Friday, February 6, 2009

Wall Street Execs Charge Prostitutes to Corporate Credit Cards

This is rich. Or, more accurately, disturbing and sad. It certainly doesn't inspire confidence in the well-heeled corporate executives who run the nation's financial sector.

ABC News is reporting that the high-flying corporate players on Wall Street have been using corporate funds to pay for sex.

On the program 20/20 tonight, the network will air an interview with a woman who has pleaded guilty to running an exclusive New York prostitution ring. The story also takes on the Manhattan district attorney for looking the other way.

Here's the lead of the story from ABC.com:

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.

7 comments:

Man of the West said...

Maybe they ran into Elliott Spitzer from time to time.

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