Tuesday, November 22, 2005

Spitzer Back-Peddling

Special Prosecutor Fitzgerald may not be the only one back-peddling.  It seems that Eliot Spitzer has had to re-evaluate some of his cases.  Most recently he has decided to drop fraud charges against an individual associated with Canadian Imperial Bank of Commerce. (see Wall St J here)  Spitzer had previously decided not to proceed against a Bank of America broker after a trial found the broker not guilty on most of the counts and hung on four counts.  It is important for a prosecutor to re-evaluate his or her case, especially after a hung jury.  With limited tax dollars it is important that prosecutors use these resources wisely.

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2005/11/spitzer_backped.html

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