s because Mary had an issue with the fact that her sis “is thin.”

What does that mean? Was Mary jealous of her sister’s slimmer waistline? Or, does she prefer her ladies with meat on their bones and was angry sis isn’t a little thicker? Unclear, but it’s what the victim told the police when they arrived at Mary’s house and found The Thin One sitting the driveway with a broken nose and broken tailbone, meaning whatever Sadrakula was pissed about, she was really pissed. The intensity of the (alleged) assault, however, is not the most impressive part of this story, which involves what Sadrakula, who is also a Bear Stearns alum, did to get herself additionally charged with “purposely obstructing the administration of law.”

After the (literal) ass kicking incident, the police received a call from Sadrakula’s house. The call presumably came from the sister, but when the 911 dispatcher answered, no one was there because, we’re going out on a limb here, Mary knocked the phone out of her sister’s hand. The dispatcher then called back, and the following exchange ensued:

911: Hi, this is the Clifton Police.
Mary: Yes, everything’s okay, there was a problem with my phone.
Voice in the background: Bull shit! She hit me!
Mary: Okay thanks, bye.

Apparently the “bull shit” line piqued the cop’s interest, so he called back again. Here’s how that second call went.

911: This is the Clifton police. What’s going on there?
Mary: Nothing, nothing. This is Councilwoman Mary Sadrakula. I had trouble with my phone.
911: Alright, everything is okay?
Mary: Everything is fine.
911: Alright, no problem.
Mary: When you called back I said that. I had trouble with my phone. So that was what the trouble was. Thanks so much for checking. I appreciate it…bye.

For the full effect, you must listen to the call, and hear the utterly composed tone to Mary’s voice. We’ll wait.

Okay, good?

Now, just take a moment with this. Other than not exactly thinking through the lie (do a lot of phones have problems where they accidentally dial 911?), this woman is good. It’s like, there’s this crisis going on, there’s a crazed sister in the background, Mary’s got blood on her knuckles and her hair is mussed up from the beating and she’s still out of breathe from her Raging Bull moment yet she immediately clicks right into corporate shmoozespeak. “Oh, hey, Officer Jim, how’s it going? Is Bob still with you guys? Haha, yeah, anyway, listen Jim, this was all just a big silly misunderstanding. Nothing to see here, move along. Yup, all good! Thanks so much! You guys do good work down there!”

Unfortunately, cops “can’t take the word of someone on the other end of the phone” and had to send someone to investigate the situation, where they found the sister who told them Mary had “gotten angry” at her because she’s thin. So Mare’s going to have to deal with clearing all this up but if the charges happen to affect her employment with Cowen, which appears to have pulled her bio from their website, though her name can still be found in other places– we’re thinking she shouldn’t have too hard a time bouncing back with a new shop.

Councilwoman Accused Of Assaulting Sister [ABC]
Council Meeting Draws Crowd [NJ]

Article courtesy of Dealbreaker

Husband/Wife Smith Barney Advisers Charged With Helping Themselves To Funds Of 81 Year-Old Greenwich Client Who Suffers From Alzheimer’s

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If you were a financial adviser hoping to make a name for yourself by ripping off clients, how would you do it? Clients get ripped off on the reg, so it’d have to be something particularly depraved, right? Right. The plan hatched by Paula Halloran, a New Canaan resident previously employed by Smith Barney, and her husband Michael Michelsen was pretty straight forward but it got the job done. Theirs was to steal money from an 81 year-old lady who perhaps would’ve caught on sooner, had she not had Alzheimer’s and dementia.

According to police, the fraudulent activity began in 2005. Funds belonging to the victim were paid to charities, credit companies and other financial institutions, then transferred by Halloran and Michelsen for their own personal use, police said. From April 2006 to November 2008, approximately $765,213 was misappropriated and stolen from the victim, police said. However, the actual amount of money taken was more than $1 million; the statute of limitations only offers a five-year window, preventing roughly a quarter of the million to be included in the report since the activity took place in early 2005, police said.

Halloran became the victim’s financial advisor sometime in 2004 but did not begin taking her money until 2005, the report stated. She was able to take advantage of the fact that the victim was not mentally stable and had her write checks for various reasons, including “charities” and “credit card companies.” One such “charity” supposedly involved something for firefighters; Michelsen is a Wilton firefighter, however, that department was not mentioned by police.

Luckily the couple has a legitimate excuse, which is that they needed some cash to cover their “personal finances” which included building a beach house in Block Island.

New Canaan Couple Charged With Larceny [New Canaan News]

Article courtesy of Dealbreaker

Financial Services Employee Explains Why He Inserted His DNA Into A Colleague’s Water Bottle

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Remember Michael Kevin Lallana? Name not ringing a bell? Okay try this: remember the Northwestern Mutual Investment Services employee who last January allegedly somehow got his jizz in a bottle, left it on a colleague’s desk where she drank it, got sick, and threw it out? And then a couple months later, allegedly released more “material” in the same lady’s drink, which she again drank, but this time paused to ask herself, “Am I crazy, or does this water have semen in it,” before sending it off to a lab to verify her suspicions? He was found guilty yesterday and today, we finally have some clarity on why he did it and how his victim found out.

First off, the discovery of the crime. The first time it happened, MKL’s coworker (identified only as “Tiffany G”) unknowingly took a swig and tasted what she “believed” to be semen but wasn’t sure. “I had a hunch that’s what it was, but I wouldn’t dream in a million years that’s what it was,” she said. The second time she decided to test her theory. After finding what appeared to be yet another bottle of water laced with semen, Tiffany took the evidence in question home and ran an experiment, wherein she “asked her fiancee to put his semen in a separate water bottle to see if that’s what she had tasted at work.” After testing the new sample and comparing it to the other one, she determined it was.

Just to be sure, Tiffany sent the bottle MKL had left for her to a lab to be tested, the results of which confirmed her hunch and ultimately got Mike convicted of assault and battery. Why did he do it? Well he found Tiffany to be quite the attractive woman. He wanted to get close to her but 1) he figured a hot chick like her would never go for a guy like him and 2) he was married so he decided this would be the next best thing.

Lallana admitted in a taped interview submitted to jurors that he ejaculated into the water bottle because “her lips had touched it…It was the closest I could ever get to someone as good looking as that without tampering with my marriage or hurting anyone,” Lallana said in the interview with Orange Police Department detectives.

Did he actually want her to, you know, drink it? Of course not. What do you take him for, some sick, maladjusted fuck?

“Can I honestly say I wanted her to drink it? No,” Lallana said in the taped interview. “Why I left it there, I don’t know.”

Only the water bottle knows.

Man Found Guilty In Semen Assault Case [IP]

Article courtesy of Dealbreaker

Opening/Closing/Holiday Bell: 12.24.10

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Insider Trading Plea-Case By Witness Unsealed (WSJ)
The documents unsealed Thursday relate to cooperating witness Karl Motey, a California-based investment consultant, and they provide insight into how he was ensnared in the investigation and within months began to help authorities in their probe into the activities of analysts, hedge funds and mutual funds, among others. The extent of Mr. Motey’s activity suggests that the insider-trading probe could expand in coming months. More arrests are expected next year. Mr. Motey was identified by The Wall Street Journal on Monday as a cooperating witness who taped conversations with employees and consultants of Primary Global Research LLC, a Mountain View, Calif., “expert-network” firm, in order to help federal investigators.

Goldman Adopts Long-Term Incentive Plan to Deter Risky Bets (Bloomberg)
The bank said it may grant bonuses that depend on future earnings, in addition to stock performance. The awards would go to “key employees” and be tied to a variety of financial measures including revenue, net income and return on equity, a gauge of profitability, the New York-based company said yesterday in a regulatory filing. Awards may consist of cash, securities or other equity-linked components, and carry provisions allowing their cancellation or return.

Whitney vs. Wall Street (NYP)
The week’s smackdown of Wall Street analyst Meredith Whitney continued unabated yesterday as more naysayers came out to challenge the star analyst’s recent comments that up to 50 to 100 US cities could default on their municipal bonds over the next 18 months. Matt McCall, president of Penn Financial Group, told Fox Business Network viewers that Whitney unnecessarily “spooked” the muni bond market.

Reindeer Like Rudolph Get Blitzen On Magic Mushrooms (The Sun)
Scientists have found that the animals regularly eat the mind-bending fly agaric fungi in the wild. And Rudolph, Donner, Blitzen and pals are often seen staggering around, making odd noises afterwards. Scientist Andrew Haynes believes reindeer deliberately seek out the mushrooms to escape the monotony of dreary long winters. Writing in the respected Pharmaceutical Journal, Mr Haynes said: “They have a desire to experience altered states of consciousness. “For humans a common side-effect of mushrooms is the feeling of flying, so it’s interesting the legend about Santa’s reindeer is they can fly.” He also said herdsmen drink the reindeer’s urine to get high themselves.

China Trade Minister Sees ‘Chronic’ Euro Debt Problem (Reuters)
Commerce Minister Chen Deming said the 750-billion-euro ($983 billion) rescue fund set up for crisis-hit EU nations and ongoing bond sales from these countries did not solve the problem as the money would have to be paid back at steep interest rates, the Shanghai Securities News quoted him as saying. “These measures just turn an acute disease into a chronic one, and it’s really hard to say whether these countries that are in deep trouble over the debt crisis can recover in the coming three or five years,” Chen was quoted as saying.

BlackRock Blames Credit Crisis for Clean-Energy Fund Outflows (Bloomberg)
“The new-energy market and related stocks were significantly impacted by the credit crisis,” Robin Batchelor, manager of the $2.9 billion BlackRock New Energy Fund, said in an e-mail. Reduced demand for energy and “the fact that governments were perceived to have many new worries on their agenda combined to create a difficult environment,” he said. New York-based BlackRock is the world’s largest money manager.

$750,000 Art Heist (NYP)
A sophisticated thief stole a home surveillance system — along with a gallery’s worth of Andy Warhol limited-edition prints and other artworks, high-end watches and jewelry — from the Meatpacking District apartment of a wealthy beef heir, sources said yesterday. Police declined to identify the victim, but sources said the heist was at the Ganesvoort Street home of Robert Romanoff, president of the Nebraska Meat Corp. His collection, which also included prints signed by Roy Lichtenstein and Carl Fudge’s original oil painting “Live Cat,” was pilfered sometime between Nov. 24 and Nov. 28.

Icahn Sued by Blockbuster Creditor Over Conversion of Equity (Bloomberg)
Icahn, his companies and investment funds including Icahn LP used “their position of power and inside information to sell their equity interests and essentially convert them into a potentially controlling” amount of debt because the notes allowed Icahn to gain control of Dallas-based Blockbuster “during and after it emerged from bankruptcy,” according to the filing.

Woman Found Dead At Home Of August Busch IV (STL)
A 27-year-old woman was found dead Sunday at a home owned by former Anheuser-Busch chief executive August Busch IV. Adrienne N. Martin, of St. Charles, was pronounced dead at 1:26 p.m., according to Suzanne McCune, administrator of the St. Louis County Medical Examiner’s Office. McCune declined to release a cause of death. Toxicology and other tests could take a few weeks. “There will be some tests that take some time to get results and nothing is finalized,” McCune said. A law enforcement source told the Post-Dispatch that the death was initially being investigated as a possible overdose.

Article courtesy of Dealbreaker

Morgan Stanley Guy Who Committed Hit And Run Provides Pretty Legit Excuse For Faux Pas

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Back in November, it was reported that last summer, Morgan Stanley financial adviser Martin Joel Erzinger, pictured, had driven over a doctor who was on his bike and then kept going, “until he reached a Pizza Hut parking lot, where he stopped and called Mercedes auto assistance to report the damage to his vehicle.” Dr. Steven Milo suffered damage to his knees and scapula, spinal cord injuries, bleeding to the brain, in addition to ‘disabling’ headaches and the possibility of multiple surgeries. The part of the story that was somewhat more shocking was that rather than be slapped with serious to quite serious charges, a court decided that for his crime, MJE would be hit with two misdemeanour traffic violations and restitution to the victim. People were somewhat outraged, to say the least. But! That was prior to hearing all of Marty’s side of the story.

“New-car smell” might have contributed to a driver losing consciousness in a July hit-and-run accident, his lawyers claim. Martin Erzinger was driving a new 2010 Mercedes sedan when he rear-ended bicyclist Dr. Steven Milo, about 1:30 p.m. July 3.

Erzinger’s attorneys say their client suffers from sleep apnea and fell asleep at the wheel before driving off U.S. Highway 6 and onto the shoulder near Miller Ranch Road, hitting Milo, who sustained injuries, from behind. Erzinger had purchased the car about a month before the accident. Accident reconstructionist John Koziol found in his investigation the sedan was emitting new car fumes, court documents said. It might have been a contributing factor, documents said.

Now, who feels like they judged too soon?

New Car Smell Cited In Hit And Run Case [DP]

Article courtesy of Dealbreaker

Stephen Colbert Threatens To Give Out Goldman Sachs Partner’s Credit Card Number Unless He Comes On Show

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While Stephen Colbert is all good with Wall Street bonuses, he is aware that 70% of American playa-hatas are not. He’d like someone making it rain this year to come on his show and make people understand why they money is deserved but so far no one has accepted his offer. Luckily, one of his writers found a lost credit card belonging to a Goldman Sachs partner last week. Specifically, the MasterCard of Buckley T. Ratchford, who was inducted into the Brotherhood of the Sach in 2006.

So here’s what– every night that Buckley does not appear on the Colbert Report to talk bonuses, Stephen will give out one number from his card. BTR presumably had the foresight to cancel his card after losing it but he probably would still prefer the digits not shared with the world? Anyway, last night was 5. Tonight, another body. A little bit about the victim– Buck was married in March (wife is a chef at Mas); he works in the global credit division at GS, is a graduate of Dartmouth, the London School of Economics, and Harvard Law.

The Colbert Report Mon – Thurs 11:30pm / 10:30c
Found Goldman Sachs MasterCard
Colbert Report Full Episodes Political Humor & Satire Blog March to Keep Fear Alive

Article courtesy of Dealbreaker

This Is Why Jeffrey Gundlach Is Awesome

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A lot people would probably tell you that bond investor Jeffrey Gundlach’s awesomeness stems from the staggeringly impressive sex toy and porn collection he kept in his office at TWC before he was fired/quit last year (itemized here). And while being Wall Street’s foremost dildo collector and having the entire Dr. Fellatio series, as in volumes 1-16, on hand is certainly something to admire someone for, it’s not actually the attribute that defines Gundlach or makes him stand out from the pack. Arguably, JG’s most defining characteristic– the one that just makes you want to squeeze his cheeks– is how much Jeffrey Gundlach loves himself some Jeffrey Gundlach.

As previously mentioned, Gundlach admits to “frequently” referring to himself as The Godfather or The Pope in emails and “occasionally sends reprimands to those who fail to use the monikers in addressing him.” He’s also asked people “what’s it like having lunch with a genius” (the genius being he, natch), and told Bloomberg, “I’m the guy who makes it rain in the desert.”

So it shouldn’t come as much of a surprise that in response to the press reports that the Justice Department is probing Gundlach’s breakup with TCW (specifically, the firm’s ensuing drop-out of the PPIP program) and TCW’s comment that it has been informed it, and not JG or DoubleLine, is the victim, that Gundlach and his people had this to say:

In recent press statements, TCW’s representatives claim that TCW is “the victim”. DoubleLine believes that the real victim is the U.S. taxpayers who were promised Jeffrey Gundlach as the key man to manage their funds while TCW was conspiring for months to fire Jeffrey and replace him with a manager that they did not want.

Sorry, people of America. We know how badly you wanted a piece of this.

Statement from DoubleLine and Jeffrey Gundlach [DoubleLine]

Article courtesy of Dealbreaker

Write-Offs: 11.24.10

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$$$ Diamondback is telling investors it’s the victim of a government “witch hunt.” [NYP]

$$$ Galleon’s Rajaratnam Loses Bid to Suppress Wiretaps [Reuters]

$$$ Madoff Trustee Sues Widow [Forbes]

$$$ That’s it for us today. Happy Thanksgiving. I hope you all have a great holiday. Even you! Brief posting/moral support for those working on Friday. If anyone gets charged/raided/arrested/or inappropriately touched by the Feds, you know where to find me!

$$$ Crazy NYC Corner Store Fight Is Crazy [Deadspin]

Article courtesy of Dealbreaker

Wells Fargo Really Sorry About Repossessing A Woman’s Fully Paid Off Car

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Sorry enough to supposedly have John Stumpf call the victim and apologize though not sorry enough to return it will a full tank, she says.

[via HP]

Article courtesy of Dealbreaker