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.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
pcrs's picture

This will be the undoing of New York as financial centre of the world.

MsCreant's picture

Tell me this is a joke. You don't really think this matters to anyone do you?

pcrs's picture

<delete due to double post>

pcrs's picture

It mattered to the people who ordered them. It mattered about 10.000 $ a night to them.

MsCreant's picture

How does that undo NY as the financial center of the world? Could be I am being dense here, I don't get it.

Jendrzejczyk's picture

The entire world believed in their heart of hearts that Wall St. was the moral center of the universe.... home schooled children, no divorce, no vices. These revelations of debauchery and sin in the house of the holy crush all hopes, dreams and faith in all that is good in the world.

Shocked! Shocked to the core! :o

Superslam's picture

Bitchez, bitchez!

MobBarley's picture

Apparently, the Russians failed to understand

the monetary contract with their Italian and Irish

friends in the area.

 

Blano's picture

More good paying jobs getting outsourced.

pods's picture

Too funny.  I love the righteous indignation that several investors loaned the ring money and were paid back, with interest.  

Let's spend our time and effort in jailing consenting adults.  Yeah, that's it.  But enslaving generations with debt money is fine and dandy.

Why can't this whole thing just come burning down already?

Where the hell did they think all that TARP money would go?  Main street?  We called it years ago: Coke and hookers.

pods

 

lizzy36's picture

Perfect comment.

What is it about society that says "prostitution is bad" but "debt enslavement is good"?

And if every governmental policy is now being justified by "it will save or add jobs" why isn't prostitution legalized and taxed, like all other legitimate business activity?

 

hedgeless_horseman's picture

What is it about society that says "prostitution is bad" but "debt enslavement is good"?

Our society used to look down on debt enslavement, and still does in some circles.  Those crazy Christians and Muslims...

 

"The prohibition against usury (compound interest) is not confined to the Qur’an, but is also found in the Bible. The Bible is very explicit in its disapproval of usury. The book of Ezekiel, for instance, compares usurious lending to extortion and murder for hire, and threatens major hellfire for those who practice it."

 

The following are taken from the King James version of the Bible :

 

 

25 » If you lend money to any of My people who are poor among you, you shall not be like a moneylender to him; you shall not charge him interest.

26 « If you ever take your neighbor’s garment as a pledge, you shall return it to him before the sun goes down.

27 « For that is his only covering, it is his garment for his skin. What will he sleep in? And it will be that when he cries to Me, I will hear, for I am gracious. (Exodus 22:25-27)

36 ‘Take no usury or interest from him; but fear your God, that your brother may live with you.

37 ‘You shall not lend him your money for usury, nor lend him your food at a profit. (Leviticus 25:36-37)

19 » You shall not charge interest to your brother — interest on money or food or anything that is lent out at interest.
(Deuteronomy 23:20)

10 Woe is me, my mother, That you have borne me, A man of strife and a man of contention to the whole earth! I have neither lent for interest, Nor have men lent to me for interest. Every one of them curses me. (Jeremiah 15:10)

7 If he has not oppressed anyone, But has restored to the debtor his pledge; Has robbed no one by violence, But has given his bread to the hungry And covered the naked with clothing;

8 If he has not exacted usury Nor taken any increase, But has withdrawn his hand from iniquity And executed true judgment between man and man;

9 If he has walked in My statutes And kept My judgments faithfully — He is just; He shall surely live! » Says the Lord GOD. (Ezekiel 18:7-9)

13 If he has exacted usury Or taken increase — Shall he then live? He shall not live! If he has done any of these abominations, He shall surely die; His blood shall be upon him. (Ezekiel 18:13)

17 Who has withdrawn his hand from the poor And not received usury or increase, But has executed My judgments And walked in My statutes — He shall not die for the iniquity of his father; He shall surely live! (Ezekiel 18:17)

12 « In you they take bribes to shed blood; you take usury and increase; you have made profit from your neighbors by extortion, and have forgotten Me, » says the Lord GOD. (Ezekiel 22:12)

http://ribh.wordpress.com/chariaa/usury-in-the-bible/

 

And here we find the Son of Man addressing both of these topics...

 

Luke 7:36-50

Jesus Anointed by a Sinful Woman

36 When one of the Pharisees invited Jesus to have dinner with him, he went to the Pharisee’s house and reclined at the table. 37 A woman in that town who lived a sinful life learned that Jesus was eating at the Pharisee’s house, so she came there with an alabaster jar of perfume. 38 As she stood behind him at his feet weeping, she began to wet his feet with her tears. Then she wiped them with her hair, kissed them and poured perfume on them.

39 When the Pharisee who had invited him saw this, he said to himself, “If this man were a prophet, he would know who is touching him and what kind of woman she is—that she is a sinner.”

40 Jesus answered him, “Simon, I have something to tell you.”

“Tell me, teacher,” he said.

41 “Two people owed money to a certain moneylender. One owed him five hundred denarii,[a] and the other fifty. 42 Neither of them had the money to pay him back, so he forgave the debts of both. Now which of them will love him more?”

43 Simon replied, “I suppose the one who had the bigger debt forgiven.”

“You have judged correctly,” Jesus said.

44 Then he turned toward the woman and said to Simon, “Do you see this woman? I came into your house. You did not give me any water for my feet, but she wet my feet with her tears and wiped them with her hair. 45 You did not give me a kiss, but this woman, from the time I entered, has not stopped kissing my feet. 46 You did not put oil on my head, but she has poured perfume on my feet. 47 Therefore, I tell you, her many sins have been forgiven—as her great love has shown. But whoever has been forgiven little loves little.”

48 Then Jesus said to her, “Your sins are forgiven.”

http://www.biblegateway.com/passage/?search=Luke+7%3A36-50&version=NIV

nonclaim's picture

I have to warn you all on this:

25 » If you lend money to any of My people who are poor among you, you shall not be like a moneylender to him; you shall not charge him interest.

If you do choose to lend without interest, make sure you are the only lender. Otherwise the poor chap will work (maybe) to pay the more expensive loan and it'll be years before you see your money back (maybe).

I'm one of His people and I think I'll elect to receive it back in afterlife niceties. /sarc, but not sour

mayhem_korner's picture

Good cites - always appreciate the Word anywhere on the web.

But I've got to say it's slightly out of context.  There is no relativism in sin.  The confluence of the OT quotes is about usurious lending.  But taxes and lending as a part of fair bilateral exchange is in fact encouraged in the Scriptures.  The NT quote from the good Doctor's gospel is not, however, a commentary nor comparison of a lender v. a prostitute.  It's about the Pharisees self-righteousness and unrepentance.  The prostitute and the moneylender in the parable are starkly contrasted so that heir Simon might just get the point, which is in verse 47.

Anyway, thanks.

BTW, the Luke passage is New International Version.

Bang Dae Ho's picture

What is it about society that says "prostitution is bad" but "debt enslavement is good"?

debt enslavement is bad, too. But imagining activities by pinstripe pigmen and prostitutes stuffed with coke is bit more fun than imagining the long-term consequences of fiat money creation and misunderstood Keynesianism.

pcrs's picture

if you are taxes by someone else, you are already his slave, debt or not.

So why make prostitution a taxed bussiness like every other one (to which the cash starved rulers with spending addiction will gladly oblige) and why not go for making other bussinesses not taxed (stolen from)?

If A taxes B, B is a slave.

pcrs's picture

if you are taxes by someone else, you are already his slave, debt or not.

So why make prostitution a taxed bussiness like every other one (to which the cash starved rulers with spending addiction will gladly oblige) and why not go for making other bussinesses not taxed (stolen from)?

If A taxes B, B is a slave.

r101958's picture

Wonder if they'll be bailed out?

cosmictrainwreck's picture

Tyler posts at 2:55..... market started rolling over at 2:30...coincidence?

BORT's picture

We want phones hacked, and we want it now.  Come on Fox, you know you can do it.

chet's picture

I'm guessing that consorting with hookers is only the 3rd or 4th sleaziest thing most of them were doing.

dogismyth's picture

Well its obviously one big party for the Washington royale...no doubt about that.  Some do not partake, but most do.  Isn't it apparent by our societal values that America is no different? 

Turd Ferguson's picture

Now you know where The Wicked Witch and Ruprecht were getting their action!

Problem Is's picture

Judging by yesterday's slap down of the pie thrower by Missus Murdoch...

Rupe-dog Murdoch would pay big $$$$ for the humiliation of a bitch slap and golden shower from a skinny Asian broad...

Lord Peter Pipsqueak's picture

I'm sure those honourable gentlemen were doing god's work,trying to convert those poor fallen women.

Lloyd and Jamie will be as shocked and surprised to learn of these actiivties as Rupert Murdoch was when he learned his reporters were hacking mobile phones for potential stories.

treemagnet's picture

If I can't get a market reset, can I please have just one really high profile piece of shit hung out to dry?  Is that asking too much?!

HungrySeagull's picture

Did this thing come up before on ZH?!

 

JSD's picture

Class...pure class baby.

HomerToeclipper's picture

Hmm....russian whores - I go for asians myself.

HomerToeclipper's picture

Hmm....russian whores - I go for asians myself.

Placerville's picture

Good choice! Less chance of being abused alcoholic spys.

Tense INDIAN's picture

i will never know why Prostitution is even considered a crime

RichardP's picture

If it wasn't a crime, girlfriends would charge for sex.  Can't have that.

Male-dominated world and all.

mopickens's picture

Wall Street has not changed 

squexx's picture

Whores and Wall St. jooz?!? The hands of the whores are cleaner!

Placerville's picture

This should keep everyone at the negotiation table since the candy has been taken away.

 

Any chance this will significantly cut into the NFP numbers?

monopoly's picture

Amazing. And there is 1,600 and 40.00, as promised.

ziggy59's picture

I mean come on how successful were they truly ? Open 24-7? Made u million in 3 yrs? Shheeit. The truly wall st whores and their houses are still making billions without anyone going to prison.

ziggy59's picture

I mean come on how successful were they truly ? Open 24-7? Made 7 million in 3 yrs? Shheeit. The truly wall st whores and their houses are still making billions without anyone going to prison.

cougar_w's picture

In other news, the banking industry gave $10,000,000,000 to elected officials to buy^h^h^h recommend key votes on legislation deemed important to overall profits^h^h^h^h^h^h^h financial markets stability.

Brokenarrow's picture

Gimme $5 worth.....

Fazzie's picture

 Gee, Gods work sure seems a lot like the devils work sometimes.

jmcadg's picture

I didn't think there were any AAA rated companies left!

cougar_w's picture

Elite prostitution rings generally require DDD or better. They don't have to be real DDD, though.

platoslast's picture

They chase these whores around for banging a few bankers while the banksters continue to run around fucking anybody they can anyway they can and there are few if any notable indictments. Can't wait to see the lead story on the MSM nightly news...