Wall Street CEOs, investment bankers charged prostitutes on corporate cards, madam says

[kpete]

Source: Raw Story

Wall Street CEOs, investment bankers charged prostitutes on corporate cards, madam says
John Byrne
Published: Friday February 6, 2009

Investment bankers racked up $100,000s in prostitution charges
Visa, Mastercard or American Express? Or maybe a credit card from JP Morgan Chase?

Wall Street CEOs, lawyers, bankers and media executives chalked up thousands of dollars in prostitution charges on their corporate credit cards -- swiping their cards for $2,000 an hour prostitutes, according to a New York madam who plead guilty last year.

Kristin Davis, the madam in question, went public to ABC News this week; ABC will be broadcasting her interview Friday at 10 pm. Davis says she has a list of 9,800 clients, many of whom she says New York prosecutors deliberately avoided when taking her case, even though she offered them her annotated client list.

In what's sure to create a media firestorm parallel to that of when a Washington, DC madam announced that she was publishing her client list (which included at least one senator), Davis' comments come at a time where incredible ire is already focused on Wall Street and banking executives. The pressure for her to release the list will certainly be immense.

"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."



Read more: http://rawstory.com/news/2008/Wall_Street_CEOs_investment_bankers_charged_0206.html

[UpInArms]

let's start naming names and taking numbers

and get these criminals (since that's what they are) behind bars and strip them of all their assets to fund the US Treasury that they looted.

[aquamarina]

1. And it keeps getting uglier and uglier

[Soylent Brice]

2. where did they swipe their cards? n/t

[snooper2]

3. $50 charge to use the front

$100 for the back :rofl:

[loudsue]

12. You did it this time!

:spank: :spray: :rofl:

[Hotler]

4. Remember Elliot Spitzer? eom.

[nichomachus]

5. No big deal

This only matters if you're a governor fighting corporate crime.

:sarcasm:

(did I really need to add the sarcasm thingy?)

[CubicleGuy]

6. Maybe I'm just naive...

... but what in the heck do they do that's worth $2,000 per hour?

Maybe it's just a supply-and-demand kind of thing...

[clixtox]

13. After an hour the "provider" and the "John" part ways...

That is usually what the "John" is paying for.

No encumbrances.

No whining.

No B.S.

Attractive enough recipient that medical stimulation is not necessary...

Like it possibly is back at home with the boring, no fun, SO.

Not so cheap thrills!

[girl gone mad]

14. Have you seen some of the guys that work on Wall Street?

Generally, the less attractive you are, the more you have to pay.

Also, they are hoping to avoid robbery and/or blackmail by being generous. Money makes these guys tick and they get a power trip from spending it to manipulate people.

[LaPera]

16. Does their ego soar after paying for it as well?

[lifesbeautifulmagic]

7. Well of course they did,

the the law enforcement agencies knew about it, imho, however, the word never came down to get them, as it did for Eliot Spitzer.

[PassingFair]

8. Filed in the "D for Duh" section .....n/t

She'd do well to remember Deborah Jeane Palfrey's
"suicide" in Florida after just such a list
surfaced....

[Raine1967]

9. Hope she doesn't end up like the DC Madam...

with nearly 10 thousand Clients I am more than sure there are a few well known names on her list.

[The Backlash Cometh]

10. May their peckers shrivel up and fall off.

[hvn_nbr_2]

11. Now there's a "suicide" just waiting to happen. nt

[GreenTea]

15. I'm so shocked....Just more "perks" for the corporate fucks? So it'll be on ABC TV tonight, will it

really?

[mod mom]

17. ABC link:

CEOs, Bankers Used Corporate Credit Cards for Sex, Says New York Madam
Wall Street Exposed as Convicted Escort Boss Reveals Client List of 9,800
By ANNA SCHECTER, RHONDA SCHWARTZ and BRIAN ROSS
February 6, 2009

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.


Brian Ross reports on the woman speaking out about the business of pleasure.

More Photos
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

"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.



http://abcnews.go.com/blotter/story?id=6813806&page=1