Readers in New York may have heard of a recent case involving a high-ranking Morgan Stanley banker who is now facing serious charges following a late-night taxi ride. The 47-year-old has been accused of stabbing a Middle Eastern cab driver and using racial epithets. The banker must now face allegations of second-degree assault, theft of services and intimidation by bias or bigotry.

The banker was reportedly on his way home after a charity event in Manhattan when the incident in question occurred. According to the man’s attorney (not affiliated with this firm), the banker refused to pay an exorbitant cab fare and was held captive by the driver.

The banker lives in Darien, Connecticut, about an hour away from Manhattan. For the cab ride, the driver apparently demanded $294, which the banker refused to pay because it was roughly double the amount he was accustomed to for the same ride. The driver then apparently threatened to take the man back to New York City if he didn’t pay the fare.

The banker’s attorney said the cab driver at that point locked the doors of the taxi and sped away with the banker still in the vehicle. The 47-year-old was apparently unable to open the doors from the inside.

As the cab approached the Connecticut Turnpike, the banker pulled what was described as a pen knife from his bag. The driver apparently grabbed the knife, at which point the banker managed to exit the cab and run about a mile back to his home.

The man’s attorney says his client did not stab the cab driver or use racial epithets. Rather, the banker was “taken against his will” and did not immediately report the incident because he feared for his own safety and the safety of his family.

Other New Yorkers who are concerned with assault charges will likely want to keep an eye on this case as it moves through the court system. As with many criminal cases, there could be mitigating circumstances that result in criminal charges being reduced or dropped.

Source: Deal Book, “Morgan Stanley Banker Charged With Assault,” Kevin Roose, March 2, 2012