Reported by Liku Zelleke
Some gruesome details about the personal life of Sage Kelly, a once respected investment banker have become public during his divorce proceedings. His estranged wife, Christina Di Mauro Kelly, alleges in legal documents that he often had drug and alcohol binges, which were sometimes followed by his urinating and defecating in their beds and on the floors of their homes on Park Avenue and in Sag Harbor, L.I.
The documents also revealed charges of wife-swapping, car wrecks caused by drunk-driving and rampant drug abuse. Their daughter allegedly had to clean up her father’s excrement after a doorman in their residence had to carry an inebriated Kelly to his bed.
In response, Kelly has denied all allegations and called his wife a drugged-out liar. “‘The Wolf of Wall Street’ tale she tells this court is a work of fiction. I have never defecated or urinated in bed, on the floor or a wall,” he said.
On the contrary, he alleged Christina had crashed her car into a pair of utility poles four years ago while drunk-driving. She had both of their daughters, now aged 10 and 6, in the car with her.
Manhattan Supreme Court Justice Mathew Cooper, who presided over the divorce proceedings last week, advised the ex-couple to stop airing their filthy laundry in public.
Christina is suing her ex for $7 million in damages for obtaining a court order restricting her access to their children as part of their child custody fight. Her husband had first sought temporary custody of the children after charging she was an alcoholic with a drug problem.
Meanwhile, Kelly’s ex-wife claims she had never used cocaine until she met her husband-to-be and he refused to have sex with her unless they were snorting it. She described how one night of alcohol and substance abuse at the Ritz-Carlton in Boston led to a wife-swapping session and a foursome. Christina also claimed her husband was closer to his drug dealer than he was to her.
As the bitter battle continues, her lawyer, William Beslow, said a settlement in the case was a possibility.
Financial Lovemaking lessons from this story:
1) Divorce can be ugly, so it’s important to only share your life with someone who can handle disappointment in a mature, dignified fashion. The fact that your closest ally can become your worst enemy can be quite embarrassing if things go wrong. A good measuring stick is to pay attention to how your partner treats their worst enemy. This is an indicator of how they might deal with you in the event of a divorce.
2) Storie like these reveal that wealthy whites can be just as deviant as the millions of African Americans who are put into the criminal justice system every single year. While wealthy Wall Street bankers have cocaine binges without consequence, there are young black men serving dozens of years in prison for possession of small amounts of marijuana. If the NYPD were to use a stop-and-frisk policy on Wall Street, a large number of rich white men would be spending the rest of their lives in prison.