THE LAST BAD DECISION SLIPPED OUT OF HIM AS EASILY AS WATER OVER A FALLS.
He’d filled out the paperwork demonstrating that his law firm, Jeffrey D. Grant & Associates, had suffered economic hardship in the wake of 9/11, embellishing only a little to buttress his claim.
In Grant’s own mind, he had done nothing wrong. What did it matter that his firm was not in the shadow of the Towers, not in Manhattan at all, but way out in Mamaroneck? The ads on the radio said Westchester County businesses also were eligible for disaster relief loans. And when he called the people down at the Small Business Administration office, they confirmed his eligibility. Next came the application: He wrote down the correct and proper Mamaroneck address required of him — then he added, for good measure, a not-so-correct and proper Wall Street address. “I was desperate,” Grant recalls. “I needed that money. There was no question in my mind that my motive was to say anything I had to say — and so I described an office situation in New York that just wasn’t true.”
It wasn’t entirely false, either. Grant had an agreement with a firm at 40 Wall Street to use its conference space for the convenience of his Manhattan clients. “But I don’t think I had ever actually used the space,” Grant says. “And losing it would have had zero economic impact on my firm."
Why did it not occur to Grant that he had crossed into ethical badlands? Perhaps because he’d done it already, in a rash attempt to save his once high-flying firm from ruin: “I was spiraling down. My firm was completely out of cash.” When the day came, in 2000, that Grant could not make payroll, desperation got the better of him: He borrowed from clients’ escrow accounts without their knowledge, setting in motion a New York State attorneys’ grievance committee investigation.
That investigation was still in progress on September 11, 2001. Unknown to his family and friends, unknown even to his employees (who nevertheless had their suspicions), the firm was as good as dead, and Grant himself faced the prospect of disbarment. So great was the weight of these secrets that he was vomiting up blood. Not only that. He had ballooned to 285 pounds. He drank too much. And he was addicted to opioid painkillers—first Demerol and then OxyContin. “I took things to wake up. I took things to go to sleep. I was a mess.”So in the darkening whirlwind of his life, what did a little embroidery on a loan application matter? The loan came through—$247,000—an answered prayer, a well of tears.