CEOs, Bankers Used Corporate Credit Cards for Sex, Says New York Madam

[EV_Ares]

Wall street lawyers, investment bankers, CEOs and media executives often used corporate credit cards to pay for $2,000 an hour prostitutes, according to the madam who ran one of New York's biggest and most expensive escort services until it was busted last year.

A look inside Wall Street's biggest prostitution ring.

More PhotosBut prosecutors in the Manhattan District Attorney's office chose not to pursue any of the corporate titans, says Kristin Davis, who pleaded guilty last year to charges of running a prostitution business that used more than a hundred women.

Some of these guys, I was invoicing on corporate credit cards," she said. "I was writing up monthly bills for computer consulting, construction expenses, all of these things, I was invoicing them monthly so they could get it by their accountants," Davis said.

A spokesperson said district attorney Robert Morgenthau had "no comment" on the handling of Davis' case or her allegations.

Davis provided ABC News with a print-out of her computerized client list, the same one she says that was offered to the district attorney.

The document shows Davis kept meticulous notes about her clients, their credit card numbers and mobile phone numbers.

Click here to see more photos.


The Clients:

Watch the story tonight on 20/20 at 10 p.m. ET

"They showed no interest," said Davis in an interview for broadcast Friday on the ABC News program 20/20.

Link to entire article: http://abcnews.go.com/Blotter/comments?type=story&id=6813806

[Phoebe Loosinhouse]

1. I don't think corporate expense accounts are supposed to cover prostitutes.

Elliot Spitzer at least paid with his own money.

I'd like to see the expense account reports these guys turned in. This is theft, plain and simple from the corporations and the stockholders who paid for these cards.

[whistle]

2. Tax payers cover blow jobs for these people because they put these on their expense accounts

[Kat45]

3. I saw the report. The woman running the service did jail time.

The authorities weren't the least bit interested in seeing her list of clients, ie none of the men were investigated/prosecuted--even though their charging their corporate cards would be a bigger crime than what they went after! She still has her client list and she's going to write a book (though she said she doesn't want to ruin anybody's life--to which I say, why the fuck not).

[burythehatchet]

4. Everyone got away with it except....

Eliot Spitzer who was about to bust the banking scams.