Spitzer defeated Republican incumbent Dennis Vacco in 1998 to become state attorney general, earning a reputation as the "Sheriff of Wall Street" for his efforts to curb corruption in the financial services industry.
Since leaving the governorship, Spitzer worked as a television host and an adjunct instructor at City College of New York, along with engaging in real estate activity and making private investments in a start-up company.
from the Woodrow Wilson School of Public and International Affairs in 1981, completing a 151-page-long senior thesis titled "Revolutions in Post-Stalin Eastern Europe: A Study of Soviet Reactions".
[citation needed] Spitzer joined the staff of Manhattan District Attorney Robert Morgenthau, where he became chief of the labor-racketeering unit and spent six years (1986–1992) pursuing organized crime.
[citation needed] Spitzer devised a plan to set up his own sweatshop in the city's garment district, where he turned out shirts, pants and sweaters, and hired 30 laborers.
[15] Joseph and Thomas Gambino, the latter being an extremely high-ranking member, and two other defendants took the deal and avoided jail by pleading guilty, paying $12 million in fines and agreeing to stay out of the business.
[citation needed] Thirty-four-year-old Spitzer decided to run as a Democratic candidate in the 1994 election for Attorney General, as did Koppell, Brooklyn Family Court Judge Karen Burstein, and Kings County DA Charles J. Hynes.
Traditionally, state attorneys general have pursued consumer rights cases, concentrating on local fraud while deferring national issues to the federal government.
In particular, under the Martin Act of 1921, the New York Attorney General has the power to subpoena witnesses and company documents pertaining to investigations of fraud or illegal activity by a corporation.
When inquiries into these allegations by the U.S. Securities and Exchange Commission (SEC) and Congress failed, Spitzer's office used its subpoena power to obtain corporate documents, building cases against the firms both in courtrooms and in public opinion.
[38] In January 2006, Spitzer selected New York State Senate minority leader David Paterson as his choice for lieutenant governor and running mate.
After announcing his candidacy, Spitzer was endorsed by numerous New Yorkers, including state Comptroller Alan Hevesi and two former New York City mayors, David Dinkins and Ed Koch.
Spitzer's reform-based platform, and his pledge "to change the ethics of Albany", hit an early roadblock when his ideas on how to fill vacancies in the executive department were defeated by the state legislature.
[51] Some Assembly Democrats were alienated over the incident, and questioned Spitzer's refusal of extending patronage to party members seeking local[vague] political appointments.
On February 7, 2007, when the Legislature voted, Stark was one of two names put into nomination, along with Assemblyman Thomas DiNapoli of Long Island, Assembly Leader Sheldon Silver's choice.
[verification needed] Spitzer traveled to the home districts of Democratic assemblymen William B. Magnarelli and George S. Latimer (in Syracuse and Westchester County, respectively), and publicly criticized them for their votes on DiNapoli; he had plans to exert similar pressure on other of his party's legislators.
[56] Spitzer's reputation as a "steamroller" was shared by a plurality of New Yorkers in a Quinnipiac University poll, but by a 3-to-1 margin they believed the tactic had been unsuccessful and had only added to political gridlock.
[58] In the wake of the political surveillance controversy involving Bruno, Spitzer was accused of pandering to special interest groups to solidify his base of support.
"The governor who took office vowing to clean up Albany has lost so much public support that he is reduced to feathering the nest of the unions and other liberals", wrote Michael Goodwin of the Daily News.
[59] In February 2008, The Washington Post published an op-ed written by Spitzer in which he criticized the Bush administration for inhibiting states from pursuing predatory lenders.
[63][65][70][71] Spitzer responded at a July 23 press conference that "As governor, I am accountable for what goes on in the executive branch and I accept responsibility for the actions of my office"[63] and that his administration had "grossly mishandled"[63] the situation.
[81] On November 14, the day following the release of a poll showing the proposal as extremely unpopular with voters, Spitzer announced he would withdraw the plan, acknowledging that it would never be implemented.
Spitzer could have made history.Instead he left office in disgrace three years ago amid a flood of tabloid headlines that recounted salacious details from his repeated use of a high-end escort service.
[107]On July 16, 2008, The New York Times published an article that explained how Spitzer used campaign funds to pay for two Mayflower Hotel bookings, $411.06 apiece, where he was alleged to have met with prostitutes.
"[109] In September 2009, Spitzer joined the faculty of the City College of New York as an adjunct instructor of political science and taught an undergraduate course called "Law and Public Policy".
Spitzer concluded the piece by saying that he hoped the Obama administration would make the right policy choices, "although mistakes I made in my private life now prevent me from participating in these issues as I have in the past.
On June 24, 2010, CNN announced that Spitzer would be joining the network to host a "round-table" discussion program alongside center-right commentator Kathleen Parker.
[124] According to prosecutors, Spitzer was the victim of a long-running extortion scheme by Svetlana Travis-Zakharova, a Russian woman who was arrested in October 2016 and charged with forgery and grand larceny.
Prosecutors said that Travis-Zakharova extracted $400,000 from Spitzer and also attempted to extort $5,000 from a different man, a toy store owner, and forged his signature on an apartment lease.
Spitzer subsequently filed a civil suit against Travis-Zakharova, alleging that she had threatened to "ruin his life" unless he agreed to pay her large sums of money.