Second N.Y. Madam Suspect Pleads Not Guilty

Mar 15 2012 | 2:39am ET

The second alleged leader of a New York prostitution ring catering to millionaires, including hedge fund managers, is a fugitive no more.

Jaynie Mae Baker turned herself in this week, three weeks after she and he alleged accomplice were charged with promoting prostitution. Baker pleaded not guilty on Monday.

According to prosecutors, Baker and Anna Gristina ran an Upper East Side brothel for clients with at least $1 million in the bank. According to the New York Post, their clients included "hedge funders" and two billionaires.

Unlike Gristina, who remains jailed on $2 million bail, Baker was released when her boyfriend, an investment banker, posted his $1.2 million Long Island home to back her $100,000 bond.

So where has Baker been? Los Angeles and Cabo San Lucas, Mexico, her lawyer said, visiting her sister. According to Robert Gottlieb, Baker had no idea she was wanted and returned to New York as soon as she found out.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.