Updated: High-End Wall Street Prostitution Ring Busted

Tyler Durden's picture

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.

Update: as expected, here is the NY Post:

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.

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ads56's picture

Taking money from grandma and using it on bitches and coke! Now thats Hope and Change for you!

Dr. Richard Head's picture

Coke and Strange....bitchez

Herd Redirection Committee's picture

You know none of the Big Boys will be busted.  They aren't even into women!

Does any one even remember the White House call boy scandal???  Boys Town?  The other Larry King?  Franklin Credit Union?  The suppressed documentary "Conspiracy of Silence"?

Pladizow's picture

Client # NINE, 10, 11, 12.......

What idiot thinks this will EVER stop.

Simply more wasting of the tax payers money!

gmrpeabody's picture

If your tight with the current administration, you will be spared. All political opponents watch out. They call this social justice.

knukles's picture

++++++++++++++++

"social justice"
Beautiful.

Doña K's picture

The reason for the bust is that this escort service was not sharing the proceeds with the right NY protection team. The other one was paying more. Business is still robust, just the escort services names were changed.

Wall street is built on supply and demand, offer and acceptance. If the money and the demand is there, supply will follow. Hell these guys fly them to St. Barts for the weekend were they keep their yachts. Sheepshead bay is so banal and within territorial waters.

Would any of you guys get excited with chemical blondes from Brooklyn that talk like Cindy Lauper? No offence Cindy we love you and your accent has been refined over the years. 

Fundemental Principles's picture

You know why 6 is afraid of 7?

Because 7 ate 9.

Spitzer's picture

He was too insecure to get a prostitute becasue his wife wasn't putting out. Instead, he was after 16 year old stun cunts on the internet and stunned, he got.

All women leverage sex for money, its natural.

Popo's picture

I for one see nothing wrong with a bunch of hard working Bulgarian chicks taking thousands of dollars from a bunch of fat little  pigmen.

Consenting adults and all that.

I find it deeply disturbing that we can find the time to bust these guys for banging a few sex workers, but we can't seem to bust them for stealing a couple trillion dollars.

Only in the twisted religio-fascist society that is Amerika.

hedgeless_horseman's picture

Thanks for saying what I feel, Popo.  Good monkey.

Bicycle Repairman's picture

While consensual sex for money between consenting adults may not bother you, keep in mind that these "playas" are now potential blackmail victims.

cossack55's picture

I would think they took that dive off the board long before they discovered these chicks. 

SilverIsKing's picture

None of these guys got busted. None of them will get busted.

cossack55's picture

Spot on old boy.

+1793

Djirk's picture

LEGALIZE IT.....tax revenue bitchez

JimBowie1958's picture

I find it deeply disturbing that we can find the time to bust these guys for banging a few sex workers, but we can't seem to bust them for stealing a couple trillion dollars.

 

History is full of cases of espionage/blackmail rings involving prostitutes and drugs. It is not merely a case of prudery to want this moral degeneracy squashed.

As to the theft of trillions, I agree with your objection, but I would settle for whatever the prosecutors can get on these bastards even if its jay-walking.

NumberNone's picture

All I can say to everyone involved is be very careful.  Washington Madam being suicided should be warning enough. 

http://abcnews.go.com/Blotter/story?id=4765743&page=1 

Popo's picture

> " It is not merely a case of prudery to want this moral degeneracy squashed." "moral degeneracy"? LOL? In your case it certainly appears to be prudery. ,

jeff montanye's picture

not only that but primarily its illegality makes it a conduit for blackmail (like homosexuality before it -- see "advise and consent"). bust them for the awful economic harm. someday, someday ....

Saxxon's picture

Who cares.  They have the money and the appetite, why should I make it my business.

Amerika truly has a fascist, bible-thumping streak.  90% of the rest of the world does not give a damn about this.  You know who does?  Fanatics, mostly Moslem fanatics.

Harlequin001's picture

Not sure what to make of this, sounds like you're saying that the US is full of fascist, bible thumping Muslim fanatics?

earnulf's picture

I'll just point out that Al Capone was nailed...on tax evasion

Freewheelin Franklin's picture

What about the CHILDREN!!! Think about the children.

 

Um ,is it really necessary to put the sarcasm tag on this?

Zero Govt's picture

"Prudery" amongst ZH'ers ?

Global Central Banks: 15 Comments

Buffet Busted Lying: 48 Comments

Hi-End Sex Ring: 220 Comments

Sex & Sin sells and stimulates debate at ZH ...now back to Church with you and hide that Playboy inside your copy of BusinessWeek just for good measure

 

idea_hamster's picture

Now I see what they meant by "trickle down"....

MsCreant's picture

Ewwww! Whose lemon did you squeeze for that joke?

idea_hamster's picture

I've grown accustomed to getting skrewed by TPTB.

It's the donkey punch at the end that gets my dander up.

MsCreant's picture

I was actually being a good bit nastier than you Mr. Hampster Sir.

Ole' Led Zep number:

The Lemon Song

"Squeeze me, babe, 'till the juice runs down my leg..."

 

 http://www.youtube.com/watch?v=5tHHRpAzGcM

Juan Wild's picture

that line was originally from Robert Johnson's "Traveling Riverside Blues"

Herd Redirection Committee's picture

You know none of the Big Boys will be busted.  They aren't even into women!

Does any one even remember the White House call boy scandal???  Boys Town?  The other Larry King?  Franklin Credit Union?  The suppressed documentary "Conspiracy of Silence"?

Oh regional Indian's picture

Nice list. All forgotten.

Even the current Resident has quite th ehistory. All forgotten. Mayor of Chick-ugho too.

All rather strange.

And what IS with those scars on Obama anyways?

Freaky stuff.

ORI

http://aadivaahan.wordpress.com/2011/04/15/the-death-of-empathy/

MobBarley's picture

'Death Ranch', about George Juniors little Satanic Cult fun in Brownsville texas

and the mystery surrounding the death of all 18 of his fellow cultmates whilst

President Daddy bush prevents any further inquiry into same.

 Oh yes, the truth really is much stranger than fiction.

 

spekulatn's picture

Coke and Strange....bitchez

 

BRILLIANT!!

Clueless Economist's picture

Hope and change for granny...or the hookers and their johns?

TERRY INGRID HILLSON

MFL8240's picture

Brilliant!  Thats who the bankers are, the absolute scum of the country.

Arius's picture

it supports the economy on both counts ....

jus_lite_reading's picture

Really this shit has been going on for years.... the year before my retirement there was a big YE party and I refused to attend knowing good and well that there would be drugs and prostitues there. Sure enough I heard the following week that 2 "rigs" were found out by their wives... LMAO quietly buried under the rug... so as not to ruin the reps...

bankrupt JPM buy silver's picture

Does it look like Blanky is even into btichez?  I dont think so....

TruthInSunshine's picture

Clickbait!

You're entitled, ZH (every so often).