Police bust prostitution ring catering to Wall Street

I guess this is how they use their taxpayer bailout money and tax breaks to stimulate the economy.

http://news.yahoo.com/police-bust-prostitution-ring-catering-wall-street-210925038.html

By Bernd Debusmann Jr.
7/20/2011

NEW YORK (Reuters) - A high-end prostitution ring catering to Wall Street clients who often would spend over $10,000 for a night bingeing on sex and cocaine has been busted and 17 people indicted, authorities said on Wednesday.

"The business of high-end prostitution is enormously profitable," Brooklyn District Attorney Charles Hynes told a news conference, adding that the ring earned more than $7 million over three years.

Hynes said clients often spent in excess of $10,000 in a single night. He said they were "all high-end customers coming from the financial markets. People with nothing but money."

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.

Police said the sophisticated business ran several escort websites and used dummy corporations with misleading names and codes during business-related phone calls.

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