Ex-Citigroup president Havens caught up in prostitution probe

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John Havens, a former president and chief operating officer of Citigroup, has been caught up in the same prostitution bust that has also ensnared New England Patriots owner Bob Kraft.

The names of Havens and Kraft were on a list of 25 men being charged for soliciting prostitution in a probe that spans multiple agencies, according to the police department in the city of Jupiter, Fla.. Police cited video evidence from inside the Orchids of Asia massage parlor, and a broader investigation throughout the state has seen other charges brought.

“I have no idea what you are talking about,” a man who answered a listed phone number for Havens said when reached by phone. He then hung up and additional calls weren’t answered.

The entry on the list released by police matches Havens’ middle initial and date of birth. Havens has a home in Florida near Jupiter.

Havens, 62, took over as Citigroup’s president in 2011 after leading the bank’s investment banking and trading arm. Havens rose through the ranks in a two-decade career at Morgan Stanley, where he worked closely with Vikram Pandit. The pair started the hedge fund Old Lane Partners LP and then joined Citigroup when it bought the fund in 2007, with Pandit rising to chief executive officer of the bank shortly after.

Pandit and Havens navigated Citigroup through the 2008 financial crisis, which it survived with the help of a $45 billion U.S. bailout. Havens resigned from Citigroup on the same day Pandit quit in 2012 under pressure from the bank’s board. Since then, Havens has served as chairman of Citigroup’s former hedge-fund arm, Napier Park Global Capital, and joined the board of advisers of Money360, a commercial real estate lender.

People mill around in front of the Orchids of Asia Day Spa in Jupiter, Fla., after 25 men were charged for soliciting prostitution in a probe that spans multiple agencies. Joe Raedle/Getty Images (via Bloomberg News)

Bloomberg News


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