Most Illegal (or unethical) Thing You've Witnessed on the Job

Lol definitely want to hear what some of you have to say about this. I'm sure there are some good stories out there.

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Comments (77)

Nov 9, 2018

Hah! Nice try, mr. SEC-man.

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Nov 26, 2018

"#ThotAudit"

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Nov 9, 2018

Stop it Karen!

"The higher a monkey climbs, the more you see of its behind."

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Funniest
Nov 9, 2018

My boss sent out a tweet one time while he was high as fuck talking about how he wanted to take our multi billion dollar firm private. Ended up getting investigated by the SEC over it but instead of providing more info he just live streamed himself getting more blazed. Shit was so cash.

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Nov 9, 2018

Found Elon's exit opp.

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Nov 9, 2018

Nice try nationals. These hands don't haze

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Nov 9, 2018

Lmfao I didn't expect ppl to think I was trying to find something out. Just wanted to hear some good stories.

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Nov 24, 2018

How do you do, fellow youths?

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Nov 10, 2018

In the office kitchen: saw a guy butter his bread; wipe the knife using his bread; then proceed to use the same knife to spread his strawberry jam.

This is why I support more regulation.

Absolute truths don't exist... celebrated opinions do.

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Nov 10, 2018

My boss looked up the smoke summer intern on fbook :0

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Nov 13, 2018

The sec is staffed by cucks

Nov 13, 2018

The IRS as well

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Nov 24, 2018

FACT

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Nov 13, 2018

I know the comments above are jokes, but it's funny that most people's first reaction to this post is basically locking all of their desk drawers and deleting files

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Nov 13, 2018

1: "If you caught someone stealing paper clips at work would you report it?"

2: "It depends, how many paper clips?"

1: "What about if you caught someone poisoning kids at work, would you then report it?"

2: "How many kids?"

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Nov 15, 2018

2: and how long till my bonus is paid, what kind of number are we talking here, am I still top bucket?

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Nov 13, 2018

i seen a client pay for a customer to get a bj

Nov 13, 2018

I saw my someone eat pizza with ketchup once. Had to report.

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Most Helpful
Nov 13, 2018

i sat next to and worked with Primary Dealer traders who colluded with traders at competing banks (but who were personal friends) exchanging confidential client bid info for US Treasury bond auctions (among other things) in an effort to game the auctions and maximize their personal trading profits (this was before all of the libor/gold/fx chat room scandals had become public knowledge).

A few years later (2016 i think) i saw a story in the WSJ about an investigation into the scandal of US traders at Primary Dealers sharing confidential info about client bids in an attempt to collude and fix US Treasury bond auctions...and crossed my fingers that i would never get a phone call from the FBI. Soon after the WSJ story, i got a call from 2 of those involved in the scandal asking to meet up for drinks...but then drinks got canceled and i never heard anything about it ever again.

just google it...you're welcome

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Nov 13, 2018

A Fairness Opinion.

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Nov 13, 2018

Was at a post-superday roundtable where we had to choose 5 SA's out of a pool of like 15 that we all interviewed that day. After 4 clear winners, we're down to a debate over the 5th slot. We take a vote, and this one guy has most of the votes to take it. However, the runner-up is female and the only MD in the crowd says we're going to pick her instead because firm management has been bugging the MD's to hire more girls.

Not sure if it was illegal but definitely unethical especially with the girl not even being attractive.

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Nov 13, 2018

ladies is pimps too

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Nov 24, 2018

True

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Nov 15, 2018

We were hiring 3rd year analysts and it came down to two candidates that were pretty close, the Director running the process said we are hiring the girl because we needed to increase the number of women in the team (and bank wide). Fully against the official rules (can't discriminate based upon gender, creed, minority status, etc), but what are you going to do? Side note, she was a really great hire.

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Nov 24, 2018

Everyone does that. It's also why a girl can get into Harvard Stanford and tbe identical quality guys best offer might be northwestern.

Having a pussy a huge leg up at getting your foot into the door.

Array
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Nov 26, 2018

Lol stop making shit excuses for your failures. Fact is you wouldn't be able to get in even if "you were a girl"

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Nov 30, 2018

Easy fix. Just don't get "voted on" because you are bottom bucket, be one of the first two thugs who everyone unanimously agreed on.

Nov 30, 2018

Yikes... Use me as a "this man just demonstrated the quickest path to losing all credibility" button

Nov 24, 2018

Why was it unethical?

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Nov 28, 2018

Gender discrimination is unethical, especially when not mitigated by attractiveness.

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Nov 13, 2018

Google Goldman Sachs and Jho Low

Nov 13, 2018

I started my career in WM for the employees of some big institutional clients. A lot of it was protecting them from themselves. I saw a lot of scumbag FAs prey on the financially illiterate.

The worst I ever saw was when some scumbag Primerica FA convinced a school teacher six months from retirement to cash in her pension (at an 8% discount rate!) for cash so she could buy a variable annuity from him. Of course this was in late 2008, and he had her put the money in a stock fund for the six months between cashing out and when she could access the cash.

We'd tried to tell her that this might not be a good idea, but she wouldn't listen until the Sh!t hit the fan. the recording of her sobbing was heart wrenching, but she'd brought it on herself. I didn't track her file, but that decision probably pushed back her retirement by five years.

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Nov 13, 2018

At my past job, our boss would bring in midgets and we would all take turns throwing them against a big target.

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Nov 13, 2018

" Judo originated in Israel."

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Nov 18, 2018
Ivan Boesky:

" Judo originated in Israel."

Judo originated in 19th century Japan and means 'gentle way.'

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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Nov 18, 2018

Krav Maga is the Israeli martial art.

Nov 19, 2018

@Isaiah_53_5 relax with the MS lol. You clearly haven't seen the movie since you didn't get the joke.

Nov 19, 2018

"Jew-do"?

Nov 19, 2018
Ivan Boesky:

@Isaiah_53_5 relax with the MS lol. You clearly haven't seen the movie since you didn't get the joke.

get yo wayne state ass out of here, boesky

https://swimmingworld.azureedge.net/news/wp-content/uploads/2017/11/ashleigh-allen-wayne-state-720x500.jpg

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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Nov 24, 2018

Someone hire her asap

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Nov 14, 2018

The bank I interned with a couple years ago had full-time Summers unpaid...needless to say it was 10 weeks of 84 hours a week on average for no pay haha. It was an awesome experience, but let's just say I stretched that $25 dinner allowance for breakfast and lunch the next day loooool.

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Nov 15, 2018

Didn't witness it personally, but a group of A&As from another team at my BB were fired for expense fraud. Big scandal on the floor, and these kids are basically barred from dealing with securities or providing IBK advisory services for life, over not a lot of money.

Nov 15, 2018

Wells Fargo? if so definitely not a BB haha

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Nov 15, 2018

Mate, that's just hurtful, I'd never work for Wells Fargo.

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Nov 16, 2018

What did they do? I feel like with the current technology/policy around expenses it's hard to get away with much unless you're very senior.

Nov 15, 2018

a Pharma bro that i knew took the price of daraprim from $13.50 per pill to $750 per pill. Same guy increased the price of EpiPen by 500% to $600 for a two pack. He also bought the Wu-Tang clan's album and took it private. Guy ended up going to jail for securities fraud.

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Nov 15, 2018

I thought he went to jail for that haircut

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Nov 16, 2018

RIP brother Martin :(

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Nov 24, 2018

Epi pen was merk.

Array
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Nov 16, 2018

I had an internship and I spent all 4 months eating off the one-day meal card. I complimented the nice gay dude's glasses frames and he let it slide. Didn't get a proper night's sleep all four months.

heister:

Look at all these wannabe richies hating on an expensive salad.

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Nov 17, 2018

I interned in ER a couple years ago. The analyst was releasing a report on a company the next day, for which he recently changed the recommendation from strong buy to hold the previous quarter. Next thing you know the CFO of that company calls the analyst and gives him insider information. Next day, the recommendation was switched back to a strong buy.

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Nov 17, 2018

hahahahahahahahaha thats hilarious.

Nov 18, 2018

I discovered a huge multimillion dollar case of theft which eventually led to me leaving the company due to whistleblower retaliation. Never sued because I didnt want that scarlet letter.

Nov 25, 2018

Any more details? Not specifics, but...what was the structure of the theft?

Nov 30, 2018

Multi-year multi-site materials theft at several industrial facilities. It was obviously orchestrated by one of a few people but it was swept under the rug for the VPs or SVP involved to be protected and a fall guy was demoted.

Nov 19, 2018

Let's just say you're a fool if you think "chinese walls" exist in accounting or consulting firms.

I've seen female staff get with married partners.

I've seen it the other way around as well.

It's a cesspool out there.

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Nov 24, 2018

Not illegal but sketchy but we used to be told not to write anything down and if you put notes in notebook to throw it in the shredder box after you're almost full and also after revisions put all prior drafts into the shredder. There were also plenty of times we knew things were sketchy (not illegal) and just knew not to talk about it or put it in email

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Nov 24, 2018

had sex with co-worker that was in long term relationship

Nov 24, 2018

I don't know why they call it "hostile work environment" when near every place of work has varying levels of hazing that leaves employees in poor physical or emotional health... I think that is pretty unethical!

Nov 30, 2018

When you are broken down they can rebuild a newer, better version of you.

Nov 24, 2018

Here goes nothing hahaha:

I was interning at a BB and a couple VPs took me under their wing since I was a sophomore and they thought I had the potential to be a big shot options trader one day. They took me out for a "night on the town" and we saw some pretty wild stuff

It started off chill but we ended up at a high-class underground strip club and we all fucked this stripper but it was dark and you couldn't really see her that well. Turns out it was one of the associates on the CMBS trading desk - she had racked up 20k credit card debt and had to pay it down somehow.

It was all good though. I saw her the following Monday and we grabbed coffee. I got her number and and now she's one of my side pieces. She ended up coming clean with her parents and they helped her pay down the debt. Wall Street is crazy bro haha

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Nov 24, 2018

Swing and a miss, take a lap

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Nov 24, 2018

Haha sounds like you don't know what it's like working on the Street

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Nov 24, 2018

I once saw someone perform surgery on a grape

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Nov 29, 2018

What industry is CD

Nov 30, 2018

Clinical Doctor

Nov 30, 2018

Oh corp dev. I thought they lumped that in with CF. Guess not.

Dec 7, 2018

Corp dev and corporate finance are completely separate functions.

Corp dev is more of an internal strategy group that deals with the "buy or build" problem. Sometimes it results in the group acting as a buyer for their company, and that's where the clientele sometimes comes from for sell-side IB. Other times, it just results in product acquisition or creation of new internal business (product) lines.

Corporate Finance at a company is basically FP&A: analysis of every line item on the financial statements (usually just P&L, whereas the accounting side focuses on balance sheet analysis and reporting).

Nov 24, 2018

edit

Nov 24, 2018

Scumbag Principal in my old group would use financials from companies we pitched to include in other pitches / decks.

Nov 27, 2018

On my first consulting engagement, the sketchball firm I was working for put too many of us on a project to maximize billings but never officially told our client I had joined in an effort to conceal their overbilling. I couldn't get a building badge or parking access for 2 months because the client didn't know I existed because I wasn't in any of their systems lol

Nov 29, 2018

And the client happily paid for a consultant they didn't even know existed? What you said makes no sense.

Nov 29, 2018

Yeah they did. The firm brought on new people every few weeks and ppl quit just as frequently so the client probably just couldn't keep track.

Nov 29, 2018
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Nov 30, 2018
Nov 30, 2018
Nov 30, 2018