March 12 (Bloomberg) -- Former Lehman Brothers Holdings Inc. 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 faked 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.
Golger didn’t immediately return a call seeking comment on the latest arrest.
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).
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