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Ex-Lehman Executive Bradley Jack Faces Second Prescription Forgery Charge

Former Lehman Brothers Holdings Inc. (LEHMQ) managing director Bradley H. Jack was arrested a second time for drug prescription forgery, hurting his chance to avoid prosecution on the previous charge through a pretrial diversion program.

Jack, 53, turned himself in and was charged March 9 with second-degree forgery for a November incident in which he forged the date on a prescription for a controlled substance at a CVS pharmacy that was made out to him by a doctor in Fairfield, Connecticut, according to Capt. Sam Arciola of the Westport Police Department. Jack was released on $5,000 bond and has a March 21 court appearance.

In August, Jack, of Westport, was allowed to enter so- called accelerated rehabilitation, a program that is available to people charged with less-serious crimes that might result in prison time. At the August hearing, Superior Court Judge Earl B. Richards III in Bridgeport, Connecticut, said if he avoided arrest for a year, the prosecution would be suspended.

Jack had been arrested in June after he allegedly tried to pass forged prescriptions for 12 pills of the painkiller Oxycontin and nine of Ritalin, a drug used to treat attention deficit disorder, according to Fairfield police. Jack had received treatment for cancer, had had a valid prescription in the past and had no prior criminal record, his attorney, Robert G. Golger, said in court in August.

Photographer: Douglas Healey/Bloomberg

Bradley H. Jack, former managing director for Lehman Brothers Holdings Inc., exits superior court in Bridgeport Connecticut on July 21, 2011. Close

Bradley H. Jack, former managing director for Lehman Brothers Holdings Inc., exits... Read More

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Photographer: Douglas Healey/Bloomberg

Bradley H. Jack, former managing director for Lehman Brothers Holdings Inc., exits superior court in Bridgeport Connecticut on July 21, 2011.

Golger didn’t immediately return a call seeking comment on the latest arrest.

Five Years

In the earlier incident, Jack was charged with second- degree forgery and attempting to obtain a controlled substance through forgery or alteration of a prescription or a written order. Forgery, the more serious count, is punishable by as long as five years in prison and a $5,000 fine.

Jack joined New York-based Lehman in 1984 and ran investment banking from 1996 to 2002, when he became co-chief operating officer with Joseph Gregory. In 2004, he was named to the office of the chairman with the responsibility of overseeing all of the firm’s investment banking relationships.

He decided to retire from New York-based Lehman to pursue work in the nonprofit sector and spend time with his family, Richard Fuld, Lehman’s chief executive officer at the time, said in June 2005. The company went bankrupt in September 2008.

The latest arrest was reported earlier in the Westport News.

The earlier case is Connecticut v. Jack, F02B-CR11-0258280- S, Connecticut Superior Court, Fairfield County (Bridgeport).

To contact the reporter on this story: Thom Weidlich in Brooklyn, New York, federal court at tweidlich@bloomberg.net.

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.

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