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N.Y. Attorney General Spitzer's Real Estate $$$$$

Posted by Mark Smith on April 21, 2000 at 21:40:44:

From Today's News Update in the New York Law Journal, Monday, April 24, 2000:

Most of the $5.9 million State Attorney General Eliot Spitzer and his wife Silda Wall reported as earnings on their 1999 tax return released Friday came from selling eight cooperative apartments on Central Park South. Mr. Spitzer's spokesman, Darren Dopp, said the money would be used to pay off the debt Mr. Spitzer incurred in his 1994 and 1998 campaigns for attorney general. Mr. Spitzer borrowed about $4 million from J.P. Morgan Bank for the unsuccessful 1994 campaign and another $5 million for his 1998 campaign against Republican incumbent Dennis Vacco. Late in the 1998 campaign, Mr. Spitzer acknowledged that his real estate developer father, Bernard, had lent him money to pay off the 1994 campaign debts. Mr. Spitzer's $142,492 salary last year contributed to a total income of $6.2 million.

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