HERE COMES THE BRIBE: Blockbuster; "SSB's Grubman perpetrated major fraud on the public"

NY POST ^ | 8/30/02 | JESSICA SOMMAR

[Liz]

Disgraced Salomon Smith Barney analyst Jack Grubman was so close to WorldCom Chairman Bernie Ebbers that he attended Ebbers' wedding - and then expensed the trip to his firm, records obtained by The Post show. A 1999 expense report shows that Grubman racked up a bill of $1,111.88 attending the Ebbers nuptials in Jackson, Miss., as well as meetings.

[Liz]

EXCERPT: "This is a blockbuster revelation," said Robert Heim, former assistant regional director for the SEC and a partner at Meyers & Heim. "It shows [Grubman] completely crossed the line between an objective analyst and personal friend when it came to WorldCom."

"It could open up a whole new avenue for criminal investigators to explore with regards to Grubman's undisclosed relationships with WorldCom officers," he added.

[Howlin]

By any chance, this wouldn't be Lizzie's father, would it?

If it is, I can't imagine a "family" having a worse "press week," can you?

[backhoe]

Guardian | Star analyst 'was involved in Global Crossing decisions'

Star analyst 'was involved in Global Crossing decisions' Oliver Burkeman in New York Saturday June 1, 2002 The Guardian The star Wall Street telecoms analyst Jack Grubman helped take important managem

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[Liz]

No, Jack Grubman is Lizzie's uncle. Her father is Allan Grubman, the lawyer for the music industry - Sony for one - and also for Martha Stewart

[dennisw]

This Grubman family is TV mini-series material.

[YaYa123]

Mini series material? No doubt, but equally interesting to me is the flow of information that produced this article. It stinks

The House Financial Services Committee supoenas material, in this case, a 1999 expense report. In a matter of days, a New York Post reporter receives it, gets damning comments on it from Robert Heim, former assistant regional director for the SEC and a partner at Meyers & Heim, and Christopher Bebel, former prosecutor and partner at Shepherd Smith & Bebel.

We are aghast at senators releasing classified information to reporters, we should save some spit for the leaking House wienies too.