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A junior trader at one of the world's largest hedge funds, SAC Capital, is suing the company. Andrew Tong alleges that his boss Ping Jiang––the two men are 37 and 41 years old, respectively––forced him to take estrogen hormone pills and wear a dress to work. This was supposedly to feminize him and make him a better trader. Tong also alleges that he was sexually assaulted while at work. If this is the first you've heard of this affair, background can be found at the Wall St. tabloid DealBreaker.com.
A spokesperson for SAC Capital said that the charges against the company were "scurrilous" and "false", and Tong never called the police regarding the alleged sexual assault. The Equal Employment Opportunity Commission is investigating, however, and Tong's lawyer says that his client has medical documentation that he ingested estrogen.
An article in the New York Post earlier this week said that Tong and Jiang have known each other for nine years, since trading together at Lehman Brothers. The odd-sounding allegations about hormones and female clothing supposedly led to a sexual relationship between the two men. Jiang is the head of computerized trading at SAC capital, one of Wall St.'s largest hedge funds. According to the Post, he earns as much as $150 million a year. Co-workers say that it wouldn't make any sense for Tong to be feminized in order to be a better trader, because otherwise the company would just hire women as traders, which it doesn't, because it doesn't think women are aggressive enough to be traders. We're betting the employee who said that is regretting it already.
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What exactly does a "trader" trade?
And why would a feminized male trader to it any better?
$150 million a year????!!!!
thankfully all that can be equalized with Lead.
all of these people in finance are criminals. nothing more, nothing less. they should all be thrown in jail or shipped off to a desert island together.
When does the movie come out?
Which movie? "The Crying All-the-Way-to-the-Bank Game"?
Wow - you can't make these things up...
Sounds like a bad breakup to me...
It looks like Ping wanted to ping Tong up the butt.
What a bunch of sick, disgusting people these are.
I think tong wanted to show his bosses how he can play the same game the white bosses has been playing. only he didn't have the guts to play that game on a white employee.
white people are the only true sick people, don't believe otherwise. remember the scotch irish were shunned and lynched when they first arrive here by the Brits, the Dutch and the French.
W T F!!!!!!!! I stopped reading after female hormones and 150 million dollars.
It would happen to anyone who has the know how to make $150 mill a year - to do whatever the hell you want...!
$150 million a year
damn!
interesting word choice on "tabloid." isn't dealbreaker a "blog"?
Yep, makes me wonder how you 30 something hipster dudes make it on 28k a year...
If one visits DealBreaker.com, the subtitle is "A Wall Street Tabloid."
Why are people criminal just because they are smarter than you and make lots of money? Should Bill Gates and Warren Buffet be put in jail as well?
#16, it's called Envy.