Bank Inquiry Uncovered Spitzer's Prostitution Link
A routine financial inquiry led to the discovery of New York Gov. Eliot Spitzer's involvement in a high-priced prostitution ring. How do banks scrutinize the transactions of their customers, particularly "PEPs" — politically exposed people? Thousands of activities are flagged each day, but far fewer are deemed suspicious enough to be passed on to the IRS for further investigation.
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