Booze: The Cause of, and Solution to, All of Life's Problems

So says Robert L. Miller, a former lawyer and money manager for the SEC who recently avoided a 20-year prison sentence for colluding with Marc Dreier in a Madoff-style ponzi scheme that bilked investors out of $400+ million, by telling the judge that he only did it because he was drunk. Case closed.

Yup. Miller's whole case rested on the fact that he was too drunk to know he was committing a crime. And it worked. Because he's like a chocoholic -- but for booze. I hope you'll join me in a standing ovation for his attorney. Oh, and if you listen closely, you'll be able to hear about 2 million jail cells opening and their occupants being excused.

The real kicker is that he had already plead guilty to conspiracy to commit securities fraud and wire fraud last year. The judge thought that his guilty plea was evidence that he was copping to, and accepting, his crime. Instead, he will live under "supervised release" for two years. What's more Dreier, his partner in crime and -- admittedly -- the mastermind behind the whole plot, will spend 20 years in the slammer.

I imagine the judge saying something like, "Whoa, whoa, whoa now ... DRUNK?!?! I'm sorry Mr. Miller, did you say you were DRUNK when you participated in this half-billion-dollar fraud?? Well, in THAT case, I think we all owe you a sincere apology. Lord KNOWS we can all empathize. How do you think I met my husband? You're free to go."

This is f**king awesome. The next time I have one too many Shirley Temples and drive my Honda through the NYSE, I'll do so with a giant grin on my face.

9 Comments
 

OMG!! someone get me his attorneys phone #! That is talent right there.

"The higher up the mountain, the more treacherous the path" -Frank Underwood
 

Nostrum soluta possimus corporis voluptatum. Et tempora facilis quia fuga labore voluptas. Error excepturi doloribus similique modi suscipit a modi. Quaerat doloribus ut in atque optio tempore voluptas. Doloremque ullam corporis aut assumenda qui et. Sed quia dignissimos iusto quidem unde. Quia at minima officiis itaque porro.

Adipisci omnis ducimus eos exercitationem minima qui. Officia ipsum qui voluptatum ut.

Ut alias sed similique minus inventore voluptate. Sint accusantium dolorum et et voluptates impedit nisi. Minus vitae reiciendis omnis eaque.

Natus veritatis sit nobis consequuntur. Eveniet laborum dolorem ut est ad consectetur. Illo cupiditate velit et expedita. Et doloribus accusantium qui. Quis animi quis asperiores voluptas sint molestias ut.

Yours truly, The Young Investor

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (45) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”