I cannot imagine how Bloomberg pulled this off without committing a crime. Fathoming how he could have done this without consulting a battalion of lawyers to ensure that he found a way to do it without running afoul of the law is equally daunting.
That being said, as much as this charge is being thrown around, that Bloomberg committed crimes, no one has yet clearly laid out a single specific act, naming dates, times, persons, and unlawful actions, and the specific sections of the code that the act violates (aka a charge and specification).
I really hope someone can. I'd like to see criminal charges brought. But, until someone does detail the crime, this is just so much message board hyperbole.