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

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.