A managing director at Goldman Sachs New York was charged with the rape of a 20 year old woman while on vacation at the upscale Hamptons over the week. According to a report from the East Hampton Town Police, the accused was James Lee and he was taken into custody as the authorities responded to a call for a disturbance in the home where Lee was located.

Lee was arrested and charged with first degree rape. He was released on bail in the amount of USD200,000 last Wednesday. While police authorities did not confirm his employment, his connection with the New York office of Goldman Sachs was confirmed by his lawyer, Edward Burke Jr, with the New York Times. This fact was independently confirmed and verified by Reuters.

According to the report, Lee had rented the home in East Hampton with his wife for the whole month of August. When arrested, it was found that an unnamed woman was sexually assaulted inside the rented home, where other guests were situated. 

Rape also has investment and productivity consequences. In the aftermath of the gang rape cases in New Delhi, India, a survey undertaken by the Associated Chamber of Commerce and Industry in India found that many women insisted on leaving early or on time, lowering overall productivity in the IT sector by as much as 40%.