James McDermott (business executive)
Encyclopedia
James J. McDermott, Jr. was the former CEO and chairman of
Keefe, Bruyette & Woods
. He was arrested and charged with insider trading
in December 1999 by federal authorities.
He had revealed details about an upcoming merger in 1997 to his Canadian lover Kathryn B. Gannon, an adult films actress better known as Marylin Star
, with whom he was having an adulterous relationship. At the time of his affair, he had been living in Briarcliff Manor, New York
with his wife and children. McDermott remains married.
He finally settled by paying a fine and being barred from working in investments management.
Now his family is suing him on grounds that he looted the family trust while his mother fought Alzheimer's in a nursing home.
Read more: http://www.nydailynews.com/news/2009/10/04/2009-10-04_siblings_tell_sad_tale_of_exbanker_theyre_suing_for_raiding_family_trust_where_d.html#ixzz17om3xTZn
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods
Keefe, Bruyette & Woods, Inc. is an investment banking firm headquartered in New York City, specializing exclusively in the financial services sector...
. He was arrested and charged with insider trading
Insider trading
Insider trading is the trading of a corporation's stock or other securities by individuals with potential access to non-public information about the company...
in December 1999 by federal authorities.
He had revealed details about an upcoming merger in 1997 to his Canadian lover Kathryn B. Gannon, an adult films actress better known as Marylin Star
Marylin Star
Marilyn Star is an adult film actress.She worked as a student in Edmonton, before moving to Los Angeles and entering adult films. Her first film was More Dirty Debutantes 30 produced by Ed Powers...
, with whom he was having an adulterous relationship. At the time of his affair, he had been living in Briarcliff Manor, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
with his wife and children. McDermott remains married.
He finally settled by paying a fine and being barred from working in investments management.
Now his family is suing him on grounds that he looted the family trust while his mother fought Alzheimer's in a nursing home.
Read more: http://www.nydailynews.com/news/2009/10/04/2009-10-04_siblings_tell_sad_tale_of_exbanker_theyre_suing_for_raiding_family_trust_where_d.html#ixzz17om3xTZn