More bullshit logic from Lee Kuan Yew?

Poh Ah Pak SG

Compiled from Lianhe Wanbao and Fox news

Wall Street CEOs, lawyers, bankers and media executives chalked up thousands of dollars in prostitution charges on their corporate credit cards — swiping their cards for $2,000 an hour prostitutes, according to a New York madam who pleaded guilty last year.

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The madam, Kristin Davis, went public on ABC News last week, and said that she has a list of over 9,800 clients, many of whom she says New York prosecutors deliberately avoided when taking her case.

Among her clients were: a vice president of NBC Universal, the part owner of a Major League Baseball team, the CEO of one of the country’s largest private equity firms, an investment banker from Lehman Brothers, an investment banker at JP Morgan Securities who spent $41,600, an investment banker at Goldman Sachs who spent $27,000, and a managing director from Merrill Lynch.

Davis told the network she disguised the charges in various ways so they would appear to be legitimate business expenses when accountants sifted through credit card statements.

One CEO, she said, ordered her to send him invoices for “roof repair on a warehouse” to disguise the charge for prostitutes from corporate funds. In total, this madam raked in several hundred thousand dollars from the same people who just received a $700 billion dollar bailout.

According to Davis, her highest-earning model raked $3060 per hour. Even a “full body massage” service offered by a model at the lower end of the scale will cost the customer $612 a hour.

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EDITORS’ NOTE:

So these are the “top talents” emulated by our esteemed PAP leaders who pegged their salaries against theirs. Actually, there is nothing wrong in men fooling around, but to make use of corporate funds to pay for prostitutes is really outrageous and disgusting ! How much of Temasek’s “rescue package” were misused by these Merrill Lynch directors to spend on prostitutes ?

Perhaps MM Lee can consider joining Morgan Stanley or Goldman Sachs. He is too good for us and we really cannot afford to keep him on our payroll anymore:

“So for the average family earning S$1,500-S$3,000, we are talking of astronomical figures but for people like me in government, to deal with the money which we have accumulated by the sweat of our brow over the last 40 years, you have to pay the market rate or the man will up stakes and join Morgan Stanley, Lehman Brothers or Goldman Sachs and you would have an incompetent man and you would have lost money by the billions.”

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