Goldman Sachs’ Managing Director Arrested on Rape Charges

For many outside the banking and investment world it’s difficult for Goldman Sachs to have a worse reputation, and often simply gets lumped together with “banks” regardless of specifics. Investment banks are, for many, just the root of all evil in the years following a financial crisis and the maxim that “money is the root of all evil.”

Goldman Sachs' Managing Director Arrested on Rape Charges

Goldman Sachs Banker, Jason Lee charged of raping a woman

News coming out of East Hampton, NY today is not going to help Goldman Sachs or bankers, for that matter, much.

According to the New York Times, Jason Lee, 37, was arraigned on rape charges in court in East Hampton on Wednesday and posted $20,000 bail, according to a court official and a statement issued by the East Hampton Town Police today.

Lee, is a managing director in Goldman Sach’s equity capital markets group, which handles initial public offerings. Officials at Goldman stated that Mr. Lee has been placed on leave following his arrest.

Police officers responded on Tuesday to a report of a disturbance at the four-bedroom home Mr. Lee and his wife had rented this summer just north of the Montauk Highway. A listing on the Web site of the real estate brokerage Douglas Elliman said the house rented for $33,000 for the month, and that it had been rented by the couple through Labor Day.

Details were not readily available about the case nor were court documents made public at the time of this writing.

Police officers were dispatched to the home following a report of a disturbance on Tuesday.

“While investigating, officers learned that a 20-year-old woman had been sexually assaulted inside the residence where several people had gathered,” the East Hampton police said today.

While there are media outlets that are reporting the accusers name, Value Walk will not be joining them in this reporting. Additionally, the police declined to say how the victim knew Mr. Lee or who else was present in the house.

Following the arraignment Edward Burke Jr., Mr. Lee’s attorney, said his client “adamantly denies the allegations levied against him.”

“We look forward to clearing his name in a court of law,” Mr. Burke said.

Mr. Lee has never been accused of any impropriety before

The attorney continued by stating that  Mr. Lee as an “investment bank managing director who has never been in trouble in his life, never accused of any impropriety at all.”

The doorman at Mr. Lee’s apartment building turned away a reporter from the New York Times seeking comment.