Ex-Citi Managing Director Pleads Guilty in Rape, Child Porn Case

A former Citigroup Inc. managing director pleaded guilty to drugging and sexually assaulting women as well as purchasing child pornography.

Edward Gene Smith entered his plea Tuesday in Manhattan federal court as part of a deal with prosecutors. Dressed in prison fatigues, he admitted that he intentionally drugged two women in order to have sex with them. Smith, 50, also confessed to buying and possessing pornographic images of minors.

The former banker had been scheduled to go on trial in March. Smith is now scheduled to be sentenced on May 8. As part of his plea agreement, prosecutors agreed not ...