Experts: Indictments Loom For Spitzer

Disgraced Former Governor Could Face Myriad Of Charges

NEW YORK (CBS) ― Eliot Spitzer's resignation Wednesday spares him and the state the spectacle of an impeachment, but what about an indictment?

It was a rare and unequivocal declaration by U.S. Attorney Michael Garcia: "There is no agreement between this office and Gov. Eliot Spitzer, relating to his resignation or any other matter."

And in Spitzer's own words:

"Over the course of my public life, I've insisted, I think correctly, that people regardless of their position or power take responsibility for their conduct."

But what conduct? And what form will that responsibility take? Legal observers say there's a good chance the governor will be indicted.

"To move funds from one place to the other, to hide the source of the money … it's still going to be money laundering," said John Jay College School of Criminology professor Joseph King.

Experts say "Client 9" could face the following charges:

* Money laundering for trying to conceal the source and recipient of financial transactions.
* Tax evasion, if he was a knowing party to an all-cash business that wasn't filing taxes.
* Violation of the Mann Act for paying for the trip from New York to D.C. by the call girl known as "Kristen."
* Misuse of state resources, if he used his state-issued credit card for hotels or meals with prostitutes as well as if he was being protected by State Troopers during his dalliances.
* And finally, soliciting prostitution.

There's also the question of whether Spitzer used campaign funds for these trysts, which opens up a whole other litany of charges from fraud to federal election violations....

• Experts: Indictments Loom For Spitzer
• "It's Now a War Between Us," Eliot Spitzer Told Me. "I will be Coming After You."