Eliot Spitzer Quotes
Never talk when you can nod and never nod when you can wink and never write an e-mail, because it's death. You're giving prosecutors all the evidence we need.
The then attorney general had begun a series of investigation which discovered that most of the major Wall Street brokerage houses were engaged in systematic frauds to cheat small investors. One dramatic fraud he uncovered was that the research expert analysts of major firms would recommend the stock of businesses that their firm was doing investment banking for even when they knew that the companies were not doing well or were even in deep financial trouble. See {591389} .
Eliot Spitzer, Governor of New York State (Democrat), New York State Attorney General (Democrat), Explanation to Wall Street executives who were involved in fraud, Quoted on PBS News Hour, March 11, 2008
Sourced by: Eigen's Political and Historical Quotations
The then attorney general had begun a series of investigation which discovered that most of the major Wall Street brokerage houses were engaged in systematic frauds to cheat small investors. One dramatic fraud he uncovered was that the research expert analysts of major firms would recommend the stock of businesses that their firm was doing investment banking for even when they knew that the companies were not doing well or were even in deep financial trouble. See {627544}.
Marcopolos had discovered the Bernie Madoff Ponzi Scheme Fraud 9 years before the government discovered the largest consumer fraud ($68 billion) in American financial history. He repeatedly sent warnings and explanations to the SEC investigators, most of which turned out to be exactly right. They ignored all of it I an era of deregulation, and never even investigated Madoff to see if there might be anything amiss.
- Born: June 10, 1959
- Nationality: American
- Profession: Lawyer, Politician
Eliot Laurence Spitzer is an American politician, attorney, educator, and real estate developer. A member of the Democratic Party, he served as the 54th Governor of New York from 2007 until his resignation in 2008.
