Monday, March 10, 2008

This is a better story than one about David Sklansky's sex life

Elliot Spitzer, the Governer of New York, the guy who caused PayPal to retreat from the gambling site payment services business back when he was Attorney General of New York, got caught with a hooker.

A $4,300 hooker, which is more than even Sklansky has to pay to get layed.

Although four people have been indicted for Mann Act and money laundering violations, he hasn't yet been charged with anthing. If (when?) he is charged it likely won't be on prostitution related charges, it will likely be for structuring bank transfers and money laundering.Structuring is the sizing and timing of bank transactions designed to keep them under the radar, for example making frequent $9,900 cash deposits.

It appears that he has been a long time customer of the escort service (they refer to him as Customer #9). The federal investigation didn't begin as an investigation into prosecution. It began becuase his bank transaction structuring caused the Feds to suspect that he was trying to launder bribe money.

There's a lesson here for poker players. Don't structure bank transactions.

Update:
As you might expect, Wicked Chops Poker is all over this story.

Also, Simple Justice, a blog of a NY criminal defense attorney has some thoughts. Simple Justice is written by a better man than me.

I doubt that Spitzer has the good sense to actually hire a real criminal defense attorney, I'm sure he'll rely on some political hack for his defense. That isn't likely to work out for him real well.

Update II:
Letterman Top 10 Spitzer excuses.

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2 Comments:

Blogger Drizztdj said...

It seems that the more righteous the person appears, the more hidden their degeneracy really is.

10:15 AM  
Blogger DMW said...

I guess it would have to be that way since if their degen wasn't hidden then he wouldn't appear very righteous.

12:57 PM  

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