Eliot Spitzer resigned as governor of New York after being implicated in a prostitution ring. He  will be succeeded by Lt. Gov. David Paterson.

With the resignation of Eliot Spitzer, Lt. Governor David A. Paterson will become New York's first African-American governor and the first-ever legally blind governor in U.S. history.

The  criminal investigation that discovered Governor Eliot Spitzer's tryst began last year in a nondescript office building opposite a Dunkin’ Donuts on Long Island, according to law enforcement officials.

New York Governor Eliot Spitzer, once known as the Sheriff of Wall Street, has been linked to a high-priced prostitution ring.  The allegations have rocked New York, and Wall Street in particular. 

Walter Pagano, a former IRS agent, and Wilmer Parker, a white-collar criminal defense attorney, discuss the money tranmsfers involved in the case.

Ken Langone, the former NYSE board member who clashed with Spitzer in the Dick Grasso compensation case, savors the fall of his nemesis.

New York Governor Eliot Spitzer apologized today to his family and the public after reports linked him to a high-priced prostitution ring. CNBC's Larry Kudlow and his panel take a closer look.

Former SEC boss Harvey Pitt explains how a law Spitzer used to catch money launderers apparently perked investigators' interests, leading them to the prostitution ring.

As quickly as the news broke about Eliot Spitzer's scandal, Web sites began selling t-shirts poking fun at the Governor. Click on to see some more shirts available on the Web.