The Reasoned Review

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SEC Ignored Fraud, Watched Porn

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I know I’m somewhat late to the party on this one, but I wanted to point out to anyone who wasn’t aware that senior members of the Securities and Exchange Commission, our main regulatory body, watched hours of pornography per day, while on the job. This peak porn usage occurred during 2007-2008, at the height of our banks’ financial fraud.

From ComputerWorld, of all places:

Seventeen investigations involved senior SEC staffers earning between $100,000 and $222,000 annually. In many cases, the Kotz’s office obtained on-the-record admissions from the employees involved, though the report does not say how, or even whether, the employees were disciplined.

Kotz’s report lists several instances where SEC employees spent several hours daily on porn. One such case involved a senior attorney at the SEC’s Washington headquarters who sometimes spent eight hours a day surfing pornographic sites and downloading explicit images. The attorney apparently downloaded so much porn that he filled up all the available space on his government-issued computer. He then downloaded more images onto personal CDs and DVDs, which he stored in boxes in his office.

Enjoy the rest of your day.

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Written by pavanvan

April 30, 2010 at 6:19 pm

Posted in Economy

Tagged with , ,

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