Morgan Stanley banker charged with hate crime

(Reuters) – Connecticut police arrested a senior Morgan Stanley investment banker after he allegedly stabbed a taxi driver in the hand and called him racial slurs following a fare dispute.

William Bryan Jennings, co-head of North American fixed-income capital markets at the Wall Street bank, was arrested near his home in Darien, Connecticut, on Wednesday and charged with second-degree assault, larceny and intimidation by bias or bigotry, Detective Mark Cappelli told Reuters.

Jennings was released after posting $9,500 bail and is scheduled to appear in Superior Court in Stamford, Connecticut, on March 9.

Police had been looking for Jennings since the incident, which occurred in December, but because he did not contact police and there was limited information about his identity, detectives were unable to immediately find him, Cappelli said.

“At no point did Mr. Jennings attempt to contact the Darien Police Department during the incident,” police said in a statement. “Mr. Jennings did contact the Darien Police approximately two weeks later.”

After investigating the incident and issuing a warrant for Jennings’ arrest, the banker turned himself in at the Darien police station this week, Cappelli said.

Pen Pendleton, a spokesman for Morgan Stanley, said Jennings has been placed on leave.

Eugene Riccio, a lawyer for the 47-year-old banker, denied the charges and said Jennings stabbed the cab driver because he was afraid for his safety.

“He categorically denies that he made any racially offensive statements to the cab driver,” said Riccio.

Jennings did not immediately come forward to report the incident to police because he was “afraid for the safety of his family” and did not want his personal information publicized in the press, Riccio said.

The charges stem from a late-night cab ride of about 45 miles that Jennings took from Manhattan to his $2.3 million home at 39 Knollwood Lane.

Upon reaching the destination, the driver and Jennings, whom the driver said was intoxicated, argued about the fare. According to police, the two had agreed upon a fare of $204 at the outset of the ride, but when the driver requested payment, Jennings refused.

Riccio disputes that version of events, saying the driver assessed a charge of nearly $300, which Jennings considered excessive.

With Jennings still in the car, the driver began driving around the city looking for a police officer to resolve the dispute, according to police. Riccio also contests that, saying the driver was not looking for police, but “speeding down the road, door open, disregarding traffic signals” and threatening to bring Jennings back to Manhattan unless he paid the fare.

The driver, who lives in Queens, New York, and is of Middle Eastern descent, told police that Jennings began threatening him and using racial slurs.

The banker then took out a pen knife and began stabbing at the driver through an open partition, police said. When the driver tried to close the partition, Jennings stabbed his hand.

The driver then stopped the vehicle and Jennings ran home, Riccio said, about 1.5 miles from the scene, which was close to an entrance to the I-95 interstate highway. The driver called police to report the incident around midnight on December 22.

The driver received immediate medical attention in Darien and later went to a hospital where the lacerations required six stitches, Cappelli said.

(Reporting By Lauren Tara LaCapra; Editing by Tim Dobbyn)

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