Former exec scammed couple by pretending to know Carl Icahn

Written By kom nampuldu on Rabu, 25 Februari 2015 | 18.18

A former Shearson Lehman Brothers executive promised to repay a Manhattan couple $1 million for losing their investment — as long as he didn't have to admit he's a scam artist who pretended to be pals with billionaire Carl Icahn, according to court papers.

Lawyer Albert L. Jacobs Jr. and his wife sued Charles Lewis, the former vice president of the now-shuttered Shearson Lehman Bros., last May after the Wall Street veteran promised to make them a 15 percent return on their $860,000 investment by parking it with his friend's "Icahn Bank."

The onetime Lehman exec, who pens a daily financial e-mail newsletter called "The Lewis Letter," first befriended the Upper East Side couple, then "defrauded them by luring them to invest significant sums of money through him," according to their Manhattan civil suit.

"Among other things [Lewis] falsely claimed that he was affiliated with Carl Icahn," the suit says.

When Lewis, 84, wouldn't return the money, Jacobs, 75, contacted Icahn and learned the "Icahn Bank" didn't exist and the billionaire had never heard of Lewis.

The parties reached the settlement earlier this month, but it still has to be approved by a judge.

Lewis' attorney, Jerome Leitner, admitted his client owes the Jacobs $860,000 plus interest, but "refuses to acknowledge a fraud."

Neither side returned calls seeking comment.


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