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Former iPayment CEO, Carl Grimstad, allegedly, fired for extravagance and and padding his expense account

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Gigi Grimstad, Carl Grimstad
Former iPayment CEO Carl Grimstad sued for theft from company he founded 
Manhattan tech CEO accused of frivolously spending half a million dollars in company money to fund a lavish lifestyle
Used high priced hookers for himself, paid for epic shopping sprees for his socialite wife, Gigi Grimstad
Grimstad, 49, allegedly even put his favorite prostitute and her mother on company payroll
iPayment fired Grimstad in November, suing him for reimbursement of $445,000 in expenses
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