Spitzer's back with $180m property deal

Comeback: Eliot Spitzer has returned to the lucrative property business which bankrolled his rise to fame
11 April 2012

Disgraced former New York Governor and Wall Street clean-up king Eliot Spitzer is back in business.

Spitzer who first made his name cracking down on a whole range of spurious investment banking practices but then abruptly exited public life last year after being outed as a customer of a prostitute ring, has returned to the lucrative property business which bankrolled his rise to fame.

The one-time New York attorney general who went on to become the state's Democrat Governor has, through his father's real estate company, paid $180 million (£126.2 million) for a 13-storey office block just down the road from the White House in Washington DC.

The building currently houses part of the Nixon Presidential Library, the public relations firm Fleishman-Hillard and the Institute of Scrap Recycling Industries.

It is also just one block down from the hotel which was the location of the tryst with a prostitute which led to his resignation as Governor of New York.

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in