CEOs, Bankers Used Corporate Credit Cards for Sex, Says New York Madam:Reveals Client List of 9,800

[Emit]

Wall Street Exposed as Convicted Escort Boss Reveals Client List of 9,800

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.

But 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.

~snip~

The Clients

Among the names ABC News was able to confirm on the list:

a vice president of NBC Universal

the CEO of one of the country's largest private equity firms who met "Cameron" at the Peninsula Hotel

a major New York real estate developer who, according to the list, "will come to the door wearing women's panties," and who spent nearly $100,000

a partner at the Wall Street law firm Cravath Swaine Moore "looking for a party girl to come fully equipped" and spent a total of $20,000

the part owner of a Major League Bas

an investment banker from Lehman Brothers who saw "Kelsey and Keely together" and later saw "Aria and Skyler at the same time"

an investment banker at JP Morgan Securities who "loves Brooke" and spent $41,600

an investment banker at Goldman Sachs who "only wanted all-American girls" and spent $27,000

a managing director from Merrill Lynch who saw "Lana" using the name "Nataly"

a managing director from Deutsche Bank "who called about seeing Nataly again"

~snip~

At the high end was an escort service called Carlyle Trust, mimicking the name, but not connected in any way, to a prestigious investment firm. Davis said she recruited top fashion models who charged up to $2,000 an hour for clients of Carlyle Trust.

~snip~

But it came to a screeching halt last year in the crackdown that followed the revelation that then-New York Governor Eliot Spitzer was client #9 of a rival escort service. In a book to be released Feb. 6, "Manhattan Madam," Davis claims Spitzer had earlier been a client of her service but was banned because of his aggressive behavior trying to get girls to have unprotected sex with him.

~snip~

"I, as the proprietor of a business get arrested and lose everything, when no one that was frequenting my business, spending $200,000, $300,000 a year, has been punished in any way or even looked into." Patricia Pileggi, a defense attorney who has represented a Madam, said that targeting the Madam and not the clients does nothing to deter prostitution.

http://abcnews.go.com/Blotter/WallStreet/Story?id=6813806&page=1

[Captain Hilts]

1. On a company card, wouldn't they be taxed as 'business expenses'? That's fraud. nt

[Liberal_in_LA]

2. "a major new york real estate developer"... hmmmmm?

[PM Martin]

7. With a tupee and a model wife from Germany and a new baby.

Has written several books promoting himself......

[Liberal_in_LA]

8. ..and two former wives and a reality TV show

[PM Martin]

9. And a private 727 "business" jet.

[Occam Bandage]

3. Wow, rich and powerful people acting as if the rules of society don't apply to them?

This is surprising!

[Sen. Walter Sobchak]

4. how hard could it be for these guys to get laid?

Wall street lawyers, investment bankers, CEOs and media executives

You would think every aspiring gold digger in the N.E. would be lining to blow them

[Cerridwen]

5. Perhaps "gold diggers" have better taste. n/t

[PM Martin]

10. I agree with you.

Strange that they would have to go and buy it.

[aquart]

11. Not at all. They're married.

They don't want a girlfriend who will call the wife.

They're paying for discretion as much as anything else.

[LeftyMom]

14. Gold diggers are more expensive in the long run.

They want presents.
They get pregnant.
The wife finds out.

[ddeclue]

16. So a $2,000 an hour hooker is cheaper than a $2,000 an hour divorce attorney?

:rofl:

[Old and In the Way]

6. I could have sent them all around the world for 1/500 of the cost in HK

Damn, they should have asked OAITW.

[ddeclue]

15. Are you suggesting that they outsource their hookers?

the same way they've already outsourced all the other jobs in America?

Are you trying to put these American hookers out of work?

:rofl:

What's next? Outsource the phonesex phonebank to India?

:rofl:

Doug D.
Orlando, FL

[exboyfil]

12. Two sets of rules

The governor of New York used his public expenses credit card to get rooms for himself and his mistress when he was Lt. Gov.

Most normal folks are made to use Corporate Cards for their expenses, and they are on the hook for those expenses if their employer refuses to pay them (such as in a termination situation). My particular charges get reviewed by my boss, and anything out of the ordinary will quickly get flagged and soon lead to dismissal. They want to see every hotel bill so, shudder, a $10 movie purchase does not get through.

What gets me are these people are already incredibly wealthy, but they still see the need to stick their company with their "entertainment". It really does not matter whether it is a call girl or purchasing a big screen TV, it is conversion of funds for personal use and should be punished.

[ddeclue]

13. So a $2,000 an hour executive hires a $2,000 an hour hooker...

how can you tell them apart?

:shrug:

:rofl: