Justin du Coeur (jducoeur) wrote,
Justin du Coeur

As always, it's the coverup that gets you

Latest instance: the Albany Times-Union ran a fine little story about how Eliot Spitzer managed to trip himself up.

The really fun part is that they managed to get their hands on the SAR that started it all, and put it online -- it's fascinating reading, at least as far as mandatory legal documents go. SAR is short for "Suspicious Activity Report" -- it's basically the form that banks are required to file any time they come across anything that looks non-trivially strange. When you get past the first couple of pages of boilerplate, it spends a couple of long page detailing exactly what happened.

Short version: Spitzer got taken down because he tried to make a wire transfer anonymously (a legal no-no). To make matters worse, the banker representing him then tried to argue that they had let him make this *other* (larger) wire transfer anonymously before, so why not let him do it again? That wound up setting off money-laundering alarms (the acronym "AML" pops up -- that's the anti-money-laundering unit at the bank), and everybody started getting more and more curious as they dug into all the shell companies involved in the transaction.

Frankly, from the sound of things, they were looking for something much more interesting than a simple call girl ring -- I suspect they were disappointed by the end result, spectacular though it was. At the time they filed the SAR, it looked like it might be something much more criminal, frankly...
Tags: politics

  • Anybody have pictures of Kate's and my Marriage Party?

    We're slowly moving towards putting together our wedding photo book. (On Shutterfly, which is definitely high on my list of "examples of…

  • Honeymoon

    [F'locked, on the "don't tell the world you're away" theory. ETA: now unlocked.] We're off to Europe this evening -- flying Real And For True First…

  • And oh, yes, the *important* stuff

    After almost a year and a half of planning, Kate and I formally tied the knot on Saturday. Here's a long ramble about it. I think some folks got…

  • Post a new comment


    Anonymous comments are disabled in this journal

    default userpic

    Your reply will be screened

    Your IP address will be recorded