Former hedge fund Bridgewater employee Joshua Lucas avoids jail for huge amounts of Molly delivery.
Joshua Lucas, who lost his job at a premier hedge fund for receiving three packages of the party drug ecstasy that were mailed to his home has accepted a plea deal to avoid jail time.
Eight months after being arrested and fired from Bridgewater Associates, Joshua Lucas, 27, received on Monday a five-year suspended sentence and five years probation.
Lucas had pleaded guilty to a felony count of possession of narcotics with intent to sell and was willing to go to jail for up to three years for accepting the packages containing 750 grams of ecstasy.
However, defense attorney Donald Papcsy brought to the Stamford courthouse a stack of “stellar” recommendations from numerous people who know Lucas, showing he destroyed what could have been a “brilliant” career, Senior Assistant State’s Attorney Joseph Valdes said.
“This was just a stupid move. He was someone who did well in high school and in college,” Valdes said.
Valdes said there was no indication Lucas was going to sell the drug and he believes the packages were for his private use with friends.
After considering his history and no criminal record, Valdes said “it did not make sense” to send Lucas to prison for up to three years.
Valdes said Lucas will have to surrender his Series 7 license, which allowed him to sell a broad range of security investments.
Police said the packages were found by Homeland Security, U.S. Customs and Border Protection, who were conducting routine processioning on the freight they were checking last August.
Homeland Security, the Postal Inspection Service and the Norwalk Police Special Services Unit delivered the packages to the intended recipient, who turned out to be Lucas, who was living on Fairfield Avenue in Norwalk.
After he signed for the packages, police searched Lucas’ house and found items consistent with operating a drug factory, a charge that was eventually dropped.