New York Post

Quitting bank a Sage moveove

-

SAGE Kelly, the investment banker whosee esestrange­d wife claimed he pushed her into sex swaps and binged on hardcore drugs, has quit his $7 million-a year job at Jefferies. Kelly’s colleagues learned about his departure in a company memo Wednesday. “Given everything that’s happened this just isn’t the time for 70hour weeks and constant travel,” a Kelly confidante told The Post’s Julia Marsh. “He’s really gratefulfu­l for the understand­ing of his clients,” the pal said, addingd the resignatio­n was voluntary. A Jefferies spokesman declined to comment. The news hit a day after the Wall Street bank announced a $93 million loss inn its fiscal fourth quarter. During that period, thee firm fended off bad press, including a swornn statement by Kelly’s estranged wife, Christina di Mauro, that the head of investment banking at Jefferies, Ben Lorello, was part of a group who useded cococaine with Sage. Lorello denied the claims. During his divorce, Sage was forced to take a leave of absence.ce. He remained out of work after announcing a settlement with his ex in November. The sleazy saga started when Sage allegedly planted cameras in his Fifth Avenue padpad this past summer in a bid to get custody of his kids.s. But the plan backfired and Christina took revenge in court papers. A Jefferies insider said the company just wants the Kelly drama in its rearview mirror. Lorelo and other employees named in the suit will keep theirr jobs, the source said.

Newspapers in English

Newspapers from United States