It appears that there's lots to prosecute in this case.
"But there's an even simpler money laundering law that I imagine the Governor may be concerned about. You have committed a felony violation, punishable by up to 20 years in jail, if you have money that is the proceeds of some form of illegal activity (including prostitution), and you conduct a financial transaction with those proceeds (a) with the intention of promoting certain crimes (including prostitution), or (b) with the knowledge that the transaction is designed to conceal how the proceeds were generated.
If I understand the allegations correctly, Spitzer not only obtained and paid in cash in order not to leave a paper trail, but paid extra cash in order to set up a credit with the prostitution ring for future use. That raises the possibility of money laundering under both the promotion and concealment theories."
Ah, but already some of the dumbasses are babbling about "The Vast Right Wing Conspiracy" wanting to prosecute yet another Dem/Lefty/"Progessive" hero over "sex".
It's a good thing "arrogance" is not a crime. Otherwise, Spitzer (and Ed Cone) would have long ago started serving sentences.