A bank worker used much of the $7million he stole from Korea Exchange Bank to pay for sex. Picture: Stuart Milligan

Sung Kyu Chung, 41, gave evidence in Sydney District Court last week where he has pleaded guilty to fraud charges.

The senior manager, who worked in the Korea Exchange Bank’s Sydney office, was charged in December, 2008 by City Central Fraud Unit detectives.

Chung faced a preliminary sentence hearing last week. He is due to be sentenced later this month.

The court heard he regularly splashed out on business-class flights to Thailand, where he would visit high-priced prostitutes and stay in five-star hotel rooms.

Prosecutors questioned Chung over alleged “gifts” he bought for the escorts. These included a Mercedes-Benz sedan given to a Thai prostitute and money transferred to another Bangkok call-girl to buy a house.

Chung pleaded guilty to siphoning a total of $7.2 million from the bank by staging at least 77 false transactions.

The court heard he used $1 million of the plundered funds on education and medical fees.

A further $1.1 million was used to buy a house in Marsfield, which has been seized, while $500,000 was lost on a bad investment with Lehman Brothers, the US investment bank which collapsed in the global financial crisis.

A significant amount of the missing money has yet to be recovered.

The seven-year fraud was uncovered in 2005 when Chung was subjected to a blackmailing attempt by a former colleague, the court heard.

In 2008, auditors from KPMG discovered massive discrepancies in the bank’s finances.

The court heard that between 2001 and 2008, Chung routinely used the log-in names and passwords of bank clients to send money to his own account.

When the transfers were complete, he fudged computer and accounting records to mask the transactions as having been carried out from overseas, confusing his bank superiors.

He has been allowed conditional bail while he awaits sentencing.

Courtesy News.com.au: Australia

The anonymous 19-year-old student offered her virginity to the highest bidder on the Web site under the name “Unigirl,” saying she would use the money to pay for her tuition. She said in a post that more than 30,000 people had viewed her ad and more than 1,200 had made bids before she accepted an offer of more than New Zealand $45,000 (US$32,000).

Unlike similar New Zealand Web sites, bidding and correspondence between buyers and sellers on the Web site is private so it is not known what bids Unigirl’s offer received.

Web site owner Ross McKenzie said the site’s policy was that as long as an ad was legal and did not offend the general standards of society, “it was OK.” He confirmed Unigirl was a member on the site.

Prostitution is legal in New Zealand under laws considered more liberal than many countries.

Prostitution among consenting adults is allowed in brothels and on the streets, and offering sexual services in print ads and online is also legal.

National police spokesman Jon Neilson said no law appeared to have been breached.

Courtesy Manilla Bulletin

D.C. Department of Corrections Central Detention Facility (Andrew Harnik/Examiner)

The investigation has also led to the forced leave of two other corrections officers, one of whom was later fired over an unrelated issue, officials said. The three were removed from the D.C. Jail property, “after allegations of inappropriate behavior arose with an inmate,” according to Walter Fulton, facility program manager at the Correctional Treatment Center.

Authorities said they would not further discuss the allegations because of an ongoing law enforcement investigation, but some details were outlined in a lawsuit filed in D.C. federal court this month.

Jessica Rubio, 32, who described herself in court documents as a prostitute with a drug problem, was an inmate at the Correctional Treatment Facility, which is an annex of the D.C. Jail. She was in custody on a prostitution charge.

She charged in her lawsuit that she had sex with correctional counselor Sgt. Aundra Powell after he paid $50 to her “Sugar Daddy” for her to satisfy his sexual urges. She claims Powell paid for her sexual services on four occasions.

The sexual encounters began last year when Rubio received a receipt for the promised sex from her pimp and showed it to Powell after a group counseling session, she charged in the suit. “I see you received it,” Powell replied, according to the lawsuit.

Rubio’s attorney, Wendell Robinson, said he did not know what form the receipt was in and would not comment further than what was in the lawsuit.

In order to have sex with Rubio, the lawsuit alleges, Powell removed Rubio from her jail cell during the 2 p.m. “quiet time” and had her follow him to a satellite kitchen.

Powell walked her to a window and told her to look outside while he put on a condom and had sex with her, according to the lawsuit.

Rubio was released after serving her time, but was rearrested in April and convicted for prostitution in June 2009. It was then, she said, that Department of Corrections detectives questioned her about what happened between her and Powell. Rubio has since been transferred to the Rappahannock Regional Jail in Stafford, Va.

Walter Fulton, facility program manager at the Correctional Treatment Center, said Powell and two lieutenants were placed on paid leave as soon as the allegations surfaced.

Jail detectives are investigating, he said. Powell and a substance abuse counselor remain on administrative leave. Lt. Ricardo Rich, an assistant shift supervisor, was fired in June for unrelated reasons, Fulton said.

The Correctional Treatment Facility, at 19th and E streets Southeast, is managed by the Corrections Corp. of America and is staffed by employees of the District.

Courtesy WashingtonExaminer.com

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A service provider

To his credit, Mr. Halby did keep a detailed journal with the dates, “service provider” name and amount paid for every visit he made to a prostitute. Unfortunately for Mr. Halby, the tax court judge held that all the expenses were personal in nature and did not qualify as medical services, nor did the expenditures for books and magazines on pornography and sex therapy.

Mr. Halby has indicated he intends to appeal the ruling on the grounds that the judge did not consider his argument that the New York law outlawing prostitution violates the constitutional right to privacy.

Courtesy Examiner.com

You didn't really expect a picture of a sliced penis did you?

The court’s sentence could range from one to three years in prison if the man’s penis functions.

If not, she will be behind bars for at least eight years.

The woman defended herself by saying the man reneged on a promise to marry her, forced her into prostitution and beat her.

She told the court she cut off her lover’s penis while he was drunk.

Surgeons operated for eleven hours to reattach the organ.

They described the procedures as a success and predicted full function should return within six months.

The court will receive updates on the man’s condition until the woman is sentenced.

Courtesy MyStateline.com

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And where was my invitation?

US Secretary of State Hillary Clinton has ordered the inquiry into allegations of “deviant and lewd behaviour” after an independent group sent her a 10-page dossier. It accused guards of being involved in drunken orgies involving prostitutes and humiliating gang initiations.

One email from a guard in Kabul describes supervisors “peeing on people and eating potato chips out of (buttock) cracks”. It is thought 300 of the 450 guards are Gurkhas. The rest are American, Australian and South Africans.

State department spokesman Ian Kelly said: “These are very serious allegations and we are treating them that way.”

Courtesy Mirror.co.uk

Wow... it's a big news day: Paris Hilton in Lesbian Prostitution AND Dog Sex AND it's not even the same story

As if Paris’ feet weren’t freakish enough, the partying got more disturbing as time went on. Jawhary claims that she and Paris partook in a little girl-on-girl fantasy action…for money.

Via NY Daily News:

“Some Hollywood players would pay for girl-on-girl action. I’d be there. And they’d pay to watch. On at least one night, Paris joined in. Paris got naked, and the girls would get naked.”

The classy Jawhary went to blab that she was paid $5,000 for a “private show” but never saw Paris take any money. The crabs were free of charge.

This story was leaked by Mark Ebner, author of “Six Degrees of Paris Hilton.” (Read about that literary masterpiece by clicking here). Jawhary herself could not be reached for comments. Hilton’s people, naturally, are denying that a lesbian tryst ever took place.

Courtesy The Insider

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For a mere $3.8 million you can be the first spelunker to explore the cave.

LAS VEGAS, NEVADA– A 22-year-old woman who auctioned her virginity online is back on the market after an Australian man who paid to meet her has been banned by his wife.

The 22-year-old California virgin who auctioned off her virtue online for over $4.7 million has yet to meet her winning bidder in the flesh – because his wife won’t let him, reports The New York Post.

Natalie Dylan (not her real name) admitted the deal had fallen through.

Last week, she got a phone call from the 38-year-old Australian real-estate businessman, who said he had to back out.

“I told him to go back into marriage therapy,” sniped Dylan.

The Aussie cad then sheepishly asked for his $300,000 plus deposit back.

Dylan said no hard feelings; it would be returned.

Now Dylan, who launched the online campaign last spring through the Moonlite Bunny Ranch – a legal brothel in Nevada – is back on the auction block.

Courtesy of The Daily Telegraph AU

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First screwed by an Italian, now screwed by the Germans. Perhaps she's Jewish?

Romanian-born Alina Percea, who is a student in Germany, was paid £8,800 in cash for a weekend of sex with the Italian businessman after she auctioned her virginity online.

But tax officials in Berlin regard the 18-year-old’s act as ‘nothing more than prostitution’.

Prostitution is legal in Germany – but it is heavily taxed.

‘It is not a moral standpoint but a fiscal one,’ an official said. ‘Prostitution is not an illegal act in Germany, but not paying tax on earned money is.

‘Consequently we are assessing her case and it looks likely she will have to pay around half of the sum she gained.’

The Romanian-born computer studies student’s visa allows her to work in Germany for 90 days – even as a prostitute.

One tax expert said: ‘Even if she was taxed as a purveyor of erotic moments, or whatever she wants to call what she did, she would have to pay tax on it. Prostitution is merely a means for the bureaucrats to pin her down for a claim.

‘She would have been better off keeping quiet about this strange transaction.’

It also emerged that, because Alina earned so much in such a short time, she may even be liable for a hefty VAT bill too.

VAT in Germany works out to 19 per cent, meaning the sale of her virginity could land her with just over £3,000 in the end.

‘When we have hard figures then we can make an accurate assessment,’ said a German inland revenue spokesman.

Alina, who studies in Mannheim, told how a 45-year-old Italian businessman took her virginity with unprotected sex at a luxury Venetian hotel.

‘I liked the man and got on with him well. He didn’t look 45, and he seemed much younger.

Courtesy of The Daily Mail UK

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Only in Japan would a pandemic cause men to seek out close, intimate contact with complete stangers.

Dubbing the additional business as “pandemic visits,” the article believes that single salarymen with excessive time on their hands over the holiday, which ends this week, and nothing to fulfill their lower body will be flocking to Japan’s entertainment areas in lieu of taking overseas trips, now a risky bet given the increasing concern over swine flu.

The 44-year-old editor-in-chief of a famous adult magazine says that the fuzoku industry is traditionally in the off-season in February, May and November, with the two months that bookend December being reserved for recovering and preparing for the New Year’s holidays. “May is when both time and money are spent on traveling with family and friends,” he says. “However, with this new flu, things could have a different outlook this year.”

The editor conveys the fact that he knows of a deri heru (out-call) shop in which many of the girls have been asked to be prepared on an as-needed basis in order to accommodate the possible surge.

“Usually during Golden Week, shops compete by offering discounts, but the scene is not the same this year,” the editor says. “Instead of being in a tourist spot and at risk of being infected, many guys will want to be in intimate contact with a healthy female in private.”

The working girls, too, have high expectations. “Last year at this time we had so much free time,” explains one deri heru employee. “Not many girls came to the shop and I was so bored. But if customers are going to come due to the flu this will be a great opportunity to make a lot of money.”

Zakzak says that regulars at this time of year are playing around because spouses and children will be visiting their hometowns. “Maybe it is about trying to sneak out when the old lady is not around,” explains a former soapland girl. “The guys who don’t usually come to fuzoku places might turn up for a visit. Yet some lack the proper mannerisms because they have not had enough experience at these kinds of shops.”

The article adds that a customer at one shop supposedly received stamps on his point card only on May 3 over four consecutive years.

Therefore, Zakzak concludes, the typical customer base coupled with the possible flu injection could make for a nice combination. Yet, the site warns, at this stage even the girls supplying the services could possibly be infected. Caveat emptor.

Courtesy of The Tokyo Reporter