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Op-Ed: From Goldman Sachs to night club sex

By Alexander Baron     Sep 12, 2011 in Crime
A former broker for Goldman Sachs is on the run after being sentenced in absentia to six and a half years in gaol. Max Keiser will love this.
Remember Max Keiser’s famous rant? Goldman Sachs are scum! They are financial terrorists; they should be put in prison. Now, he may get his wish, sort of, but first the authorities have to catch up with the broker in question. If and when they do, there will be no weaseling out of it, because Robert Taylor-Barefoot has already been convicted and sentenced.
A short report in the Daily Telegraph on September 2 revealed that the former Goldman Sachs broker had spent investors' money on “high living and visits to Prince Harry's favourite nightspot Mahiki”.
He and his business partner Jeremy Wright were said to have duped clients into handing over nearly a quarter of a million pounds for them to invest in the stock market and hedge funds – read to gamble with their money and to be paid a fat commission for doing so. This sort of lucrative pastime is money for old rope, but for some people, “honest” greed is not enough, so he blew this money on champagne, night clubs and strippers.
Taylor–Barefoot and Wright denied conspiracy to defraud between July 2008 and December 2009. A week later, his local paper revealed that he had done the proverbial bunk while on bail, and was sentenced to six and a half years’ imprisonment in his absence. His partner-in-crime decided to take his punishment like a man, which may be why he was sentenced only to four years.
Meanwhile the police are hot on the trail of Taylor-Barefoot; they have already called on his estranged wife, but she says she hasn’t seen him. Perhaps that has something to do with those night club strippers? Maybe they’ll catch up with him if they can tear themselves away from really important matters, like arresting old women who have the temerity to put golliwogs in their bedroom windows.
The truly amazing thing about this case is that the 33 year old had 11 previous convictions for dishonesty, which may explain how the Federal Reserve has managed to “lose” 9 trillion dollars. If the banks are unable to perform the most basic due dilligence on their staff, how can they be trusted to create the credit without which all nations would grind to a halt?
This opinion article was written by an independent writer. The opinions and views expressed herein are those of the author and are not necessarily intended to reflect those of
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