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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. Smith pleaded guilty to sex crimes, child pornography possession, and obstructing justice.
  • Smith lured vulnerable women to his New York Central Park residence using financial promises, then used drugs to incapacitate them before raping and sexually abusing them, prosecutors said. He hid behind a facade of respectability as a well-educated bank executive to draw in victims.
  • Evidence included tens of thousands of files of "horrifying" child sexual abuse material depicting infants. Smith understood the harm he caused, having written in the Harvard Crimson in 1998 that "the right to say no to sex is a human right."
  • Smith's lawyers claimed autism spectrum disorder was the "primary driver" of his crimes, but prosecutors called this "inflammatory nonsense" and "an offensive smear to those in the autistic community." Citigroup stated it terminated Smith immediately upon learning of the law enforcement 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." He expressed remorse and claimed to have reconnected with his loving family.
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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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