High-End Wall Street Prostitution 2011
Another day, another high end Wall Street prostitution ring busted. Reuters reports that seventeen people were indicted on Wednesday on charges of running a high-end prostitution ring that catered to Wall Street clients who often spent more than $10,000 in a night, authorities said. The ring pulled in more than $7 million over three years, Brooklyn District Attorney Charles Hynes said at a news conference. The prostitution service, named High Class NY, was run 24 hours a day out of an office in Brooklyn and charged from $400 to $3,600 an hour for its services, according to the 144-count indictment. It also provided customers with cocaine and other narcotics, the indictment said. Hynes said clients often spent in excess of $10,000 in a single night. Oh we just can’t wait for the discovery on the client log on that one. And with the IRS about to get involved you bet there will be some high profile fallouts.
Police said the business was extremely sophisticated, running several escort websites and using dummy corporations with misleading names and codes during business-related phone calls.
High Class NY even had a law firm draw up employment contracts for its prostitutes, who described themselves as models and fraudulently agreed to refrain from sexual contact with clients, police said.
“They were on the high-end of sophistication,” said Vice Detective Joe Panico.
Among those indicted were High Class NY owner Mikhail Yampolsky and his wife Bronislava, who allegedly used the proceeds from their business to finance expensive trips to Atlantic City and luxury car purchases, Hynes said.
Also indicted were Yampolsky’s son Alexander, step-son Jonathan, 11 managers and supervisors and two investors, Efim Gorelik and Yakov Maystrovich, he said.
Each of the investors had put $700,000 into High Class NY and were being paid back with interest, he said.
Sorry: no client names yet. We give the NYPost and other self-respecting tabloids exactly 30 minutes before this status quo is changed.
Sadly for the economy this means that the money multiplier has just declined by at least one quarter turn:
One client of the Sheepshead Bay-based escort service, High Class NY, dropped a stunning $170,000 for its steamy services over just a year, revealed Brooklyn District Attorney Charles Hynes.
No john was being charged at this time, although Hynes ominously said, “We’re considering that.”
“I’ve been informed that customers are all high-end customers, coming from the financial markets many of them, hedge fund people, people with nothing but money, willing to pay these enormous amounts of money for God knows what,” Hynes said.
She admits that three months after the surgery she had sex with ten different men at a swingers’ party.
He was the Sheriff of Wall Street, a moral crusader committed to bringing down those who fell short of his own exacting standards.
Now he is just Client 9, another rich punter with more money than sense, who paid $1,000 an hour for a high-class call girl – and was caught out. The biter has been bitten.
Eliot Spitzer, governor of New York state, was caught out on a tapped phone line making arrangements for a prostitute to meet him in a Washington hotel last month. Ironically, what prompted the phone-tapping was the unexplained transfer of large sums of cash from his bank account.
Alerted by the bank and the Internal Revenue Service, the FBI suspected Spitzer was involved in either bribery or money-laundering.
In fact, the governor paid $4,300 (£2,200) to an upmarket call-girl service called the Emperors Club to arrange for “Kristen” (a “petite brunette”) to travel by train from New York to Washington. Their tryst took place on February 13.
CALLING THE SHOTS: Eliot Spitzer and wife Silda
It seemed clear from the tapped phone call that this was not the first time the governor had used the services of the Emperors Club. But it is the train tickets that might prove his undoing: while the customers of prostitutes are rarely charged, an old law forbids the movement of prostitutes from state to state.
The 48-year-old former attorney-general of New York, who was tipped as a future Democratic candidate for the presidency, has already cringed his way through a public televised apology to Silda, his wife of 21 years.
Without explicit reference to his behaviour, Spitzer said he had “acted in a way that violates my obligations to my family and in a way that violates my – or any – sense of right and wrong. I apologise first and most importantly to my family. I apologise to the public, whom I have promised better.”
While that may have assuaged Mrs Spitzer, who stood grim-faced at her husband’s side, it is not enough for the opponents who have watched the governor lord it over them as a self-appointed Mr Clean of politics.
“We don’t see how he can continue to lead,” says James Tedisco, the Republican opposition leader in the New York State Assembly. “He has broken his promises with his lack of ethics.”
Even Spitzer’s fellow Democrats admit the scandal is “demoralising”, perhaps because it evokes painful memories of the Clinton-Lewinsky debacle. As one commentator put it: “This is tantamount to Eliot Ness getting caught bootlegging whisky.”
The New York Times said: “Spitzer could not have been more wrong in his brief public appearance. His short, arrogant statement simply was not enough; not from the Sheriff of Wall Street.” The Wall Street Journal said: “Governor Spitzer, who made his career by specialising in not just the prosecution but the ruin of other men, is himself almost certainly ruined.”
But it was the Daily News which succinctly summed up most people’s views. “Spitzer brought his once-promising governorship to a crashing end with a display of recklessness and hypocrisy of such magnitude that you had to question his sanity.”
What makes a man pay for a woman when the cost, in every sense, is so high? The Emperors Club, an international escort service operating in New York, Washington, Miami, London and Paris, offers clients a choice of 50 women – models, actresses, exotic dancers and university students – and grades them for “quality”. Fees start at £500 an hour but a woman with a “seven-diamond” rating commands £1,550 an hour, rising to £2,750.
At those prices, it is no longer about the sex. After all, no matter how fancy the preamble in such encounters, the outcome is much the same. “Guys who contact me generally have the class not to mention sex,” says “Jet Set Lara”, a call girl who charges £5,000 a day. “It’s not their primary motivation: if it were, they could hire someone by the hour.”
It is, however, all about power. A man who can afford such fees is already very successful and admired professionally. People depend on him for their livelihood. He wields influence.
His paid-for companion must be worthy of such a man. She must be beautiful, intelligent, accomplished and know how to behave impeccably in discerning company. During their coyly named “private time”, she will make him feel as much of a god in the bedroom as he is in the boardroom.
Conversely, the mighty business mogul who is tired of being fawned over may hanker after someone who simply makes him feel like a man again. Henri II of France valued his lifelong mistress Diane de Poitiers as much for her intellect as for her other charms.
Today’s courtesans may look like they lead a millionaire’s lifestyle with gifts of jewellery and private jet travel, instead of titles and estates, but their value is intrinsically unchanged.
Consider what call girl Lauren Reed’s clients say about her. “She is the perfect companion at the most elegant restaurant and prestigious social event. She is equally enchanting during a casual evening in jeans. A few days of travel with her is bliss. This woman is special,” writes “Beach Bum” on Lauren’s website.
Manhattan-based Lauren is 26 and charges £1,800 for four hours. For an overseas engagement, she expects the client (she calls them “suitors”) to stump up for first or business class plane tickets. There are no refunds for cancellations within 48 hours.
She accepts payment (or “the donation”) in cash or “discreet wire transfer”. However, she warns: “If you choose cash, I kindly ask that at the beginning of our meeting, you present the donation to me either in a greeting card or gift bag, as it tends to avoid curious stares.
“Please do not make me ask for the donation, do not discuss the donation or any services. If you do, I will be forced to leave with no refund given. Business and pleasure can be a difficult mix so I prefer to get the business part out of the way quickly so that we may continue enjoying our time together as much as possible.”
She also offers pre-paid packages, which would presumably minimise potential embarrassment even more. In return, Lauren promises “a woman who is not only educated, socially adroit and articulate but is also a true sensualist with a warm smile and friendly attitude that will make you feel at ease.” She adds: “I am selective about the company I keep.”
Jet Set Lara, 32, is from an upper-middle-class family, speaks three languages and graduated from an Ivy League university. An experienced courtesan schooled her in etiquette and, thanks to the top-dollar rate she charges, she needs to see only one client a month and can afford the luxury of screening out potential clients who do not appeal. “If the chemistry is not there, I don’t bother.”
Amy Taylor, 28, can charge £2,800 for a dinner date. Her patrons describe her as “an enchantress” and one (Tim, from Ohio) even said he would ask her to marry him “if I were richer, better-looking and more athletic”. Times really have moved on when it is the client who feels he does not match up to the prostitute.