Re: Do you think its fair that Eliot Spitzer was brought down due to the Patriot Act?
Banks have been under strict rules for a couple of decades because of the drug money laundering going
on, i.e., the reporting of cash deposits of $10K and such, etc. That's not new. He would have been
busted at some point, because the banks have to report any funny or odd 'cash' transfers and money
movements - add in crossing borders w/banks, and it's a double whammy.
The Patriot Act helped to catch him as well. Because the Patriot Act, as many have noted, but, few
have paid attention to...did not create a whole new area of laws - it added to existing laws, and
combined departments authority to use those laws. Like the banking laws.
If you go into a bank today and deposit $9,500.00, you don't have to fill out a certain govt. form.
You deposit $10,000.00, you get asked to fill out a special form, and you're told it may be reported
to the govt. Not a secret.
Eliot Spitzer was brought down by his stupidity.
If you're a guy disliked by the politicians in both parties,
because you're an arrogant jerk, who treats people like dirt,
big and small fish, you're not going to get any sympathy from
anyone when they find out you like to hire hookers, and make
them do some very strange things.
You'll just get laughed at.