Wall Street Madam Goes Down. Alone.

Posted by Emily Farris

 

New York madam Kristin Davis—who once counted former New York governor Eliot Spitzer among her clients—is going down. But her clients aren't gong down with her. At least not yet.

After her arrest, Davis pleaded guilty to "promoting prostitution" and forfeited nearly $500,000 in profits. And even after she offered her client list to the district attorney's office, Davis said they "showed no interest" in pursuing the men who would charge prostitution services to corporate credit cards. Many ordered her to send invoices for computer consulting and construction expenses—fraud on their part, according to former New York prosecutor Sid Baumgarten.

Davis did however, give her list to ABC News, who gladly accepted it.

From her list, ABC determined that clients included:

-a vice president of NBC Universal
-a part owner of an MLB team
-a major New York real estate developer who would "come to the door wearing women's panties"
-bankers and directors from JP Morgan Securities, Goldman Sachs, Merrill Lynch, Lehman Brothers and Deutsche Bank

A defense attorney who has represented madams before says that in New York, while Davis "was prosecuted for a felony, the clients would be guilty of misdemeanors."

Davis is aware she's getting the short end of the shaft here:

"I, as the proprietor of a business get arrested and lose everything, when no one that was frequenting my business, spending $200,000, $300,000 a year, has been punished in any way or even looked into."

She has not yet decided whether she'll release her client list to the public, but considering she's written a book and has leaked it to ABC news, we plan on seeing it pretty soon.

Her interview with ABC airs tonight on 20/20 at 10 p.m. ET.

[ABC: CEOs, Bankers Used Corporate Credit Cards for Sex, Says New York Madam]

Related:

Rumor: Governor Running A Brothel Out of His Office

David Vitter: "Thank Christ You Forgot About Me"

Ashley Dupré: Whoring and Boring on 20/20


Comments

Wrongo said:

One would think that the US Attorney General, the SEC, the IRS, the FBI and stockholders would be extremely interested in the list and the invoices.

February 6, 2009 4:00 PM

About Emily Farris

Emily Farris writes about culture and food for numerous publications and websites you've probably never heard of, including her own blog eefers. Her first cookbook, "Casserole Crazy: Hot Stuff for Your Oven" was published in 2008. Emily recently escaped New York and now lives in a ridiculously large apartment in Kansas City, MO with her cat, but just one... so far.

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