WSJ - William J. Salomon, now 98 years old and son of
one of the founders of the 100-year old Salomon Brothers investment firm, was an
active executive at Salomon Brothers after rising from a 19-year-old fresh out
of high school. On retirement, he maintained an office at the firm and
continued with an office after Citigroup merged with Salomon Brothers in
1997. His recent secretary, Karen R. Febles, charged with embezzlement, was a
former Citigroup secretary and became Mr. Salomon's secretary from 2000 to
September, 2011. "Ms. Febles was the only other person given access to Mr.
Salomon's personal checking account". An example sited by prosecutors was a
check signed by Mr. Salomon for $900 dollars and when cashed, "nine hundred
became nine thousand nine hundred". Ms. Febles will stand trial set for November 13 after pleading not guilty. An investigative official has stated, "Part of
what goes into larcenous thinking is that this is a wealthy person who isn't
counting his nickels and dimes and will never miss the money". After many years
of trust, Mr. Salomon apparently missed about $1.8 million and blew a whistle.
Mr. Salomon is known as "pleasant, well-tailored, casual and has all of his
mental faculties at 98". His wife of 70 years died in 2008 and he now has another office assistant.
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