Re: Cable TV News badly misreported Gov. Spitzer's case


<hancock4@xxxxxxxxxxxx> wrote in message news:fc57aa85-793e-4b04-9388-e815dd8cb3ea@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In watching cable TV news and reading some postings here, it is clear
the cable TV news badly screwed up. Here are the facts:

1) Transaction reporting: The requirement for banks to report routine
transactions over $10,000 applies to CASH only.

Not necessarlily. See this http://www.irs.gov/compliance/enforcement/article/0,,id=113003,00.html



2) There is nothing illegal in itself to "restructure" transactions to
hide them, unless it is too cover up something else (like evading
taxes, drug dealing, giving/taking a bribe). If, for example, ones
hides transactions to keep them from one's spouse, that is perfectly
legal.

And, of course, the implication is that the movement of funds in question here was for illegal purposes. Namely, the procurrment of prostitutes and their services.


3) Mann Act violation: It is extremely rare to be prosecuted under
that law. That law applied to forced transport, not consenual
meetings.

No, it did not. Any transportation of a person across state lines for the purpose of prostitution would constitute a violation of the Mann Act.
See this http://wise.fau.edu/~tunick/courses/conlaw/mann.html


4) Federal prosectuion of similar cases: The types of things Sptizer
allegedly may have done are NOT normally prosecuted under Federal law.

If he violated the Mann Act, then he would be committing a Federal Offense. If he illegally moved sums of money, especially money gained from illegal activities, across state lines, that would likely be a Federal Offense.



5) Bank account monitoring: Banks are required to report "unusual"
transactions for an individual as a result of anti-terrorism laws
passed after 9/11. This is how Spitizer was caught. The definition
of "unusual" is described in newspaper reports.

The NY Times today had a series of articles describing the course of
events. I would suggest anyone interesting in the actual facts,
rather than the gory gossip, go there. www.nytimes.com

Spitzer arranged for, paid for, and used the services of a prostitute who he had transported across state lines. He got caught. He's a self-righteous, swaggering, posturing hypocrite who deserves to lose everything he owns to his wife who will hopefully be crucifying him in divorce court. He's a scumbag. He isn't sorry for anything except being stupid enough to get caught.


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