Goldman Sachs Exec Indicted on Rape Charges

Goldman Sachs
Goldman Sachs
Just as Mitch McDeere (Tom Cruise) defeated The Firm by tying overbilling practices to US Postal laws, maybe Goldman Sachs will be taken down by a loophole, rather than overt crimes.  Of course Goldman Sachs won’t be taken down by alleged rape crimes of one employee, but maybe there’s an eager prosecutor somewhere out there that can take a cue from Hollywood and think outside the box.

Goldman Sachs managing director, Jason Lee, has been indicted by a grand jury on charges of raping a 20-year-old woman during a party last week at his rental house in the Hamptons area of Long Island, according to court filings.  Lee was indicted on Wednesday on one felony charge of first-degree rape and two misdemeanor charges of assault and sexual misconduct.

Police said last week that Lee was arrested on Aug. 21 in East Hampton, New York, after police found a woman, who alleged she had been sexually assaulted. Lee was released on $20,000 bail.

The court documents do not name Lee’s employer, but Reuters has verified that he works at Goldman Sachs. In addition, a financial industry regulatory authority record shows that Lee has worked for Goldman since March 1998. A biography posted on the Milken Institute website states that Lee “led many of the firm’s most complicated financing and risk-management transactions for corporate clients” as a manager of convertible and equity derivatives. Goldman Sachs declined to comment.

In 2011, Goldman Sachs devised new measures to save its reputation, which included the following:

To ensure that our values are embedded in the activities and decision-making of our employees, we must repeatedly emphasize the importance of the firm’s culture.Instilling a sense of shared values across the firm requires that we constantly and rigorously emphasize, both formally and informally, our culture and each individual’s responsibility for it.The firm will use milestones in people’s careers as opportunities for targeted training on the Goldman Sachs culture.

Either Lee didn’t get the memo, or the “Goldman Sachs culture” is all about rape.  You be the judge.

According to the court filings, Lee is scheduled to be arraigned before Judge Barbara Kahn in Suffolk County Court in Riverhead on Sept. 20.

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