Sunday, 21 September 2014
Last updated 1 day ago
Oct 15 2007 | 2:10pm ET
A former SAC Capital trader who alleges he was forced to take estrogen pills by his boss has added an explosive new allegation, one his lawyer says is backed up by “scientific evidence.”
Andrew Tong now alleges that he was sexually assaulted at his workplace and his lawyer, Gerry Filippatos, said that Tong has “scientific evidence to corroborate the traumatic events that form the basis of his claims,” including “medical reports,” according to the New York Post.
Filippatos would not elaborate on the assault claim, so it is unclear whether Ping Jiang, who Tong accuses of forcing him to take black-market female hormone pills and wear women’s clothing in an effort to “feminize” his trading habits, is the person accused of the sexual assault.
Tong has claimed that he and Jiang had sexual relations. SAC has denied all of his allegations.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.