New York Governor resigns, story grows deeper

March 13, 2008 |  by  |  Breaking News
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Spitzer ResignsWith nothing left to do but to leave his job to stop the bleeding, New York Governor Eliot Spitzer did just that Wednesday. Catching nobody by surprise, Spitzer made a quick announcement to the press before heading off without answering questions.

“Over the course of my public life, I have insisted — I believe correctly — that people regardless of their position or power take responsibility for their conduct,” Spitzer said during his resignation. “I can and will ask no less of myself. For this reason, I am resigning from the office of governor.”

Making headlines all week, the Spitzer case has added new elements in the last 24 hours that has made it impossible for the Governor to keep his job.

The New York Timesis reporting that Spitzer has spent upwards of $80,000 on high-priced prostitutes over the last 10 years. What may cause the now former-Governor even more problems with federal or state investigators is whether he laundered any of that money.

In the effort to hide the money he was spending on prostitutes from his wife, Spitzer moved his money around from bank to bank to hide the money trail. For the former prosecutor who made a name for himself putting away white-collar criminals in large part due to money laundering, the very thing that made him famous could be putting him in jail.

Most legal analysts suggest that Spitzer will not be charged with Man Act, a little used law on the books since 1910 to prevent women from being moved from state to state for prostitution. But, his biggest issues will be with the money laundering, and whether state or federal prosecutors go after him, the charges could vary.

In other news, “Kristen,” the woman in the middle of the Spitzer ordeal, has been hiding out in her New York apartment. The Times also uncovered the prostitute’s identity and determined that Spitzer had met the 22-year-old on more than one occasion.

Also released yesterday is that Spitzer used prostitutes in New York, Washington, Dallas and Miami.


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