• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Ex-Citigroup managing director sentenced to 30 years in prison for sex crimes

by July 30, 2026
written by July 30, 2026

A Harvard-educated former managing director at Citigroup Inc. who blamed autism for his actions was sentenced Tuesday to 30 years in prison for sex crimes that prosecutors say occurred over a 10-year period.

Edward Gene Smith, 50, was sentenced in Manhattan federal court by Judge Paul A. Engelmayer after he pleaded guilty to sex crimes, receiving child pornography and obstructing justice.

His lawyers wrote in a presentencing submission to the judge that autism spectrum disorder was the “primary driver” of his crimes.

The lawyers said Smith has been “devastated to learn that his understanding of his relationships with the women he thought of as his girlfriends was wrong and that they experienced their encounters with him as non-consensual sexual abuse and even rape.”

But prosecutors, who requested a 30-year sentence, wrote that Smith’s “purported autism” was “inflammatory nonsense.”

“It is an offensive smear to those in the autistic community. And it is utterly irreconcilable with what the defendant did, and how he did it,” they said.

Prosecutors said that in pleading guilty, Smith admitted drugging a woman with the intent to rape her and enticing another woman to travel to New York, where he drugged and sexually assaulted her.

Smith “committed these heinous crimes hiding behind a facade of a well-educated bank executive, using his outward appearance to draw in victims and evade detection,” prosecutors said.

They said he also obtained and maintained tens of thousands of files of “horrifying” child sexual abuse material depicting toddlers and even infants.

Smith used promises of financial security to lure young women from foreign countries or faraway U.S. states who were vulnerable and needed income to his New York Central Park residence, where he used drugs to incapacitate them before raping and sexually abusing them, prosecutors said.

U.S. Attorney Jay Clayton said in a release that Smith carried out his crimes from 2015 to 2024, subjecting numerous women to attacks in which “he would torture and punish his victims, and surreptitiously photograph them, while they were nude and unconscious.”

Smith, who worked at Citigroup Inc. from 2021 until his 2024 arrest, said in a letter to the judge that it was “obvious to all that I have fallen from the pinnacle of success to the pit of destitution and disgrace.”

He said, though, that he should be viewed as someone who has “long put his errors behind him” and reconnected with his loving family.

“The man I used to be embarrasses me. I don’t want to be him ever again,” he wrote.

Prosecutors also noted that he knew the harms he inflicted on women because he had written in The Harvard Crimson in 1998, a year after his college graduation, that “there is something particularly traumatic about being raped by someone a victim knows and had even liked or trusted. The right to say no to sex is a human right, a basic right of control over one’s body.”

In a statement, Citigroup said: “We moved to terminate Mr. Smith immediately upon learning about law enforcement’s initial investigation, well before the allegations of this depraved behavior came to light. We cooperated with law enforcement as they sought justice for the victims of these heinous crimes.”

This post appeared first on https://www.nbcnews.com

0 comment
0
FacebookTwitterPinterestEmail

previous post
A new media ecosystem is taking root on the left, reshaping Democratic politics
next post
Melania Trump helps reunite fifth group of Ukrainian, Russian children with families

related articles

Federal Communications Commission scraps limit on broadcast TV...

August 8, 2026

U.S. suspends avocado inspections in Mexican state of...

August 6, 2026

Trump administration has refunded $100 billion in tariffs...

August 6, 2026

Disney and TikTok strike short-form video-sharing deal

August 6, 2026

SpaceX hit by surging AI costs as insiders...

August 6, 2026

China announces countermeasures against Washington, including controls on...

August 5, 2026

Perez Hilton hospitalized after reports he livestreamed self-harm,...

August 5, 2026

McDonald’s struggles to attract bargain-hungry customers

August 5, 2026

New Jersey sues Amazon, alleging poor pay and...

August 4, 2026

WestJet flight attendants to end strike after reaching...

August 4, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • UK stocks decline as AstraZeneca tumbles after trial setback

    July 9, 2026
  • Who is Darline Graham Nordone? Lindsey Graham’s sister emerges as Trump’s Senate pick

    July 13, 2026
  • $10,000 in each of QQQ, TQQQ, and SQQQ 5 years ago: Here’s the result

    July 16, 2026
  • Primary showdown: Conservative firebrand Marsha Blackburn eyes governor’s office in Tennessee

    August 6, 2026
  • VZ, TMUS, T: why telecom stocks are crashing on Comcast’s split announcement

    June 29, 2026

Popular Posts

  • 1

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026
  • 2

    Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook

    June 5, 2026
  • 3

    Dow tumbles 680 points as chip rout sends Nasdaq to biggest drop since 2025

    June 5, 2026
  • 4

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026
  • 5

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026

Categories

  • Editor's Pick (420)
  • Investing (944)
  • Stock (58)

Latest Posts

  • Federal judge blocks Postal Service from carrying out Trump mail-in ballot order

    July 2, 2026
  • Here’s why the MOEX Index and Russian ruble are falling

    June 29, 2026
  • JD Vance and wife Usha welcome fourth child, reveal baby boy’s name

    July 21, 2026

Recent Posts

  • Microsoft stock is rising 3% on Wednesday: here’s why

    July 15, 2026
  • Rep Thomas Massie says the Iran war has ‘significantly weakened’ America ‘all for Israel’

    July 27, 2026
  • Apple stock gains on Friday as Wall Street sees buying opportunity

    June 26, 2026

Editor’s Pick

  • Wall Street futures under pressure: 5 things to know before the market opens

    July 2, 2026
  • Indian banks lead market gains on RBI’s foreign deposit initiative

    June 9, 2026
  • TSMC stock eyes 52-week high: here’s why Citi hiked its target by 32%

    July 6, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock