Wednesday, 4 March 2015
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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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…