Ex-Iseman Assistant Admits Stealing $45,000

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.”


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note