Wednesday, August 7, 2013

Spitzer to Spend Up To $12 Million of His Own Funds on NYC Comptroller Campaign

Former Gov. Eliot Spitzer, who is financing his bid for New York City comptroller from his personal funds, informed the Campaign Finance Board he doesn't plan to spend more than $12 million on his comeback campaign, reports WSJ.

Spitzer isn't legally bound by this commitment.

According to WSJ:
In a July 24 letter to the Campaign Finance Board, which was reviewed by The Wall Street Journal, Mr. Spitzer wrote he has "no plans" to spend more than $12 million. Still, he left open the possibility that he could change his mind.

"In making this statement, I am not waiving my constitutional right to do so should my plans and circumstances change," Mr. Spitzer wrote. "However, in the interest of fairness to my opponent and the Campaign Finance Board program for participants, I commit to you that I will notify the CFB within 24 hours of any unanticipated changes in plans."
Spitzer's wealth comes about via his father Bernard Spitzer, who is an NYC real estate tycoon and is estimated to be worth $500 million. Spitzer resigned as governor of NY after being caught using part of that fortune on high priced call girls. In a twist that would certainly cause Freud to sit up and take notice, while attorney general, Spitzer spearheaded the prosecution of two alleged prostitution rings.

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