A 28-year-old Jefferies banker who died late last month is suspected to have been the victim of an accidental drug overdose, The Post has learned.
Carter McIntosh, a junior tech banker who previously had done stints at Goldman Sachs and Moelis, was discovered dead by a friend at his Dallas apartment on Monday, Jan. 27, according to a police report obtained by The Post.
The unidentified friend had last seen the young banker around 7 p.m. the previous Saturday evening, the report said. On Monday at 11:05 a.m., the friend gained access to his apartment for a “welfare check” with the help of building maintenance and found his lifeless body.
Five minutes later, Dallas Police officers arrived at McIntosh’s apartment in the upmarket Bell Knox neighborhood, the report said. They found McIntosh’s body under a blanket on a couch in the living area. He was pronounced dead just before noon.
The report said McIntosh’s death was “an apparent accident.”
Police found “drug paraphernalia” at the scene. Investigators said they were probing a “possible overdose” and an alleged “history of illicit drug abuse.”
“A black dish containing a white powdery substance, a plastic bag containing a white powdery substance, and a rolled up 100 dollar bill were present in the kitchen area,” Dallas police officers wrote in the report to the medical examiner.
“Multiple cans of Zimo brand nicotine pouches were also present,” the report added.
Officers also cited an interview with McIntosh’s father, Scott, who said that his son had been taking medication for attention deficit disorder, more commonly known as ADD.
He told police that he was unaware of “any illicit drug abuse, alcohol abuse or smoking.” Scott McIntosh did not respond to The Post’s request for comment.
The name of the drug found at the scene has been redacted by the city’s medical examiner, which is probing the cause of McIntosh’s death.
A source close to the investigation said a full autopsy report will not be released until the results of toxicology tests become available in four to six weeks time.
Authorities have not yet identified the white substance that they found at McIntosh’s apartment, but Adderall is a commonly prescribed drug for those with ADD.
It is also widely used by stressed-out students and workers in several fields, including on Wall Street.
The Wall Street Journal reported in December how financiers were grinding up and snorting pills of the medication to keep up with their brutal working hours.
A Jefferies insider told the Post that its use was widespread at the firm, but also at rival banks across Wall Street where staffers struggle to keep up with the industry’s punishing workload.
“Tons of people at the bank take it,” the source said on condition of anonymity because they were not authorized to speak to the media.
A Jefferies spokesman declined to comment.
Mcintosh previously worked at Moelis and Goldman Sachs in New York as an analyst after graduating from Seton Hall University with a degree in finance.
The banker only joined Jefferies in September 2023, according to his LinkedIn profile, and worked on the firm’s technology, media and telecoms team.
His peers described him as “well-liked” with “a great sense of humor.”
Wall Street’s brutal working culture was once more placed under the microscope after the death of Bank of America investment banker Leo Lukenas, 35, last year from a blood clot.
Before his death, Lukenas had been looking for another job because he was pulling 100-hour weeks in the office.
While there is no evidence that death was linked to his work, JPMorgan moved to cap work weeks at 80 hours after the scandal.
But that same month, Lazard CEO Peter Orszag gave an interview to Carlyle founder-turned-podcaster David Rubenstein in which he dismissed concerns about young financiers suffering from burnout.
“There are many professions where you can’t get around the effort part of it,” the former Obama administration official said, claiming the financial services giant creates a “sense of excitement” for its newer hires.
He warned potential recruits that a high-flying Wall Street career was not “make-work” — a term for meaningless jobs created just to keep someone busy.
