Hedge Fund Manager Allegedly Victimized By Strippers

Jun 13 2014 | 10:07am ET

An unidentified hedge fund manager is among at least four men allegedly drugged and ripped off by a group of New York strippers.

Four strippers and a strip-club manager have been arrested for the alleged scheme, which prosecutors say cost victims almost $200,000. According to the indictment, the quartet would “fish” for victims at ritzy bars in New York City and on Long Island, texting the “worthy targets” to meet up later. Then, they would allegedly drug the men and take them to one of two strip clubs, Scores in Manhattan and Roadhouse NYC in Queens.

Once there, the strippers allegedly took the men to private rooms where the men handed over their credit cards.

When the men woke, they apparently remembered nothing—until their credit card bills arrived. And if they complained, they were allegedly threatened with incriminating pictures taken during the forgotten nights.

“The defendants were banking on the victims being too afraid to contact the police, but as the indictment and arrests show, they made a serious miscalculation,” prosecutor Bridget Brennan said.

Police say they believe other men may have been victimized by the scam, which ended following an eight-month investigation by both New York’s cops and the Drug Enforcement Agency. Prosecutors identified stripper Samantha Barbash as the ringleader, and said the fraud ran between September and December of last year, although it could extend back as far as 2011.

The hedge-fund manager caught up in the matter appears, at least, to have gotten off relatively lightly: Most of the money allegedly stolen was from cardiologist Zyad Younan, whose credit cards were charged more than $135,000 over four nights.

A lawyer for one of the strippers, Samuel Gregory, said his client, Roselyn Keo, did nothing wrong.

“Guys get drunk and spend up all their money and then wake up the next day and realize they spent all their money foolishly, and all of a sudden, it’s a crime,” he told the New York Post.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…