White Collar Crime Prof Blog Explores Possible Money Laundering Charges Against Former New York Governor Eliot Spitzer
The White Collar Crime Prof Blog published a post earlier this month examining the possible money laundering charges against former New York Governor Eliot Spitzer. The post notes that if Spitzer split deposits or withdrawals in the banks accounts used to pay for his flings to stay below the $10,000 threshold for filing a Currency Transaction Report by the bank, then he could be guilty of structuring under 31 U.S.C. Sec. 5324(a). Supreme Court and Second Circuit decisions discussing the scope of this federal statute are reviewed.