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Wall Street Professionals Said Among 'High Class' Hooker Ring Clients

Woman Silhouette

Brooklyn - Kings County District Attorney Charles Hynes has announced a 144-count indictment charging a Sheepshead Bay escort service, High Class NY, with running a high-price prostitution and drug ring that earned more than $7 million in three years. And CNBC reports that, according to the authorities, many of the clientele were Wall Street professionals.

Chiesi Sentenced To 30 Months In Prison For Insider Trading Crimes


Preet Bharara, the United States Attorney for the Southern District of New York, announced Wednesday that Danielle Chiesi was sentenced to 30 months in prison for her participation in insider trading crimes with, among others, Raj Rajaratnam, the former head of the Galleon Group family of hedge funds.

Wells Fargo Pays $85m To Settle Mortgage Allegations

Wells Fargo Logo

Wells Fargo & Company has announced an agreement with the Board of Governors of the Federal Reserve that resolves allegations arising from an investigation into internal controls at its former Wells Fargo Financial unit. The bank will pay some $85m in civil penalties.

The Ultimate Billy Big Bonus Toy

1957 Ferrari 250 Testa Rossa RSS

Santa Monica, Calif. – Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance, has announced that the 1957 Ferrari 250 Testa Rossa Prototype will be presented at auction for the first time in history at the world-renowned Pebble Beach Auctions on August 20 & 21. It is hope that the car will fetch a record auction price for a car of $18m.

'Captain' Bob Diamond Joke Causes Bureaucratic Fuss

Aeroplane Landing

A joke involving Barclays CEO Bob Diamond appears to have stirred up a hornet's nest Thursday, as news has leaked that the UK's Department of Transport has said that it may launch a probe into claims that Diamond actually landed the plane carrying Prime Minister David Cameron back from Africa this week!



Oil Barrels

Goldman's Gary Cohn: Beware $30 oil

Goldman Sachs President Gary Cohn told CNBC on Wednesday he is very concerned about the short-term window for oil and said crude prices could fall to $30 a barrel as the industry runs out of storage space.