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February 6th, 2009
12:18 PM ET

CEOs, Bankers Used Corporate Credit Cards for Sex, Says New York Madam

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/US/12/17/credit.card.rates/art.visa.cards.gi.jpg]

Anna Schecter, Rhonda Schwartz and Brian Ross
ABC News

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.

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soundoff (7 Responses)
  1. Annie Kate

    Using your Visa to pay for an afternoon or evening with "escorts" that help the stress slip away......PRICELESS......

    February 6, 2009 at 6:28 pm |
  2. williams maldonado

    i just want to ask :can the people sue the congress for leting thi s nation deep ? pain and sufering? careless? stupid?

    February 6, 2009 at 4:27 pm |
  3. Cori

    This is unacceptable. Nothing was being done to stop this, even though a lot of people knew what was going on. It's sad that we tolerate this as the "culture" of wall street. Now American taxpayers have to pay for the outrageous credit card bills of brothels, drugs and whatever else was part of their "package" deal. How sick that we sit by and do nothing, and they get away with this. What is this country turning into? America is losing her pride and value very quickly with more and more scandals surfacing daily, and I'm embarrased to be associated with such a corrupt government. The attitude of our government needs to change before it's too late. They need to protect American's, not slap us in the face with this kind of bull, then stand by and do nothing. I'm disgusted.

    February 6, 2009 at 4:10 pm |
  4. Skully

    This is a Surprize...?
    To whom...?

    February 6, 2009 at 1:02 pm |
  5. sherry

    These people are are out of control...

    February 6, 2009 at 12:57 pm |
  6. Saad, NJ

    Nothing new or unknown here. This is part of capitalism. Humans who are in a position take advantage and fulfill their greed, whether financial or sexual, with exceptions of course, will do so! Greed is part of the human brain and runs in the human blood. In capitalistic environment, it takes tremendous amount of courage to fight it and let one's morals rule versus greed ruling the morals. Not many can do it.

    While appreciated, this story does not add any value. This is normal.

    February 6, 2009 at 12:56 pm |
  7. Cindy

    Seeing how these corporate execs live and run their businesses nothing surprises me at all now at what they may do or have done in the past. It doesn't shock me at all hearing that they used company money to pay for sex. There is no telling what all they did or still do. That's why they need to be watched more carefully!

    Cindy...Ga.

    February 6, 2009 at 12:48 pm |