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Tuesday, March 11, 2008

The money shot....

So to speak, in the Spitzer probe, as described by The New York Times just now, which noted that IRS investigators conducting a routine examination of suspicious financial transactions reported to them by banks "found several unusual movements of cash involving the governor of New York, several officials said. …The money ended up in the bank accounts of what appeared to be shell companies, corporations that essentially had no real business. The transactions, officials said, suggested possible financial crimes — maybe bribery, political corruption, or something inappropriate involving campaign finance. Prostitution, they said, was the furthest thing from the minds of the investigators. …

"Because the focus was a high-ranking government official, prosecutors were required to seek the approval of the United States attorney general to proceed. Once they secured that permission, the investigation moved forward.

"At the outset, one official said, it seemed like a bread-and-butter inquiry into political corruption, the kind of case the F.B.I. squad, known internally by the designation C14, frequently pursues. But before long, the investigators learned that the money was being moved to pay for sex and that the transactions were being manipulated to conceal Mr. Spitzer’s connection to payments for meetings with prostitutes, the official said."

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