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Showing posts with the label Spitzer

Elliot Giuliani

I confess that I didn't know much about Eliot Spitzer prior to his meltdown. However, I am rather disturbed by what I am reading about the way in which Spitzer used the power of his office for vendettas in a manner that reminds me of Rudy Giuliani. Spitzer's weapon of choice was the Martin Act : The purpose of the Martin Act is to arm the New York attorney general to combat financial fraud. It empowers him to subpoena any document he wants from anyone doing business in the state; to keep an investigation totally secret or to make it totally public; and to choose between filing civil or criminal charges whenever he wants. People called in for questioning during Martin Act investigations do not have a right to counsel or a right against self-incrimination . Combined, the act's powers exceed those given any regulator in any other state. ... Now for the scary part: To win a case, the AG doesn't have to prove that the defendant intended to defraud anyone, that a transaction...