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Bankers Take Drug Tests at Jefferies Amid Divorce Scandal

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Richard Handler, chief executive officer of Jefferies Group LLC, said he and some investment bankers took drug tests to refute claims by the estranged wife of another banker that narcotics use is widespread at the firm.

“Suggestions of rampant drug use are pure fabrication,” Handler, 53, and Chairman Brian Friedman, 58, said in a memo posted today on the firm’s website. “The two of us can of course attest that all tests came back drug-free.”