Eliot Spitzer
PER
Spitzer Eliot Spitzer
The New York attorney general, Eliot Spitzer, says that in practice, it's a lousy deal. In a lawsuit filed this week, Mr. Spitzer contends that the accounts are virtually guaranteed to lose money because of low returns and high fees. Besides facing Mr. Spitzer's suit, H&R Block is also being sued over high-cost short-term loans it makes against filers' refunds, and it recently paid $62.5 million to settle some cases related to the loans.