“We already know about his history at Primo,” Morgan interrupted.
After a brief pause, Charles asked, “And what did they tell you, Morgan? No, let me guess. They loved Jack.”
“Pretty much, yeah.”
“That’s true. They did love Jack, in the beginning. After only six months he got a big promotion and another bump in salary. Better yet, they switched him into client accounts in the wealth management section. Understand, Morgan, that for a firm like Primo, only the best and brightest work with clients. Geeks and antisocials are hidden, kept in the back rooms. See, Primo won’t touch you as a client unless you have at least a hundred million to invest and people with that kind of money aren’t easily impressed. But of course Jack is a master at good impressions. In no time, he was managing about four big accounts, and he began bagging new ones. He brought in three that first year. Three! Jack, you see, was a natural…” Charles petered off, having made his point.
“You’re wasting my time,” Morgan interrupted again. “I told you, Primo said the guy was a stud.”
“I know you did.”
“They even threw a one million bonus in his lap the day he left. That’s what I call love.”
They heard the bathroom door open, the sound of footsteps, then the noises of a man emptying his bladder and humming a show tune to himself, followed by a noisy, high-powered flush. They stayed quiet until the door closed again.
“About the bonus, we’ll talk about it later,” Charles promised, sounding mysterious. “Anyway, in the winter of 1994, Jack was out in the Hamptons dining with a client when Edith Warbinger joined their table. Edith was eighty-three, a very pleasant but doddering old widow. Jack’s client thought he was doing her a favor introducing her to Jack. She said she had no children, no close relatives, nobody to turn to. Her husband had been an early investor in IBM. His father had left him a few thousand shares, dating back to the twenties. The son was a department store manager, without a clue how the market worked, so he did the easy thing and adopted Pop’s investing habit. A lifelong skinflint, he plowed in everything he had, every spare nickel and penny, and without selling a share, rode it all to the top. When he finally cashed out, even after a whopping tax bill, he was worth over three hundred million.”
“We should all be so lucky.”
“And like all the nouveau riche, he went on a giddy splurge. He promptly bought a big house in the Hamptons, a bigger yacht, a fleet of Mercedes, all the trappings of long-denied wealth.” Charles paused for a moment then chuckled. “Two months later, an aneurysm struck, and he was dead.”
“The Lord giveth, the Lord taketh away,” Morgan couldn’t resist saying.
“But he doesn’t really look after fools and idiots. See, poor old Edith didn’t understand squat about money. The hubby had handled everything. A controlling bastard, he kept her on a leash, gave her a stingy budget and watched how she spent every penny. Now suddenly the hubbie’s dead and she’s rolling in dough, three hundred million without a clue how to handle it, and along comes Jack. Smiling, confident Jack. Don’t worry, he tells her, he’ll take care of everything. Edith, naturally, succumbed to his charms and turned over her whole fortune to him.”
“Spell Warbinger,” was all Morgan said.
Charles did, then picked up where he left off. “So Jack sets up the standard arrangement in such cases, a paying trust. Jack oversaw the investments and handled the monthly disbursements. Edith got a monthly allowance of three hundred thou to do whatever her heart desired. The rest of the earnings, which were considerable, were plowed into more investments. Even that proved too much for her to handle. Turns out poor Edith had Parkinson’s and it was progressing fast. Soon all her bills and fiduciary responsibilities were transferred to Jack.”
“She handed him the keys to the kingdom.”
“That’s right, Morgan. There was no lawyer, no executor, no skeptical husband or greedy children worried about their inheritances watching over his shoulder.” Charles paused for a long moment. “Only Jack.”
“How much did he take?” Morgan asked.
“Wrong question,” Charles replied, chuckling.
“Then what’s the right one?” He was taking notes as fast as his hand could scribble. The dates and names were written down in his pinched style. He was relying on his memory for the larger narrative.
“You have to understand, Morgan, a firm like Primo has airtight controls and unrelenting oversight. The firm was known for large partner paychecks, but the associates made dirt. The temptations were unbelievable and the firm knew it. Take Jack. By then he was making two hundred grand a year, a pittance in Manhattan. And he’s managing several large fortunes that each number in the hundreds of millions. He drives out to their gaudy mansions in the Hamptons and Greenwich, plays golf with their brazenly spoiled kids, ogles their toys, then drives back into the city, back to his rotten little one-bedroom apartment.”
Charles paused for a moment, then remarked, “Imagine how that feels, Morgan. Can you picture it?”
“Must be tough.”
“And of course, he knows firsthand that they are too stupid and incompetent to manage their own fortunes.”
“I got it. It was irresistible. Now tell me how much he stole.”
Charles ignored his query and said, “Now here’s the sweet part. All her life, Edith dreamed of a worldwide cruise. Through all those miserable decades, married to a penny-pinching prick, she dreamed of getting away, of climbing onto a boat and seeing the world. Life had passed her by. Now she was eighty-three and degrading fast. There wouldn’t be another chance.”
“So Jack tells her to go for it.”
“Of course he does. He puts her house and cars and the yacht up for sale. He finds this lavish cruise ship, a floating barge overflowing with luxuries and extravagances. It’s a great bargain, Jack tells her, but you have to buy a stateroom. For five million, it’s all yours. Yours to live in, yours to enjoy, yours to sell after you’re bored with the seven seas. A stately topside birth, all the gourmet meals you can eat, three years bouncing through exotic ports from Asia to South America. Know the best part? It was a Greek shipping line. It never touches a U.S. port. Can you see it now, Morgan?”
“Sure, but keep going.” No, he didn’t see it.
“Only one problem.”
“What’s that?”
“Edith’s Parkinson’s. At the rate she was deteriorating, odds are she’d be a total loon long before the end of the cruise. And by law, of course they have to disclose any serious health concerns to the shipping line. The ship has a doctor but he’s not inclined to spend all his time administering to some drooling old broad with the shakes who can’t remember to take her meds.” Charles paused to allow Morgan to think about the ravages of such a cruel disease, then said, “Still, the shipping line wants Edith’s millions, Edith wants to hit the high seas, and eventually a solution is found.”
“Money cures all ills.”
“Not a cure, it offers a manageable solution, though. A private nurse is found. For another million bucks, Edith can rent a small, less expensive room for her far belowdecks.”
“Go on.”
“So on April 2, 1995, Edith begins her new life. She flies to Copenhagen and checks into the Hotel d’ Angleterre. Presumably she spends the next five days roaming the city, tiptoeing into her adventures as a wanderer. On April 7 she checks out, signs onto the ship, and a few hours later she embarks on the dream of her life. This much was confirmed later,” Charles explained.
“Mind if I get up and stretch? My ass is falling asleep.”
“If I’m boring you, we can stop now.”
“My ass, not my ears. I want the full fifty thousand treatment, pal.”