‘Psychotic’ ex-financier blew millions on strangers

A “psychotic” former financier blew millions of dollars on presents for strangers, including luxury cars and cash gifts, while Bank of America failed to raise concerns, a lawsuit in New York claims.

Bank of America is being sued by the brother of the multi-millionaire who, following a helicopter accident which left him psychotic, went on a spending spree, blowing millions on strangers.

Jeffrey Horan, aged 43, a former Lehman Brothers and UBS financier, bought lavish gifts for people he hardly knew — including a $460,000 (€352,620) Lamborghini for a New Jersey contractor, and a $72,000 Mercedes for a woman from Queens, according to a lawsuit filed in Manhattan.