Taken from the BBC:
Scandal-hit NY governor 'sorry' New York State Governor Eliot Spitzer has apologised amid allegations of involvement in a prostitution ring.
The married father-of-three said he had acted in a way that violated his obligations to his family.
Gov Spitzer, a Democrat, apologised to his family and the public, whom he said he should have served better.
He made no reference to allegations published by The New York Times, which said he had been involved with a high-priced prostitution service.
"I failed to live up to the standards I set up to myself," the first-term governor told a packed press conference at his Manhattan office.
"I must now dedicate some time to regain the trust of my family," he added, as his wife, Silda, stood by his side.
He declined to answer questions as to whether he would resign but said he would report back "in short order".
Exclusive operation
Last week, four people were arrested in connection with the alleged prostitution ring, the New York Times reported.
He has disgraced his office and the entire state of New York James Tedisco Republican state assembly leader
As part of the investigation, a federal wire-tap on a Washington hotel last month had recorded Mr Spitzer allegedly arranging to meet a prostitute, the newspaper added.
Mr Spitzer, 48, had abruptly cancelled Monday afternoon appointments to meet senior advisors about the allegations, the Times reported.
According to court papers, the investigation involves an exclusive prostitution ring called the Emperor's Club VIP, which operated in cities across the US, as well as in London and Paris.
More than 50 prostitutes were employed by the ring, charging fees ranging from $1,000 to more than $5,500 an hour, prosecutors said.
Political fallout
The Republican minority leader of the New York state assembly, James Tedisco, called for Mr Spitzer to resign "immediately".
"Today's news that Eliot Spitzer was likely involved with a prostitution ring and his refusal to deny it leads to an inescapable conclusion: he has disgraced his office and the entire state of New York," Mr Tedisco said.
The scandal could prove embarrassing for New York Senator Hillary Clinton, who is competing with rival Barack Obama to be the Democratic Party's choice to run for president.
A close ally of Mrs Clinton, Mr Spitzer has pledged to support her campaign.
He is one of the 796 super-delegates - party leaders and elected officials - who will vote on which candidate to back at the Democrats' national convention in August.
Mr Spitzer was elected governor in November 2006, promising ethical reform in New York.
As New York's attorney general, he had become known as the Sherriff of Wall Street for his relentless pursuit of financial wrong-doing.
He had also taken a firm line against prostitution in New York.
Story taken from the BBC
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