Like Washington, Like Wall Street

February 8, 2009 3:57 p.m.

My mother-in-law mentioned this story to me today. But I hadn’t heard about it. ABC has put together a major piece on a woman who ran an escort service servicing Wall Street, much as the late DC Madam did down in DC. And just they did in the earlier case, Brian Ross’s investigative unit at ABC has gotten the women — who’s now out after serving three months in prison — to share her book of addresses and names of clients.

Back in that earlier case, beside netting the oafish Sen. David Vitter (R-LA), the list never really yielded the kind of names people thought it might. But the hints from Ross suggest the catch in this case might be quite a bit larger.

Now, what private individuals do with their own money is one thing. But in this case, the MO seems to have involved serious tax fraud, because the extra benefit with this escort service was that they’d bill it to you as various sorts of business expenses — construction, cleaning, accounting, etc. So basically you could give the taxpayer the same treatment as the escort.

I found this video of one of the segments on youtube …

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