Thursday, June 16, 2005

Spitzer Losing Ground: Court Loss Spurs Poll Drop

Newsday reports the gap between Pataki and Spitzer is closing with a 10 point swing:

Pataki 37%
Spitzer 50%

This just after Spitzer's big setback as he lost his case against Bank of America broker, Theodore Sihpol:
A jury of seven women and five men in Manhattan acquitted Mr.Sihpol, 37, of 29 counts of larceny, securities fraud, and falsifying business records following six days of deliberations. The jury deadlocked on four counts, leading New York State Supreme Court Justice James Yates to declare a partial mistrial.

The acquittal imperils three similar Spitzer prosecutions scheduled for trial in the fall. Mr. Sihpol's trial was the first to arise from Mr. Spitzer's investigation of mutual fund trading and may encourage other accused executives to go to trial rather than settle, as most have during a series of inquiries by his office into the financial industry over the past three years.

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