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mises
Joined: 05 Nov 2007
Location: retired
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 Posted: Fri Feb 06, 2009 3:04 pm Post subject: Using company credit cards for hookers... |
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...doesn't only happen in Korea:
http://rawstory.com/news/2008/Wall_Street_CEOs_investment_bankers_charged_0206.html
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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 pleaded 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.
But the pressure from New York's finest prosecuting team was nearly zero, Davis said.
"They showed no interest," Davis quipped, alleging that they ignored that numerous corporate titans had used her services.
"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."
District attorney Robert Morgenthau's spokesman was said to have "no comment" on the handling of Davis' case or her allegations.
Davis provided the network with a print-out of her computerized client list, the same one she says that she offered the district attorney.
Among the names the network says it confirmed
* a vice president of NBC Universal (owned by General Electric)
* the part owner of a Major League Baseball team who "loves Kelsey"
* 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"
* 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
* 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"
ABC said in their broadcast that for the individuals mentioned above, they could not confirm that the payments were made on corporate cards.
Davis told the network she disguised the charges in various ways so they would appear to be legitimate business expenses when accountants sifted through credit card statements. One CEO, she said, ordered her to send him invoices for "roof repair on a warehouse" to disguise the charge for prostitutes from corporate funds.
Davis says she hasn't yet decided whether to release the full 9,800-name list publicly. |
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Xuanzang
Joined: 10 Apr 2007
Location: Sadang
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| Posted: Fri Feb 06, 2009 6:26 pm Post subject: |
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| Happens in the UK as well. Max Mosley and his Nazi theme orgy... |
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madoka
Joined: 27 Mar 2008
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| Posted: Sat Feb 07, 2009 10:14 am Post subject: |
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Hrmph. From reading Dave's, I thought that Koreans had an absolute monoply on:
- prostitution
- dishonesty
- wife beating
- being bad bosses
- spitting
- urinating in public
You mean the collective wisdom of Dave's is wrong?!?!?!  |
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Chuvok
Joined: 25 Jan 2009
Location: Russia
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| Posted: Sat Feb 07, 2009 10:56 am Post subject: |
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| $2,000 an hour prostitutes |
Holy crap!  |
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Joe666
Joined: 19 Nov 2008
Location: Jesus it's hot down here!
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| Posted: Sat Feb 07, 2009 1:19 pm Post subject: |
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Chuvok writes:
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Quote:
$2,000 an hour prostitutes |
Holy crap!
Holy crap is so accurate. These females have to be ultra "smokin" and clean. It amazes me that these people actually charge these encounters and don't even think twice about it. Do they think they won't get bagged or are their ego's so inflated they just don't care. You hear about this stuff on the news from the U.S., England etc. If I was a CEO and heard any other official or officer getting caught in any illegal or shadey situation, the first thing that would pop into my head would be " that will not be me". Having your name plastered on the news for all to see. |
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Sat Feb 07, 2009 6:27 pm Post subject: |
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So many levels of the business out there.
I suppose each serves a purpose.
A quickie on lunch break or on the way home from sojuing with coworkers after work. That's what yeogwans are for, right?
If I were single and had to attend a formal affair, I might custom order a date with a guaranteed (paid for) night alone with her afterward.
BUT a high-profile person doing this with the knowledge and camaraderie of high-profile friends and acquaintances, served by a high-profile madam?
Do they REALLY expect to NOT be exposed? |
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patricktravels
Joined: 05 Feb 2009
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| Posted: Sun Feb 08, 2009 2:24 pm Post subject: Investment bankers |
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I think with all we have seen from Wall Street lately, this is just the tip of the iceberg.
I wonder if AIG and BOA are using the Bailout/Tarp money for hooker parties. lol |
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Xuanzang
Joined: 10 Apr 2007
Location: Sadang
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| Posted: Sun Feb 08, 2009 4:14 pm Post subject: |
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| many Wall St. firms still had their lavish Christmas parties with the economy in the shitter. Most likely they're spending the bailout money on hookers and coke. |
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Fishead soup
Joined: 24 Jun 2007
Location: Korea
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| Posted: Sun Feb 08, 2009 6:27 pm Post subject: |
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| Chuvok wrote: |
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| $2,000 an hour prostitutes |
Holy crap! |
That would give you a lot of Bang on Soi 6 |
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