Eliot Spitzer Loses a Round
After a five-week high profile trial, a jury has returned a verdict of "not guilty" against former Bank of America Corp. broker Theodore Sihpol ... The Wall Street Journal reports (subscription only):
Former Bank of America Corp. broker Theodore Sihpol was found not guilty of improperly trading mutual funds, in the first real courtroom test of New York Attorney General Eliot Spitzer's campaign against financial fraud.
.... The acquittal is a high-profile setback for Mr. Spitzer, who has made a name for himself while largely avoiding the courtroom. He has extracted multimillion-dollar settlements from corporate defendants, forced executives to resign and launched sweeping changes of practices on Wall Street and in the mutual-fund and insurance industries. Buoyed by his victories and the cheers of supporters, Mr. Spitzer has announced plans to run for governor in 2006.
< Vietnam to Execute Australian Heroin Smuggler | Nancy Pelosi Interview > |