Wednesday, 24 December 2014
Last updated 10 hours ago
Aug 21 2008 | 9:12am ET
A former assistant to private equity honcho Frederick Iseman has pleaded guilty to stealing more than $45,000 from him.
Fatima Monahan—who is suing Iseman for sexual harassment—admitted to using Iseman’s credit card to buy expensive clothing, shoes, food, household items and Bergdorf Goodman gift cards. The Manhattan district attorney added that she also used Iseman’s Mercedes Benz without permission.
New York State Supreme Court Justice James Yates sentenced Monahan to five years’ probation and ordered her to pay $45,000 in restitution.
In April, Monahan sued the Caxton-Iseman Capital founder for $24 million, alleging Iseman told her about sexual relationships he had with other women, had her organize his collection of explicit pictures and ordered her to purchase and deliver to his apartment The Mammoth Book of Erotic Fantasies. Iseman responded with a countersuit alleging that she made more than $50,000 in unauthorized credit card purchases and forged 53 checks for a total of $150,000.
“She brought a salacious lawsuit against me and my firm solely to deflect attention from her criminal misdeeds and to attempt to embarrass me into paying her off,” Iseman said in a statement. “Her felony record now stands as conclusive evidence of her dishonesty and duplicity. That guilty plea and her felony record are the ultimate repudiation of her disgusting lies.”
Judge Yates noted that Monahan’s guilty plea “doesn’t affect the civil suit in any way.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.