Ex-Morgan Stanley exec accused of stealing $2.3M from firm
July 22nd, 2009
A former Morgan Stanley executive has been accused of stealing $2.3 million from the New-York based investment bank over a period of seven years, according to published reports.
Richard Garaventa, a former vice president in the operations division of Morgan Stanley’s institutional securities, is charged with grand larceny and falsification of business records, according to the Manhattan district attorney’s office, reports said.
“The alleged conduct by a former rogue employee is in direct violation of the firm’s values and policies. We reported this matter to the authorities and have provided every assistance to their investigation,” Morgan Stanley said in a statement.
Source:investmentnews.com
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