Stimulus Package? Manhattan Madam Claims Wall Street Fat Cats Charged Girls on Corp Credit Cards

20914.thumbnail.jpgKristen Davis, who pleaded guilty for promoting prostitution–she was the madam in the Elliot Spitzer prostitution case–says Wall Street CEOs and investment bankers used their corporate credit card cards to charge sexy romps at a stimulating cost of $2,000 an hour.

In an interviw with ABC’s 20/20 airing tonight, Davis says:

Some of these guys, I was invoicing on corporate credit cards. 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. 

Okay, prostitution is one thing–but fraud? Yikes!

Davis added that one CEO ordered her to send him invoices for "roof repair on a warehouse" to disguise the charge for prostitutes from corporate funds. When contacted by ABC, that CEO said he did in fact use a corporate credit card to pay for escorts to entertain clients but no sex was involved. Mmm hmmm.

Davis claims that after her arrest, the district attorney was not interested in going after any of the Wall Street executives on her client list. She told ABC:

I as the proprietor of a business get arrested and lose everything when no one that was frequenting my business or spending $200,000, $300,000 a year has been punished in any way or looked into.

She is currently debating publicly releasing her full client list. And what a list–Among the names ABC says it confirmed as clients:

* 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"

But ABC was not able to confirm that the payments were made on corporate cards, and a spokesperson for JP Morgan say the company is now lookng into the matter.

And yes, Kristin Davis’ new book–which spills the dirt on Client Number 9 and others–is out this week. Coincidence? Well, a girl has to make a living somehow…

20 Responses to "Stimulus Package? Manhattan Madam Claims Wall Street Fat Cats Charged Girls on Corp Credit Cards"
dakine01 | Friday February 6, 2009 01:56 pm 1

Stimulating discussions indeed.

I bet that CEO who admits using the corp. card didn’t really show “Emperor’s Club VIP” on his expense reports.


Teddy Partridge | Friday February 6, 2009 03:05 pm 2

Hope that lady gets some protection, and soon. Not the kind you get back by the pharmacists window, either — remember what happened to the DeeCee madame.

Best insurance is to put out lotsa names, and fast.


Frank33 | Friday February 6, 2009 03:09 pm 3

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

I am guessing Hanky Panky Paulson or Cash-and-Carry. At least they are buying American.


Millineryman | Friday February 6, 2009 03:09 pm 4

Publish the list.


BooRadley | Friday February 6, 2009 03:09 pm 5

Thanks Lisa.

digg

Allegedly, the Homeland Security sweeps of financials caught Spitzer, why didn’t they catch Republicans in the same net?

s
OMG, we’re losing the war on terror. We’re doomed!/s


Palli | Friday February 6, 2009 03:10 pm 6

Is there a collusion of interests between Wall Street corporate cardholders and the virulent legal attack on Gov. Spitzer? Just saying…


dosido | Friday February 6, 2009 03:15 pm 7

Oh, no wonder Hannity was talking about hookers while discussing the stimulus plan. He went from limos straight to hookers!

And I thought the market was “self correcting” and stuff like that.


dosido | Friday February 6, 2009 03:16 pm 8
In response to Frank33 @ 3

ROFLMAO or at least have green cards?


dosido | Friday February 6, 2009 03:17 pm 9

sorry O/t but a Texas businessman offered Bushie a job as a greeter at his home improvement store! ahahaaha! with employee discounts!

maybe that was in response to Home Depot macho dude?


SouthernDragon | Friday February 6, 2009 03:20 pm 10

At 2K/hr these sportsmen were using a lot of Viagra. Was Rush Limpdick their go-to guy for that?


Synoia | Friday February 6, 2009 03:20 pm 11

And they charged soom of the expenses to the TARP program, to prevent a droop in the economy.


Teddy Partridge | Friday February 6, 2009 03:21 pm 12

Gosh, can Kristen Davis come for a Book Salon?


SouthernDragon | Friday February 6, 2009 03:22 pm 13
In response to Teddy Partridge @ 12

ooo, virtual porn fantasy chat.


dakine01 | Friday February 6, 2009 03:22 pm 14
In response to dosido @ 9

Ya need to keep up with all the Lake front property. La Figa had that one last night


Kathryn in MA | Friday February 6, 2009 03:24 pm 15

The last madam who threatened to release her client list was suicided. i’d advise her to give the list to a lawyer, stat.


RevBev | Friday February 6, 2009 03:28 pm 16

Not afraid he’ll mess it up?


tejanarusa | Friday February 6, 2009 03:29 pm 17
In response to Frank33 @ 3

And it is the sort of business that’s tough to outsource….


Frank33 | Friday February 6, 2009 03:29 pm 18

Kelsey, Cameron, Keely, Aria, Skyler, Brooke, Lana, Nataly. I am glad none of these ladies are named Bristol, named after the home of ESPN.


tejanarusa | Friday February 6, 2009 03:30 pm 19
In response to Palli @ 6

You are not alone in that question.


Blub | Friday February 6, 2009 03:59 pm 20

wow. At this right, these people really are going to end up in gitmo. Heck, they’ll have to take them into protective custody just to keep them alive.


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