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Secretary Accused Of Stealing Nearly $2m From 98-Year-Old Wall Street Legend

posted: 7 months ago

Wall Street

At 98, a venerable banker still goes to the office, even after the name of the storied investment firm he once ran has faded from Wall Street.

The New York Times reports that William R. Salomon uses space and a secretary paid for by Citigroup, which swallowed his firm, Salomon Brothers, in a merger. It is the least that the banking giant can do for the son of one of three brothers who started the firm a century ago.

But federal prosecutors say that Salomon’s longtime secretary did him no favors. Karen Febles, his former assistant at Citigroup for over a decade, has been charged with stealing nearly $2m from him, according to a person with direct knowledge of the case.

Hit the link below to access the complete New York Times article:

A Secretary to a Salomon Is Accused of Embezzling

Week in Review: Ex-Goldman Trader’s Book Is Short on Details

A Tell-All on Goldman Has Little Worth Telling

image: © Emmanuel Huybrechts

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