Wednesday, 1 October 2014
Last updated 4 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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...