Tough times have arrived on Bay Street, but bank robbery?

You don’t get emails like this very often from Canadian investment banks:

“TORONTO, October 3, 2008

Late today Paradigm Capital learned that one of its employees, Kevin Pinto, a compliance
officer, had been arrested and charged with ten counts of bank robbery. Paradigm is in the
process of alerting relevant regulatory authorities. Paradigm has initiated an internal
investigation but has no reason to believe that any of its records, securities or clients’ funds
have been compromised. Mr. Pinto’s employment with Paradigm has been suspended.”

One has to feel terrible for the family and colleagues of this fellow. The media have been reporting on suicides and murder-suicides in the U.K., and this sad story is more of the piece.

MRM