Police bust high end prostitution ring in New York

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(Reuters) – A high-end prostitution ring catering to Wall Street clients who often would spend over $10,000 for a night bingeing on sex and cocaine has been busted and 17 people indicted, authorities said on Wednesday.

“The business of high-end prostitution is enormously profitable,” Brooklyn District Attorney Charles Hynes told a news conference, adding that the ring earned more than $7 million over three years.

Hynes said clients often spent in excess of $10,000 in a single night. He said they were “all high-end customers coming from the financial markets. People with nothing but money.”

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