Posted on 06/29/2008 5:43:10 AM PDT by Liz
Spitzer "actually enjoyed destroying people," said a former NYSE managing director, Richard Riker. "Spitzer's legacy is tarnished and trashed because of [the prostitution scandal that led to his resignation] and the Richard Grasso lawsuit suit." "[The Court of Appeals decision upholding Grasso's pay package] becomes part of the realization that Spitzer was no more than a legal lightweight who bullied and slashed his way through Wall Street using the power of his office," Riker said. Spitzer's personal reputation was already in tatters. Revelations that Spitzer had a years-long addiction to high-priced prostitutes - and that he might be indicted himself on charges related to his sex romps - drove him from office and shredded his personal reputation. His courtroom losses are now laying waste to his legacy as an efficient and level-headed sheriff. For Spitzer, who may be indicted before the summer is through, the outcome may be a bit more harsh.
(Excerpt) Read more at nypost.com ...
TALES OF SPITZER Spitzer ran roughshod over anyone he felt was standing in the way of his political ambitions. At the end, when the hooker story broke, he phoned the Albany PTB, asking if there was some way he could stay in office. The response was a resounding "no." Spitzer had slashed and burned and flim-flammed his way to the top, leaving numerous bruised and battered bodies in his wake. In the end, there was no one willing to help him.
BACKSTORY Rep. Michael Arcuri (D-NY) paid $44,000 to a political consultant who is under federal investigation as part of the Spitzer prostitution scandal. Kristian Stiles, began fundraising working for Spitzer in her mid-20s. Her Acuri connection dates to July 2007, when he began paying her $4,000 a month for fundraising. The timing is critical because it overlaps the period federal authorities were investigating Spitzer for prostitution activities. The NY Times reported feds "requested detailed documentation for thousands of dollars" in transactions between Stiles and Spitzer. One campaign staffer said they generally work on commission by event, not as consultants. "If you want a fundraiser, you go to the experts, not some 20-something woman. Let's see her invoices. Let's see the events she arranged. Let's see the PAC contributions she brought in." Stiles relationship with Spitzer was quite unusual: Campaign finance records show that Ms. Stiles, 31, was paid about $6,460 monthly for consulting the Spitzer 2010 committee, and was reimbursed for nearly $22,000 in expenditures over the last year. Stiles frequently made Spitzers travel arrangements, paid with her own credit card. Stiles often accompanied Spitzer on trips to coordinate fund-raising events, and was comfortable incurring hotel and other charges....... EXCERPT http://www.redstate.com/stories/congress/ny_24_arcuri_tied_to_spitzer_prostitution_scandal
CORRUPT RISE TO THE TOP Spitler has a history of political flim-flamming using shady campaign funds. Prosecutors have records of Spitzer's transactions, phone records and taped conversations with the Emperors Club, and are confident they can nail him on violating prostitution laws and money-laundering..... and are also looking into whether Spitzer used campaign funds to pay for his pleasures.
ILLEGAL CAMPAIGN MONIES During Spitler's 1998 AG campaign, he indignantly denied allegations by his GOP opponent, Dennis Vacco (Vacco is a top-notch pro-life conservative), that Spitler's wealthy father had provided millions in loans to his campaign. Candidate Spitzer insisted he was using only his own money (family members are limited by law to $110,000 in total contributions). Spitler accused Vacco of "smearing" his father.
Not until he'd actually taken office did Spitzer admit that Dennis Vacco had been correct. In fact, it turned out Spitzer, despite earlier denials, had done the exact same thing during his unsuccessful 1994 run for AG.
Spitzer falsely claimed during his 1988 campaign that he secured a $5 million campaign loan by mortgaging eight apartments his billionaire developer-father had given him. As the end of his campaign neared, Spitzer admitted that his father was actually paying off the loans and, therefore, financing his campaign - a possible election-law violation. "I didn't realize how necessary it was to be transparent about every personal financial transaction," Harvard-educated Spitzer was quoted as saying in a magazine article.
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REFERENCE The Bernard & Anne Spitzer Charitable Trust Inc.
(Formerly: The Bernard & Anne Spitzer Foundation Inc.)
730 5th Ave----Suite 2202
New York, NY 10019-4105
Telephone: (212) 765-5170
Bernard Spitzer, President; Anne Spitzer, Treasurer.
Board members--Eliot and his brother Dr Daniel Spitzer.
Type of foundation: Independent
Fiscal Date: 12/31/05
Assets: $35,115,418 Total Giving: $578,663
EIN:137298842
Most Recent IRS Filing:
View 0990 FORM http://72.14.205.104/search?q=cache:l2QSwTcRe2YJ:foundationcenter.org/cgi-bin/ffindershow.cgi%3Fid%3DSPIT004
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Emigre Mark Brener, charged with running the hooker ring, has been held without bail since his arrest on March 6, charged with violations of the Mann Act, money laundering conspiracy and conspiracy to commit interstate transportation in aid of racketeering.
Brener's money-laundering conspiracy, and interstate racketeering could involve one heck of a lot more than johns and whores.
CONNECT THE DOTS Brener's IRS connections, his offshore connections, and far-flung prostitution in New York, Washington, Miami, London and Paris.
Emperor's Club hookers supposedly costing $1,000-$5,500 an hour, were paid for with cash, credit card, wire transfers or money orders. That raises enormous questions about money laundering, IRS fraud and evasion of US banking laws.
On the surface, emigre Brener ran the $5500-an-hour hooker operation and is the alleged mastermind of the high-end Emperors Club.
But Brener was also working another operation---he was certified by the IRS to represent US taxpayers in disputes AND Brener also once worked for the Israeli national tax collection agency.
Brener knew the ropes.
The hooker operation could have facilitated tax evasion through crooked accounting, and/or faking high-priced trysts, then depositing the monies in friendly offshore banks to evade the IRS and US banking laws.......and in Spitzer's case evading the FEC.
Friendly banks might then wire transfer monies on which no taxes were paid to other accounts.
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The beginning of Spitzers end can be traced to three banking transfers that left his personal account at the North Fork Bank in New York last spring and summer. For reasons that have not been satisfactorily explained, these payments totaling $15,000 attracted the attention of bank employees who monitor accounts for signs of suspicious activity. (NOTE: After 911, money-laundering laws were significantly tightened, requiring banks to file so-called suspicious activity reports whenever there is evidence that clients might be trying to sidestep routine regulations).
Spitzers money transfers to a company called QAT International Inc later revealed to be a front for the Emperors Club were reportedly considered by the bank to be an attempt to avoid another law that requires all transactions over $10,000 to be reported to the US Treasury.
Breaking down payments with intent to avoid US Treasury reporting is an offense known as structuring.
Then-Gov Spitzers administration has also been connected to a sophisticated "destroyer program" that erases computer hard drives.
... ping
Good wrap-up, but it’s far from over...
The Spitzer Family to Vacation in Southeast AsiaIts been a tough year for the Spitzer family, to say the least. Now that the legislative session is coming to a close, and hes no longer responsible for steamrolling lawmakers into achieving reforms anyway, papa Eliot is taking the whole gang on a summer vacation. On Monday, according to sources, the disgraced ex-governor, wife Silda and their three girls will depart for Vietnam, Laos and Cambodia. A spokeswoman for the Spitzers, Anna Cordasco, confirmed the trip and said the family was going to Southeast Asia but didnt know the specific countries. Spitzer is still under investigation by the Feds and could potentially serve jail time for using the services of an international prostitution ring and money laundering. Recently, other members of the ring have pleaded guilty to federal charges and are expected to serve as witnesses for the government if Spitzer is indicted. But the Southeast Asia trip was Spitzer's eldest daughter Elyssa's idea, Cordasco said. And yes, after ten days or so, Spitzer is planning on returning to the United States. Geoffrey Gray
(Source: http://nymag.com/daily/intel/2008/06/the_spitzer_family_to_vacation.html
Not your average vacation spots. Mrs. Dahoser said Southeast Asia is a vacation destination for perverts, though. Quite odd.
Me so Hoeney!
....he phoned the Albany PTB.......
What/who is the PBT?
.....As the end of his campaign neared, Spitzer admitted that his father was actually paying off the loans and, therefore, financing his campaign ......
Attention Chris Dodd.....
Spitzer’s downfal provides a clue to your loans from Countrywide. Who is paying youe loans?
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Maybe it had something to do with Spitzer asking the bank employee he was talking to when setting up one of the payments "is there any way to remove my name from this transaction."
In regards to the abortion issue, Spitzer was anti-life to the point of psychosis. He relentlessly coddled baby killers and went after pro-lifers with a mad zeal.
Therefore, his troubles are a source of amusement to me.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
One of the best unintended consequences of the Spitzer legacy is his decision to allow illegal immigrants to obtain drivers’ licenses in New York.
Hillary Clinton was asked if she agreed with that position in one of the very first debates and her answer was the beginning of the end of her candidacy.
So, thanks Spitzer, and thanks too to Russert who dared to ask HIllary the question.
I know. It’s unbelievable. The “steamroller” was a dumbbell. He’s even dumber than his fellow left-wing politician with a rich daddy, Howard Dean.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Advice to Mrs. Spitzer, make sure hubby takes a good shower when he gets back from late night walks because he can’t sleep. and, no, those young girls are not really play mates for the kids.
Elliot Spitzer was sadistic and sexually perverted.
The two go together and history is filled with stories of such sickos.
His track record as a prosecutor and patronizer of prostitutes illustrates the connection.
Spitzer and all his cronies should be all in jail.
Yeah.....maybe Spitler plans (ahem) "side trips."
Spitler's overwrought ambitions, his con games to get into office, his overactive libido and his obession with killing babies---it all fits together.
Gee. I wonder if he plans to come back.
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