Hedge Fund Millionaires Among Manhattan Madam's Clients

Mar 7 2012 | 2:04pm ET

A New York City woman accused of running a brothel boasted a client list full of "hedge funders" and other millionaires and billionaires.

Anna Gristina spent 15 years as a madam on the Upper Easy Side, prosecutors allege, catering only to those with at least $1 million in the bank. Some had much more, according to the New York Post, which reports that her clients included "two billionaires."

Gristina was ordered held on $2 million bail yesterday after prosecutors said that a co-conspirator remained on the lam. They allege that she ran her prostitution business from her suburban Monroe, N.Y., home to stay close to her four children.

"She hated coming to the city," a source told the Post.

It is unclear whether prosecutors have any hedge-fund linked client names, or whether they'll emerge publicly. Gristina's lawyer said yesterday that, "as far as I'm concerned," his client's black-book "doesn't exist," and that he hasn't asked Gristina about it.

Gristina, a Scottish native, was known as "Anna Scotland" in the business and originally operated from an office near Herald Square. In 2008, after New York Gov. Eliot Spitzer resigned amidst a prostitution scandal, Gristina launched a legitimate online dating service—but continue to arrange less-legal hookups, as well.

She may have had some high-powered financial help for the online service: Morgan Stanley is searching its visitor records to see which of its employees Gristina met with before her arrest last month.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…