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Ex-Citigroup managing director sentenced to 30 years in prison for sex crimes

Prosecutors said he drugged and raped women over a decade and kept tens of thousands of child sexual abuse files.

  • On Tuesday, Judge Paul A. Engelmayer sentenced Harvard-educated former Citigroup Inc. managing director Edward Gene Smith to 30 years in prison for sex crimes spanning a 10-year period after he pleaded guilty to sexual assault, child pornography possession, and obstruction of justice.
  • Prosecutors said Smith lured vulnerable women to his New York Central Park residence using financial promises, then drugged and assaulted them while secretly recording the abuse over nearly a decade.
  • Evidence included tens of thousands of files of "horrifying" child sexual abuse material depicting infants and toddlers. Prosecutors noted Smith had written in the Harvard Crimson in 1998 that "the right to say no to sex is a human right," demonstrating prior knowledge of harm.
  • His defense claims that autism was the "primary driver" of his crimes were rejected by prosecutors as "inflammatory nonsense" and "an offensive smear to those in the autistic community." Citigroup stated, "We moved to terminate Mr. Smith immediately upon learning about law enforcement's initial investigation."
  • In a letter to Judge Paul A. Engelmayer, Smith wrote it was "obvious to all that I have fallen from the pinnacle of success to the pit of destitution and disgrace," while claiming he had reconnected with his family and expressing remorse for his actions.
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Ex-Citigroup managing director sentenced to 30 years in prison for sex crimes

A Harvard-educated former managing director at Citigroup Inc. has been sentenced to 30 years in prison for sex crimes that prosecutors say occurred over a 10-year period.

·New York, United States
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Bloomberg broke the news in New York, United States on Tuesday, July 28, 2026.
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