Morgan Stanley executive William Jennings, 47, was charged Wednesday with assault, theft of services and intimidation based on race or bigotry.
Police say Jennings refused to pay the $200 fare, threatened the driver and used racial slurs in December. He's free on $9,500 bail.
Jennings denies the allegations. His lawyer says when Jennings disputed the fare, the driver abducted him in an attempt to return to New York and Jennings accidentally injured the cabbie with a pen knife in a struggle before jumping out of the taxi.
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