Monday, July 18, 2005

Dwarfed on Wall Street

And to think, these people control the financial markets.

"Some people are just into lavish dwarf entertainment," says the 4-foot-2 Danny Black, a part-owner in Shortdwarf.com, an outfit that rents dwarfs for parties starting at $149 an hour. Mr. Black says he spent part of the weekend on the yacht and worked as a waiter on the Friday night at a high-end Miami eatery alongside what he called "regular size" people. "A good time was had by all," he said, declining to provide further details.

But what really made this a memorable party is that it is now a focus of an investigation into possibly improper gratuities from Wall Street trading firms eager to get Fidelity's business. The National Association of Securities Dealers and the Securities and Exchange Commission are examining which Wall Street firms kicked in money for the weekend party. So far, at least three firms have been embroiled in the investigation. Jefferies Group Inc. paid for the plane, SG Cowen & Co. paid for the yacht, and Lazard Capital Markets paid for some of the hotel rooms, according to people familiar with the matter.

Wouldn't you know, the Kozlowski's (yes, the whole family!) are at the center of the fun.

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