The allegations in a sexual harassment lawsuit filed against the CEO of a Wall Street investment firm are about as sleazy as you might expect after taking one look at this photo of the defendant, Thomas Anthony Guerriero. 20-year-old aspiring stockbroker Karen Lo claims that she was subjected to an "assaultive barrage" of pervy messages from Guerriero, her boss at the time, including a November e-mail "with a link to an obscene pornographic video containing explicit sound and imagery depicting male masturbation and ejaculation." The jerk-off in question was, Lo believes, Guerriero himself. Other creepy allegations, [sic] all: more ›

Former Merrill Lynch stock broker Steven Mandala strolled into court yesterday under the impression that he'd secured a lenient plea deal with the Manhattan DA, who's charged him with second-degree larceny, among other things. But Supreme Court Justice Carol Berkman put the kibosh on all that, reacting "incredulously" to the news that Mandala would plead guilty in exchange for one-year in jail and repaying half of the $765,000 he fraudulently took from the firm. more ›

Last April Merrill Lynch hired stock broker Steven Mandala, giving him a $780,000 loan to lure him away from Maxim Group, where he was, they believed, a hot-shot partner who managed $300 million worth of assets. But now the firm says Mandala, 29, ran a savage burn on them, giving them forged pay stubs and tax returns to seem more successful than he was. Then, a week after depositing the loan into his parents' bank account, he bought a red Ferrari for $245,580. And as if the sight of an unscrupulous Wall Street guy throwing money away on a car wasn't shocking enough, Mandala "frequently did not show up at his new job and brought in only two or three clients with assets of about $20,000," says the Manhattan DA. more ›

Not everyone losing their shirts these days can blame it on the market collapse; some unlucky investors have broker Michael Axel to blame. Despite his totally boss name, Axel was definitely not the guy to trust with your savings. And he's (allegedly) living proof that people do actually fall for that overseas e-mail scam, whereby someone you don't know, usually residing in Africa, e-mails you with some ridiculous offer that, to paraphrase Michael McDonald, only a fool believes. Axel was that fool, prosecutors say; he was arraigned Thursday on grand larceny and forgery charges and could get 15 years in prison. more ›