After threatening to re-try Mr. Sihpol, the NY AG announced that he is dropping the charges, citing Mr. Sihpol's settlement with the SEC and agreement to a 5 year ban and a $200,000 fine.
According to the New York Law Journal, a Spitzer spokesman said that "we believe that the interests of justice have been served."
No explanation was offered as to why they went after him criminally if a 5 year ban and a $200,000 fine were enough to serve the interests of justice.
