Charles chuckled, then continued. “Jack and Edith decided beforehand to forgo the complications of credit cards. The ship has a bank so every month Jack wires half a million into her account. It’s so much easier. And every few days, like clockwork, money is withdrawn. Sometimes small amounts, sometimes large. With port calls every three or four days, this raises no suspicions. Presumably Edith is going ashore, indulging her every wish and passion. Perhaps the spending was lavish, even wildly excessive, but it was hers to waste, right?”
The door opened again. The conversation stopped until they heard the sound of it closing again. “What then?” Morgan asked, clearly engrossed in the story.
“Then, Morgan, is three long years later.”
“End of the cruise, right?”
“And the beginning of the mystery. Here’s what’s known. On April 18, 1998, the ship docked in Piraeus. After three years at sea, it needed a dose of maintenance and refitting. Also, if Edith wished to continue playing Sinbad, she needed to ante up another two million, the nautical equivalent of a condo fee. On the evening of the eighteenth, she disembarked from the ship-just hobbled down the plank into town and jumped into a cab. That’s the last they saw of her. When, two days later, she failed to return, the shipping line contacted Jack.”
“And what did Jack do?” Morgan asked, collapsing back onto the toilet.
“Booted it upstairs.”
“She just disappeared?” It was getting chilly in the bathroom, and he began rubbing his arms. He desperately wanted to ask Charles for his clothes, but he already knew the answer.
Charles continued. “And by now, her fortune had grown to 450 million. The stock market was roaring. You could throw darts at it and double your money, and Jack had managed her investments brilliantly.”
“And it was all there, in her account?”
“All but the money Edith had gotten from the ship’s bank. No suspicion of foul play at this point. An old lady afflicted by Parkinson’s walked off a ship and vanished. She was eighty-six, probably half brainless, and who knows what other health issues she had. The possibilities were endless. A heart attack or stroke couldn’t be ruled out. A mugging or kidnapping were both possibilities. Or maybe she was out there, in a Parkinson’s haze, wandering around Greece, unable to remember how she got there, or even her own name.”
“So what did they do?”
“At Jack’s insistence, the CEO and CFO at Primo convened a confidential meeting to consider the situation. It presented an unusual quandary, to say the least. People with that kind of money don’t just disappear without a trace. The in-house legal counsel told them Edith’s fate wasn’t their responsibility; she was a client, that’s all. The firm wasn’t her family. On the other hand, nearly half a billion of her money was in their hands.”
“So?”
“It presented what you might call a heartbreaking dilemma for the firm.”
“I don’t get it.”
“You see, Morgan, Edith left no will. No known survivors, nobody who cared about her. She was a legal orphan. But her fees to Primo by this time exceeded ten million a year.” As if Morgan missed the significance, Charles pointed out, “Ten million pays a lot of partner bonuses.”
“And where does Wiley come into this?”
“Well, no decision was made. Not then. The CEO and CFO said they wanted to wait a reasonable period to see if Edith showed up. As week after week passed, Jack was running around the firm loudly telling everybody how concerned he was about poor old Edith. He wanted her disappearance reported to the State Department, wanted the firm to hire a team of PIs to launch a hunt for her. The bigger the nuisance he made of himself, the more his CEO tried to ignore him.”
“Why?”
“Because, legally, Morgan, a person has to be missing three years before you get a presumption of death. Then, absent a will or any known heirs, the disposition of Edith’s fortune conveys to the government.”
“So Jack and the partners had a little difference of opinion.”
“Hardly ‘little,’ Morgan. Three years of billings meant thirty million, at a minimum. Throw in a little creative bookkeeping-after all, the client wasn’t paying attention-and it was a license to take a lot more. Why shouldn’t Primo squeeze a hundred million, or even two, out of the arrangement? Skim a bit off the top and call it a performance bonus. Who would ever know? Nobody would miss it. It was all going to disappear into the black hole of government coffers, after all.”
“Doesn’t sound like Jack did anything wrong.”
“You’re right, he looked like a perfect angel.”
It took a moment for it to settle in before Morgan said, “He was supposed to, wasn’t he?”
It wasn’t really a question.
Charles continued. “After a month, the CEO and CFO brought Jack back into the boardroom for another confidential chat. Just shut up, they told him-come in to work every day, send Edith her monthly allowance, invest the rest of the money, pretend everything’s normal. It would be well worth his while, they promised. An early partnership was a sure bet. They offered him an incredible bump in salary, as well as a piece of what they were already calling the Edith bonus.” Charles paused, then added, “In their minds, they were already spending Edith’s millions.”
“And he said yes, right? After all, Jack’s a smart boy.” By now, Morgan was hanging on every word. This was better than he had ever expected, so much more than he had ever imagined. Nothing like a tale of wickedness, graft, and avarice among the rich and powerful to brighten the day. It was worth sitting half naked in a cold men’s room listening to Charles drone on.
“He turned them down cold,” Charles said. “They were infuriated. In the moments after he left, they talked about reassigning him, or simply firing him. Picture it, Morgan. All that stood between them and Edith’s fortune was Jack.”
Morgan asked, “Then why didn’t they fire him?”
“Did I fail to mention the inconvenient stipulation in Edith’s contract?”
“I think you did.”
“Jack was her adviser and investment manager.” He emphasized, “Not the firm, just Jack. To move a dime of Edith’s money, his personal signature was required.”
“Sounds like Wiley had them by the short hairs.”
“You think so?”
“Sure. He could’ve held them up for millions.”
“You know what? The CEO and CFO thought so, too, and wondered why Jack didn’t do just that. It was a sure thing. Better yet, on the face of it, it broke no laws. It may have blurred every ethical boundary, but in theory at least, it would appear legal.”
“So why didn’t he?” Morgan asked.
After a moment, Charles asked, “What do you think?”
“He didn’t need it.”
“Okay, why not?”
“A good chunk of her money was already in his pocket.”
“You’re getting warmer.”
Morgan thought about it a moment longer. “No, that still doesn’t make sense.”
“Great. Why not?”
“Because they were offering him more money. More is always better.”
“Think harder, Morgan. Why not score a few more million? Better yet, why not join a scam that also incriminated his bosses?”
“Yeah, I see that. Even if they found out Jack was already stealing cookies from the jar, they couldn’t rat him out, because he would rat back on them, right?”
“It would be beautiful.”
“Then I don’t know.” After a moment he growled, “And I’m tired of playing this game.”
“You’re still not thinking like a thief. Put yourself in Jack’s shoes.”
“Because Jack had persuaded the old lady, Edith, to leave everything to him,” Morgan guessed.
Charles chuckled. “Jack wasn’t that charming.”
A long pause as Morgan considered more possibilities. The option that Jack was simply too moral and upright to engage in such unethical behavior had already been discarded. Why would he walk away from more millions? Then it hit him and Morgan almost squealed, “Wow.”