He’s Good At Hiding His Love For Cocaine And Strippers… But Not “$100,000” Good…

October 1st, 2007 | by MG | (Visited 59,413 times)

Smiling for 100 thousand reasons…Wow, talk about a whopper! Came up on this one today and was just completely blown away at how stupid people can be. Ok, so you like strippers and prostitutes. So you like cocaine. Do you honestly trade the wealth of folks out there on the stock market, but fail to give enough forethought to realize that this may indeed be a bad investment on your behalf?

I guess not.

Here’s the breakdown:

A hard-partying Wall Street trader and his ex-girlfriend are in court over an allegedly broken $100,000 promise to keep on the straight and narrow.

Elisa Kwon accuses her former beau Greg Calvino, 45, of reneg ing on a pledge he had made to not “use drugs, stay out late, frequent strippers or prostitutes.” The 30-something Kwon insists Calvino had vowed that if he ever did any of those things again, she could cash a $100,000 check he had made out to her.

After Calvino’s allegedly debauched boys’ night out at a strip club in March 2005, that’s just what Kwon did.

But a fuming Calvino filed suit in Manhattan Supreme Court in late July to get his money back – plus interest, legal fees and damages – claiming the whole thing is an extortion attempt.

Calvino claims Kwon had threatened to go to his bosses at RBC Capital Markets, where he was a stock trader at the time of the intemperate night out, and make up tales of drug use “with strippers and whores.” He claims he wrote the $100,000 check to protect his career and reputation, and that she cashed it for no apparent reason.

She said she cashed the check in November 2005, after he went out with fellow RBC traders to ogle the girls at Flashdancers and do cocaine that March.

What’s more, he failed a store-bought drug test of his urine, she claims.

In an affidavit, Kwon attached what she claims is the text of a long instant-message conversation she had with Calvino in which he appears to cop to doing drugs and visiting strip clubs and tells her to keep the cash.

After initially writing that he was “sorry I was irresponsible last night – but I didn’t do the bad stuff,” and that he was not “stupid enough to jeopardize our future,” Calvino explains he was only “drunk/bombed [on] Jack [Daniels],” according to the text transcript.

Kwon reminds him of the “$25 Rite-Aid” test – “it’s POSITIVE.”

Calvino then appears to blame one of his trading buddies: “He put it in my face.”

Later in the instant-message exchange, Calvino confesses to going to Flashdancers after a charity event with four colleagues, the text shows

Calvino and Kwon, who dated for two years, broke up in April 2006.

Guys, you listening?

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Comment by crowed
Oct 01, 2007 1:01 PM

Well, 100,000 in Manhattan dollars is like, what, 2,500 in normal people money?

Comment by Rob
Oct 01, 2007 9:52 PM

He should just be glad he didn’t put that it was in Canadian dollars. He’d be screwed even harder right now.

Comment by b4
Oct 01, 2007 1:02 PM

He’s likely pulling in 400k+/yr, this isn’t the end of the world but no doubt a pain in the ass

Comment by kybo
Oct 01, 2007 1:03 PM

He’s dumb. She wins. He gave her a cheque and an If-Then setup. He completed the If. She followed the Then. Now he’s mad.

Well played, Bonehead. Well played.

Comment by Rob
Oct 01, 2007 1:04 PM

There’s so much stupidity going on in that story that it’s hard to know where to start.

Comment by Mike
Sep 03, 2009 11:54 AM

I’ve heard of some silly lawsuits, but this takes the cake.


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