Fiction meets reality. Mr Francisco Turner, the CFO of Banc of California, seems to not only be handy with bonuses, but also with strippers.
In a page right out of the Hollywood blockbuster Wolf Of Wall Street, Mr Turner is accused by one of his former employees, Miss Heather Endresen, of shifting the bonus pool for employees that he favoured and who didn’t necessarily have the best results, and, more stunningly, of using company funds to pay for strippers and have sex with employees in his office, according to the complaint.
He also used drugs and pressured junior employees to join him, Miss Endresen alleged.
Mr Turner reacted through his lawyer with a statement on the allegations that have come forth: "I will not comment on pending legal matters particularly since there are no claims against me personally.”
“I vigorously dispute the allegations made about me and am confident that I will be vindicated once the legal process takes its course."
According to Miss Endresen, she proceeded at first to go see the in-house counsel to complain about Mr Turner’s practices. During this meeting, she was allegedly told that the company didn’t have a policy prohibiting employees from engaging in sexual activity in the workplace or using corporate funds to pay for strip clubs.
A spokesman for Banc Of California, Mr Joe Hixson, commented on the suit: “The action has no merit and we intend to defend against the claims vigorously.”
“We treat all matters of compliance with the utmost seriousness and any suggestion otherwise is categorically wrong. We encourage all employees to raise any area of concern and we investigate all claims thoroughly.”
The case is being handled before the California Superior Court in Los Angeles County.