March 10th, 2008

Maybe I Should Start Believing In Karma

ABC News is saying that Eliot Spitzer didn't just happen to walk into a prostitution investigation.  They're saying that the Feds were after Spitzer all along... for money laundering.
"We had no interest at all in the prostitution ring until the thing with Spitzer led us to learn about it," said one Justice Department official.
This is even worse news for him.
Spitzer, who made his name by bringing high-profile cases against many of New York's financial giants, is likely to be prosecuted under a relatively obscure statute called "structuring," according to a Justice Department official.
Likely to be prosecuted?  For a financial crime?

Like Wall Street, I am overjoyed
With schadenfreude.