QUOTE(Trouble @ Mar 11 2008, 08:29 PM)

The charge of structuring is odd for two reasons. One, it constitutes a form of embezzelment which does not fit the profile of a high-powered millionaire unless he was trafficing drugs or something similar. Two, to get the IRS with the FBI involved would normally warrant tax evasion. Some basic accouting fraud at the very minimum which again is unlikely considering who Spitzer was.
He's a millionaire, he's familiar with the law, and he was "structuring" his transactions to stay just below the $10,000 limit, thinking that this would keep him off the radar. When the bank noticed that he had a pattern of getting (just guessing here) $9 grand in cash moved around, it was so suspicious that they notified the feds. You obviously read this article different than I did, so let me highlight a different sentence for you.
(on edit - he was moving more than $10 grand, but he wanted to break it into pieces - that is dumb)
QUOTE
The federal investigation of a New York prostitution ring was triggered by Gov. Eliot Spitzer's suspicious money transfers, initially leading agents to believe Spitzer was hiding bribes, according to federal officials.
Political Sex Scandals ReduxIt was only months later that the IRS and the FBI determined that Spitzer wasn't hiding bribes but payments to a company called QAT, what prosecutors say is a prostitution operation operating under the name of the Emperor's Club.
....
The suspicious financial activity was initially reported by a bank to the IRS which, under direction from the Justice Department, brought in the FBI's Public Corruption Squad.
When public officials move thousands of dollars of cash around, they should be well aware of what most people familiar with big-city politics would think - bribes.
QUOTE(Trouble)
Now consider what Spitzer did for a living. He put high profile wall street money managers away for illegal trading and bribery. His work tied him to the banking industry by scrutinizing corporate records. You really think it is a coincidence that Spitzer was known as the
Sheriff of Wall Street and had the IRS on his back 'just because'? C'mon!
At this point it appears Spitzer stepped on some toes and a big someone surveilled him until they could find scandal on him. This has nothing to do with public integrity, this is a grudge hit job.
As Bill would say, this was a "Nice Little Conservative Hit Job".Again, he didn't have the IRS "on his back" until he engaged in suspicious financial dealings, and his bank reported him. Whether their motive were pure as driven snow, we will not know. Knowing Spitzer, he was a high-maintenance jerk to the tellers and manager, and the manager noticed the discrepancy, and filed paperwork just to screw him over. Which, in this case, appears to have served him right.
You have no basis and no evidence for your charges of conspiracy here. I can't even imagine why you are defending this guy. It has nothing whatsoever to do with "liberal" or "conservative."
Lastly, I have to again ask why those engaged in criminal activity, and named in a public indictment, deserve protection and anonymity. I honestly don't know the protocol here. When Barack Obama's name comes up in the Rezko trial, they don't redact it. When Governor Ryan's name was listed in indictments for 'license for bribes,' he wasn't "bribery guy 9."
Looks like they may have also feared he was
being blackmailed ...
QUOTE
Spitzer last year had wanted to wire transfer more than $10,000 from his branch to what turned out to be the front for the prostitution ring, QAT Consulting Group, which also uses a number of other names, in New Jersey, the sources said.
Spitzer had the money broken down into several smaller amounts of under $10,000 each, apparently to avoid getting around federal regulations requiring the reporting of the transfer of $10,000 or more, the sources said. The regulations are aimed at helping spot possible illegal business activities, such as frauds or drug deals.
Apparently, having second thoughts about even sending the total amount in this manner because it still might reveal what he was doing, Spitzer then asked that the bank to take his name off the wires, the sources said.
...
The bank then, as is required by law, filed an SAR, or Suspicious Activity Report, with the Internal Revenue Service, reporting the transfer of the money that exceeded $10,000, but had been broken down into smaller amounts, the sources said…
...
The assumption, the sources said, was that Spitzer was somehow being victimized either by a blackmailer or an impostor. The agents also speculated that perhaps the governor was involved in some sort of political corruption, the sources reiterated.