New York Gov. Spitzer Admits ... Something

UPDATED:
At roughly 3:15, New York Gov. Eliot Spitzer admitted he acted in "an inappropriate way" that "violated the trust of his family" and apologized to the public and his family.

He did not deny or confirm the New York Times article that alleges that Gov. Spitzer may have been "client "Number 9" of a high-priced call-girl ring.

One of the clients described in court papers "arranged to meet with a prostitute in Washington who was part of the ring on the night of Feb. 13," says the Times. The Gov. was in Washington at that time.

Last week Federal agents raided three Brooklyn locations and arrested four individuals believed to be the leaders of the international prostitution ring servicing clients in New York, Los Angeles, Miami, and Paris.

According to the Brooklyn Eagle, the Emperors Club employed "model-esque escorts who charged anywhere from $1,000 to $3,100 per hour, based on each particular woman’s diamond rating."

According to the Eagle, the Emperors Club concealed the illegal nature of the business by accepting monetary proceeds in U.S. bank accounts on behalf of front companies such as QAT Consulting Group, Inc. and QAT International, Inc.