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10/22/2005 03:39 AM ID: 50818 Permalink   

American Express Sues CEO Over $241,000 Strip Club Bill

 

American Express is suing the CEO of communications company Savvis Inc. for payment of $241,000 in credit card charges he allegedly ran up at a Manhattan topless club. CEO Robert A. McCormick disputes all but $20,000 of the bill.

McCormick admits he was in the club "Scores" in October 2003 with at least three other men, but he says that most of the charges attributed to him are fraudulent. "We got authorization for all of the charges," said a Scores representative.

The lawsuit filed by AMEX is at least the third suit involving this particular strip club for overcharging. The district attorney's office is investigating alleged overcharging at Scores.

 
  Source: hosted.ap.org  
    WebReporter: lurker Show Calling Card      
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  18 Comments
  
  according to cnn  
 
the strip joint took his thumbprint on each over $10,000 charge and called the credit company for verification. I don't see how he could weasel out of this one
 
  by: Syoware   10/22/2005 06:07 AM     
  Really  
 
I can't imagine what goods or services are on offer that justify a $241,000 bill for one evening in a strip club. Sounds like scamming rich people to me.
 
  by: ZCT     10/22/2005 02:48 PM     
  I can assure you  
 
Any "services" worth $241,000 at a strip club, were NOT legal...so if I were them, I'd give the money back before an investigation finds out exactly what this guy was paying for...
 
  by: theavenger8     10/22/2005 09:05 PM     
  damn..  
 
for that much money, I'm sure you could fly overseas and find 10 beautiful women to do more than strip for you.
 
  by: jendres     10/23/2005 08:43 AM     
  Overchareging or overspending?  
 
Even 20,000 for the party of 4(?) sounds like excessive charge for me. But even more disturbing is that it as a business expense for them. I don’t think IRS rules should be the same for the strip club services and business lunch.
 
  by: sharpshooter   10/23/2005 06:32 PM     
  @sharpshooter  
 
"Even 20,000 for the party of 4(?) sounds like excessive charge for me. But even more disturbing is that it as a business expense for them. I don’t think IRS rules should be the same for the strip club services and business lunch."

- Why? What is the next step? Do we start using the moral police to decide what is a nice business expense and what is naughty? Is golf okay? How about a shooting range? Is a massage okay? How about a bar in a bad part of town?

You cannot change the law to legislate morality in the manner you describe. If I as a business owner want to entertain a client in a strip club that is up to me, the government does not need to poke their nose in and tell me what I can and cannot do in that instance. What you are suggesting is a dangerous and slippery slope.
 
  by: ZCT     10/23/2005 08:25 PM     
  eddie said it best....  
 
Eddie Murphy said it best 'ain't no p*ssy worth 5 million dollars! no p*ssy!'

Well same issue applies, ain't no strip club worth $241,000. The guy was drunk, and he got his hand caught in the cookie jar. What is he going to do a charge-back saying the service was crap? LOL
 
  by: N3T_K1LLA     10/23/2005 10:55 PM     
  @jendres  
 
Only 10? :D

In America I bet you could get more than 10 hot women that will work for that money. (And i'm not talking about hookers and such, I'm talking about propositioning chicks from all over)
 
  by: N3T_K1LLA     10/23/2005 10:57 PM     
  @ZCT  
 
There is one fine detail that I want to point: Savvis is a public company NASDAQ: SVVS. I truly believe that public company should be closely audited and watched and they actually are. Now, this 20K (or 240K !) for 4 boys night out in NY looks like unreasonably high expense to me. And IRS should not allow unreasonable expense deductions. They certainly are welcome to do it with their own money, but not with shareholders.
 
  by: sharpshooter   10/24/2005 01:29 AM     
  @sharpshooter  
 
But I wonder if you would make the same assertion if these gentlemen had been at a gym, spa or on a spiritual retreat. I do get the impression you are making a moral judgment of these people because of the type of establishment they were in.

As for the charge, it is clearly ridiculous. I don't care if the women were giving **** ***s and an amazing new therapy that guarantees a 10% lifespan increase that is just a silly and unreasonable amount of money for entertainment for one evening.

As an earlier poster said, at that price it was almost certainly not legal.
 
  by: ZCT     10/24/2005 07:23 AM     
  I would love to see the card bill for that...  
 
What on gods green earth can you spend that much money on?

"I want another lap dance" "that will be $15,000" "Yeah sure whatever"

Stupid is as stupid does though...
 
  by: koultunami     10/24/2005 10:37 AM     
  Yeah  
 
I really do wish I could see a detailed line item report for what all this money is going towards.
 
  by: RoBBoB     10/24/2005 03:12 PM     
  @ZCT  
 
I see you point. I actually didn’t judge it as a right or wrong by type of entertainment.
If it’s a legal establishment, - its good enough for me. And actually, I don’t see anything wrong with the cabaret dancing. It’s fun! Wrong is spending $240K (or even $20K) other people’s money for four boys night out. Of course he can always tip girl 10K or spend tens of thousands of dollars his own money for a glass of wine!
 
  by: sharpShooter   10/24/2005 07:10 PM     
  I was listening to the radio about this...  
 
and from what they said, the CEO had them keep the strip club open an extra hour or two for them. I'm willing to bet a good part of this charge was for that, after all it takes a fair chunk of change to the employees there, OT costs, etc.
 
  by: tellgar     10/24/2005 07:44 PM     
  @tellgar  
 
So they stay open for a couple of hours. Let's say they have 50 staff who make an average of $50 per hour. That's $5,000 plus let's say another $5,000 in overheads. I just find it hard to see where the other $231,000 was spent! It really just sounds like greed to me. It would have been cheaper to rent a hotel suite and offer to pay the strippers $5,000 each to come over for a couple of hours after work.
 
  by: ZCT     10/24/2005 09:10 PM     
  Update!  
 
"Savvis CEO on unpaid leave amid strip club flap"


http://www.msnbc.msn.com/...
 
  by: lurker     10/25/2005 07:40 PM     
  for  
 
that kind of money why not just import some women and get more bang for your buck?
 
  by: emp3r0r     10/25/2005 07:46 PM     
  @sharpShooter  
 
The reality is if you are rich there are all kinds of tax write offs that the poor can't have. My boss drives a $60,000 Cadillac that he bought with company money as a tax write off. He is already a rich business owner, but he gets to do stuff like this. Normal people like me can't even write off the interest on their car payments. Basically the richer you are the more loopholes there are in the tax system and the more you can get for nothing. It is a sad reality of the archaic American tax system, with some right wing ideals thrown in for good measure.
 
  by: ZCT     10/26/2005 03:37 AM     
 
 
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