If you are a normal person, last night you wisely decided to skip 20/20's segment on Fabian Basabe, the party circuit fella who's had the superlative "It boy" attached to him far too long for him to be "It anything" anymore.
Lucky you, then, that the segment is available online. You've already read about the highlights (damn those blogs ruining the payoff!), but it's worth revisiting how we went about getting his first – and only – real job: He called 411, asked for the nearest investment bank (it was Morgan Stanley), walked in without an appointment, asked to see the HR director, and professed that he could bring his "relationships" to the table for unmatched success. Then they asked him to come in at 8am and have lunch at his desk. You know, without another person present or a waiter to refill your Pellegrino.
Says Fabian: "It just wasn't interesting enough for me." Maintaining the image of a heterosexual heir to a business fortune? Much more interesting. And no alarm clock or 401k to worry about.
Editorial Director
In addition to going to parties and screaming racial slurs against people, the thing Fabian loves to do the most is boast about how filthy stinking rich he is. Well, it seems that his boasts are emphasizing the stinking part, like the lie that he's very well hung and a top.
This Average Joe nelly bottom is apparently not quite as well-off as he would like us to believe.
Fabian and his beard / wife not only had to fly commercial, but a they were on a flight with a friend of ours this Tuesday from New York to Miami and Basabe flew coach!!
"Fabian kept looking around, as if wondering whether people were recognizing him. No one did," reports our friend.
To add insult to injury, Fabian and his pearly wife didn't even have a driver pick them up at the airport. Nada. Zip. Zilch!
OK, now I am practically a bona fide Basabe expert. this guy has spun a tale of complete lies. He says he is from a rich family in Ecuador, but my sources there say it's not true (I just talked to them on IM). At some point, he claimed he and his wife were staying in an apartment owned by his parents, but his parents do not own any property in NY. They really own no property anywhere. A creditor bailed them out of some problems they were having about 4 years by putting up 200000 against their home in Bay Harbor, FL, which they purchased for like a small sum, like 250,000 10 years ago. That is all the property they own that is if they still do. they sold a place on Lake Placid to someone for like 180,000.
These people are not millionaires - rather, they owe millions. This is too hilarious. I really hope his wife, who is a La Perla heiress, is aware of the fact her husband is flat broke and comes from no money. There are some extremely wealthy families in Ecuador, as wealthy as many here, but his family is not one of them. It's a small group and all the Ecuadorian elites know each other (Noboas-as in the richest family-, Febres Cordero, Estradas, Barahonas, Gilbert, Ortegas, Moeller, Knezevics, Valdanos) and they marry each other. I am having fun figuring this guy out, never heard of him before but he is like the biggest fake I have ever known. What a loser. I hope he reads this.