|
Recommended Reading
The
Politics of
Heroin
by W. McCov
McCoy exposes basic hypocrisy in American policy making, and demonstrates
that, as long as powerful government bureaucracies work at cross-purposes,
America's drug problem will not be easily solved
|
|
Payer also accuses her husband of not only procuring drugs, but women as well, for other desk traders from major Wall Street firms. In the process, Payer said, cocaine became a kind of "payment for order flow" currency with which Sharpe's trading desk paid kickbacks to some of the biggest and best-known firms on Wall Street to get their business.
Rather than laundering drug money, the trading desk at Sharpe simply cut out the money part and begun using the drugs themselves as the firm's bribery currency.
William Kirincich is currently an in-patient at Sierra Tucson. He has been there since the beginning of September. Although speculative, this information has been confirmed by a number of sources. In mid-September, Santangelo, co-owner of Sharpe Capital and another man accused by Payer of doing cocaine, had a meeting with Kirincich after he temporarily left the clinic, according to Payer. Santangelo wanted him to return to his job at the trading desk and get involved in a New York City outpatient program at Sharpe's expense.
Many of the other traders at Sharpe were in up in arms about the decision, claiming that they themselves had done cocaine, but knew when to stop and did not want to deal with Kirincich's "wild mood swings." Not only was Payer fired, but she is also being sued for 8.8 million dollars, a loss for which the firm holds her accountable.
Some people say that though there is truth to Judy Payer claims about cocaine use at Sharpe, she is on a smear campaign because she got fired for losing the firm money and allowing large back-office bottle necks to form at the firm.
|
