- John Havens, the former president and chief operating officer of Citigroup, was among those charged in a huge prostitution sting in Florida on Friday.
- Havens, among 24 other charged men, was arrested after allegedly paying for sexual services at numerous locations, including Orchids of Asia Day Spa in Jupiter, Florida.
- Havens was Citigroup’s president in 2011, but resigned from the position a year later
- Havens was among at least three power players that were arrested in the bust, which also swept up Patriot’s owner Robert Kraft, and founder of private equity firm J.W. Childs Associates, John Childs.
- Here’s what you need to know about ex-Citigroup president and COO John Havens.
John Havens’ name was on a list of 25 men released by the Jupiter, Florida police department on Friday, accused of soliciting prostitution.
Source: CBS 12
Havens served as Citigroup’s president and chief operating officer, but only held the position for a year. He is currently the chairman of Citigroup’s former hedge-fund division, Napier Park Global Capital.
Havens came to Citigroup in 2007, when the bank bought the hedge fund he founded with Vikram Pandit. Pandit would go on to serve as the CEO of the bank.
The pair helped the bank survive the financial crisis of 2008.
Havens resigned from his position as president and COO of the bank on the day that Pandit quit in 2012, while under pressure from the board.
Havens met Pandit during their days at Morgan Stanley, where Havens had a two-decade-long career.
Havens’ exit from Morgan Stanley was steeped in drama, according to a 2009 profile of his longtime friend and business partner Pandit in New York Magazine.
The profile states that Havens was among a group that tried to push out then-CEO Phil Purcell in 2005. Purcell did eventually resign, but not before ousting Havens and Pandit.
According to the report, Havens left Morgan Stanley to a standing ovation on the trading floor.
According to the New York Magazine story, Havens was “born to wealth” and has hobbies including bird-hunting and golf.
The article also attributed his baldness to alopecia and said that he “offset” his “unusual looks” with his sense of style, including “flashy ties, suspenders and meticulous tailoring.”
Source: New York Magazine
While Havens lives in New York, public records show that he has several properties in Florida, including one in Jupiter not too far from the day spa at the center of the prostitution probe.
Havens is married to Wendy Doubleday Havens, the grand-granddaughter of Frank Nelson Doubleday, the founder of the Doubleday publishing house.
The couple live in the upscale New York City suburb of Locust Valley, on Long Island.
During the 2016 presidential cycle, Havens contributed more than $US10,000 to a Jeb Bush SuperPAC.
New England Patriots owner Robert Kraft is the most famous person to be arrested in the bust so far — but that may change soon.
ESPN’s Adam Schefter said Friday that he was told that Kraft “is not the biggest name involved” in the bust.
Those charged in the bust will likely be able to avoid jail time if they are first-time offenders, for which there is a diversion program that likely includes 100 hours of community service and an education program, a former prosecutor told the Associated Press.