[funsec] Love in the time of audits

Steve Pirk orion at pirk.com
Mon Jul 6 14:23:58 CDT 2009


On Mon, 6 Jul 2009, Rob, grandpa of Ryan, Trevor, Devon & Hannah wrote:
> billion.  On one occasion in 2004, the SEC investigator in the Office of
> Compliance Inspections and Examinations warned supervisors that the
> perpetrator’s paperwork and electronic data were full of irregularities. She took
> her concerns to her supervisor, who was working under the assistant director of
> the department. The assistant director, who is no longer with the SEC, later
> married the perpetrator’s niece. The investigator’s claims turned out to be
> consistent with the case the Justice Department eventually brought against the
> perpetrator. When the investigator brought her concerns to her supervisor,
> however, he directed her to concentrate on an investigation of mutual funds.
>
> http://www.upi.com/Business_News/2009/07/02/Five-SEC-investigations-
> missed-Madoff/UPI-51201246538744/
>

I am waiting for the other shoes to drop as this story unfolds. I hope 
it gets good coverage on npr or the bbc. This scheme involved a lot 
more people than we think I bet...
--
steve


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