Saturday, 25 October 2014
Last updated 13 hours ago
Sep 26 2012 | 11:47am ET
A New York madam with a client list full of "hedge funders" and other millionaires and billionaires has pleaded guilty to promoting prostitution.
Anna Gristina accepted a plea deal from prosecutors that will keep her from serving any more time in jail. Gristina, who ran her prostitution business from her suburban Monroe, N.Y., home to stay close to her four children, spent four months on Rikers Island after her arrest in April before being freed when her bail was lowered.
When the 45-year-old was arrested, the New York Post reported that her business catered only to those with at least $1 million in the bank, including "hedge funders" and at least "two billionaires." She also reportedly met with employees of Morgan Stanley at the bank's offices, but no names of clients have trickled out.
Rumors of friends in high places are what landed her in prison in the first place: She told a friend on a wiretapped phone call that her clients would pay for her to leave the country if she got caught. Prosecutors said that those claims could not be proved.
Gristina could have spent seven years in prison if convicted, but the judge said that time served and probation was "fair and just," even though he pronounced himself "not pleased" with Gristina's conduct during the case.
Gristina, who is not an American citizen, could also face deportation to her native Scotland.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.