"Spitzer 2006," the almost certain name of New York Attorney General Eliot Spitzer’s campaign fundraising group, asks for money in funny ways, Newsweek reports.

The magazine reports that Spitzer’s office called hedge fund manager Stanley Druckenmiller last fall, saying that it was not calling on a "regulatory matter." Spitzer apparently got on the phone and asked for $25,000 contributions from both Druckenmiller and his wife, both of which were fulfilled. Spitzer does not deny that he made the call, though his office does say it did not ask for a specific amount.

Many other hedge funds count themselves as Spitzer donors, but the attorney general says that as long as those companies are not under investigation by his office, there is nothing wrong with accepting their money. A spokesman reminded Newsweek of $21 million returned to Donald Trump in the past when Trump had business before Spitzer’s office.

Spitzer has come under scrutiny in the past for his fundraising, most notably during his 1998 run for the AG post, when he failed to reveal that his wealthy father financed most of his campaign.


The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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