Posted on 03/15/2008 7:01:00 PM PDT by Brandybux
There are intriguing reports in New York that the man who was once dubbed Eliot Ness – after the “untouchable” FBI crime-buster – may have owed his fall at least in part to the bankers he once pursued with ruthless moral zeal.
Was the governor a victim of Wall Street’s revenge? “Only one thing is certain – it’s an Eliot mess,” declared one former prosecutor.
(Excerpt) Read more at timesonline.co.uk ...
Unless ...
How 'bout the eager-beavers in banks prosecuted by Spitzer making extra-special observations of money moving from his accounts.
How 'bout these banks being the ones who figured out he was paying for hookers, and then passed this along to the Feds?
Sounds reasonable to me? And, it turns out it sounds reasonable to Alan Dershowitz. My, my.
Bwahahahahaha.
How about he was doing hookers and had he not this would not have happened.
Thats not really true. If he was cashing checks and “structuring” the checks under the $10,000 (IRS reporting level) he would get turned into the IRS
Well, paybacks are a b**ch. Nothing he can do about it.
Spitzer was a super delegate and and nothing happens in New York without orders from Hillary’s mafia. The timing was meant to herd the remaining super delegates into voting for Hillary, else their escort soft spots become public knowledge. Spitzer was the example.
Total Barbra Streisand! Politicians pass these laws requiring banks to report to Big Brother (it’s now since the Patriot Act any transfer over $5,000), and then their enablers in the MSM cry about payback when they get caught!
Eliot just got schooled
The banks are required to report transactions over a certain dollar amount along with any obviously unusal transactions - like trying to get your name off a transaction that you are performing... Shell companies that you pass money through are also a big red flag.
No, Spitz got nailed by the laws he so enjoyed enforcing.
Actually, Spitzer got nailed by thinking he was ABOVE THE LAW he was so eager to inforce.
Well, okay. But how does one know that QAT, Inc, the front company for the Emporer's Club, is in fact a front company?
Is there some list of known front companies that banks have access to, which lets them know that one of their customers is sending money to a front company?
Of course, if Spitzer were transferring money beyond a limit ($10K, $5K, whatever), then there's no need to resort to revenge as an explanation of his undoing. I've not read anything yet to indicate what the amount of money being transferred amounted to.
I suspect they had an insider they want to protect so the 'structuring transfers' charge gave them a pretext.
Kind of a reverse engineering if you will.
Some courts in California will allow a bit of deception on themselves if the motive is to protect an informant.
Oh to be a fly on the wall.
NY Governor Resigns in Disgrace [semi-satire]
New York’s Governor Eliot Spitzer (D) resigned in disgrace after it was discovered that he has been cavorting with high-priced prostitutes for a number of years. As NY’s Attorney General, Spitzer had been an avid prosecutor of prostitution, referring to it as a “stain on the community’s moral well-being,” and its patrons as “low-life scum.”
Spitzer defended his liaisons as the notorious “Client #9,” saying that he had been engaged in “a long-term, under-cover sting operation.” “People have unfairly accused me of lust and fornication,” Spitzer said. “They don’t understand the kind of dirty work that has to be done to fight corruption.”
Nevertheless, Spitzer said he was resigning “in order to take the focus off of me and allow federal agents to devote their time and energy on the real miscreants undermining our nation.”
Privately, Spitzer has been reported as puzzled by the “double standard.” “Bill Clinton gets blown by a teenager and masturbates in a White House sink, yet, the Party rallies to his defense,” Spitzer complained. “Here I am, risking my health probing interstate criminal activity and I’m pushed out. Where’s the justice in that?”
Democratic Party insiders say that Spitzer was mostly the victim of “bad timing.” “Under different circumstances I think he could have brazened it out,” said a source insisting on anonymity. “But with Hillary Clinton locked in a big battle for the nomination, she couldn’t afford this distraction.”
It is said that in gratitude for his quick exit Spitzer will get a cabinet appointment as Attorney General in Hillary Clinton’s Administration—a spot from which he can resume his vendetta against American business.
read more...
http://www.azconservative.org/Semmens1.htm
I never handled a single deposit, supervised those who did or even worked with deposit accounts and I was required to know these regulations and to be prepared to file the reports if I did somehow see something that seemed odd.
Blaming it on the banks he targeted is just a way to deflect the blame.
Ding Ding Ding!!!!!!!!!!!
May also break you.
Of course they should have.
First, he wired money in amounts that automatically - by federal law - generate an inquiry. If a bank sees a wire in an amount larger than $10,000 they are required by law to report it, or they could have their charter pulled.
Second, he began wiring money broken down into separate transfers on the same day to the same recipient. This is an automatic money-laundering red flag and any bank employee who handles such a transaction is supposed to either flat-out refuse to do it, or to fill out a suspicious activity report.
Third, once he realized that his actions would likely trigger such a report, he tried to get the bank to change the information on the wire reference - which is illegal. If the first two red flags did not rouse a lazy bank employee to report them, this last request by Spitzer that the employee actively collaborate with him in altering bank records would do it.
All his actions would have triggered any inquiry whether he was Eliot Spitzer or Joe Schmoe.
How 'bout the eager-beavers in banks prosecuted by Spitzer making extra-special observations of money moving from his accounts.
Spitzer didn't actually prosecute any banks. He just threatened to, even though he didn't even have enough evidence to indict them.
In any case, I doubt he banked with the NYSE, or AIG, or Marsh and Maclennan.
Furthermore, if he actually did commercial banking with a major investment bank he antagonized, it would be illegal for someone involved in investment banking to be concerned with the commercial side of the business at that level of detail.
If the bank did that, it might have found absolutely nothing, but exposed it to a real and very serious federal crime.
Conspiracy theories are always fun, but they rarely survive the slightest critical scrutiny.
Eliot Spitzer brought himself down. He didn't need any help.
Bingo.
Not only THAT law, but HE put into effect a STIFFER LAW for JOHNS!!! Karma is a Hillary!
He also asked the Bank to Remove his NAME from one of these transactions!! Talk about RED FLAGS!! What a smart IDIOT!
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