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The SEC Knows of Massive Fraud and Insiders Like George Demos was hide it for folks like JP Morgan. The iViewit Technology case will be next, 13 Trillion Dollars, the SEC has Known for a Decade.
"The SEC Kicked the Can & the NY Court System Hid the Records
If you ever wonder how Madoff pulled off his scheme without the SEC picking it up, all you have to do is look at how the SEC operates. Hopefully, the SEC is working on changing their culture, but they have a long way to go, and our court system isn’t much better.
The following story gives a glimpse at the stealth under which the SEC and the courts operate, to say nothing of their loose ethics. Someone has to be held accountable, but it’s the government, so I guess no one will be.
The story begins with a sketchy relationship between D.C. and the SEC coming to light and, smack in the middle of it, is an enforcement lawyer who wants to run for Congress. The enforcement lawyer is investigating a corporation, interviews a whistle blower during the course of the investigation, and then provides the corporation he’s investigating with the whistleblower’s name.
As if that’s enough, the enforcement lawyer then posts the whistleblower’s name on his campaign site, further invading the whistleblower’s privacy and future job prospects.
The enforcement lawyer is not a bit sorry and there has been no justice in this case.