ABC News: Spitzer, Not the Prostitution Ring, Was the Subject of Investigation.

Interesting that no one involved in the prostitution ring has been indicted. And I wonder if Spitzer or any political figure wasn't involved in the prostitution ring, would the Justice Dept. gone after the prostiution ring anyway?

ABC News reports New York Governor Eliot Spitzer was the initial subject of the Justice Department investigation and it was his suspicious money transfers that led to their discovery of the prostitution ring. ABC says the feds are likely to charge him with the crime of structuring financial transactions:

The federal investigation of a New York prostitution ring was triggered by Gov. Eliot Spitzer's suspicious money transfers, initially leading agents to believe Spitzer was hiding bribes, according to federal officials.

It was only months later that the IRS and the FBI determined that Spitzer wasn't hiding bribes but payments to a company called QAT, what prosecutors say is a prostitution operation operating under the name of the Emperors Club.
And this:

The suspicious financial activity was initially reported by a bank to the IRS which, under direction from the Justice Department, brought kin the FBI's Public Corruption Squad.

"We had no interest at all in the prostitution ring until the thing with Spitzer led us to learn about it," said one Justice Department official.

More...

On the crime of structuring:

Structuring involves creating a series of financial movements designed to obscure the true purpose of the payments.

Commentary: Since the Justice official said that he wasn't interesting in the prostitution ring, you have ask is the Justice Dept.: Are you cracking down on prostitution or does it have to fall in their lap for a certain elected official?