The arrogant former Attorney General of New York and now Governor (for now), Elliot Sptizer, is not just going down... he's going down hard:

The federal investigation of a New York prostitution ring was triggered by Gov. Eliot Spitzer's suspicious money transfers, initially leading agents to believe Spitzer was hiding bribes, according to federal officials.

It was only months later that the IRS and the FBI determined that Spitzer wasn't hiding bribes but payments to a company called QAT, what prosecutors say is a prostitution operation operating under the name of the Emperors Club.
...
Spitzer, who made his name by bringing high-profile cases against many of New York's financial giants, is likely to be prosecuted under a relatively obscure statute called "structuring," according to a Justice Department official.

Structuring involves creating a series of financial movements designed to obscure the true purpose of the payments.

This is phenomenal.  The fact that another politician will get hamstrung by a stupid law which shouldn't even exist in the first place... and that he was considered a tough law and order type to boot... wow... just fantastic.

As attorney general, [Spitzer] also had prosecuted at least two prostitution rings as head of the state's organized crime task force.

In one such case in 2004, Mr. Spitzer spoke with revulsion and anger after announcing the arrest of 16 people for operating a high-end prostitution ring out of Staten Island.

"This was a sophisticated and lucrative operation with a multitiered management structure," Mr. Spitzer said at the time. "It was, however, nothing more than a prostitution ring."

"By the by, this moment is so great, I'd cheat on that moment from before, marry this one, and raise an entire little family of moments." ~ Dr. Cox, Scrubs