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Former Bridgewater Party Animal Busted for Buying 750 Grams of Ecstasy

By NexChange
Hedge Funds

When you land a job at the world’s largest hedge fund we have to assume that you’ll have a decent amount of extra spending cash on hand at all times to buy whatever you want: A sweet ride, a nice summer home, a couple of pieces of famous modern art, or maybe – if you wish to get the party started right – several hundred pills of ecstasy.

Enter 27-year-old former Bridgewater associate Joshua Lucas, who was busted by the Department of Homeland Security signing for packages from the U.S. mail that contained 750 grams of the party drug, according to Dealbreaker (via the Stamford Advocate). Lucas plead guilty to a felony count of possession of narcotics with intent to sell, which would have been punishable by up to three years in prison, but after some sweet talking by friends and family, he was given a five-year suspended sentence and five years probation.

Lucas will also have to surrender his Series 7 license, according to the Stamford Advocate.

Authorities from the Department of Homeland Security and U.S. Customs and Border Protection discovered the packages of ecstasy pills last August while they were “conducting routine processioning on the freight they were checking,” according to the Advocate. Homeland Security, the Postal Inspection Service and the Norwalk Police Special Services Unit then followed the packages to their destination, which happened to be Lucas’ home in Norwalk, Conn.

Dealbreaker notes that the pound-and-a-half of ecstasy delivered to Lucas was “enough for some 4,000 generous doses.” And the Advocate reports that “police searched Lucas’ house and found items consistent with operating a drug factory.”

However, defense attorney Donald Papcsy brought to the Stamford courthouse a stack of “stellar” recommendations from numerous people who know Lucas, showing he destroyed what could have been a “brilliant” career, Senior Assistant State’s Attorney Joseph Valdes said.

“This was just a stupid move. He was someone who did well in high school and in college,” Valdes said.

Valdes said there was no indication Lucas was going to sell the drug and he believes the packages were for his private use with friends.

After considering his history and no criminal record, Valdes said “it did not make sense” to send Lucas to prison for up to three years.

We’re going to have to agree with Dealbreaker here: It could be that “4,000 generous doses” is what it takes to make it through a career at the (alleged!) “cauldron of fear and intimidation” that exists at Bridgewater Associates.

Photo: Nowalk Police Department

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