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4 posts tagged with sec and fraud. (View popular tags)
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The SEC's Memory Hole

Is the SEC Covering Up Wall Street Crimes? "A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals."
posted by homunculus on Aug 18, 2011 - 45 comments

The SEC's Kiss of Death

"When a company or individual receives a surprise subpoena on a Friday from the SEC, it is usually designed to ruin their weekend plans. Yes, the SEC can get personal in its own way...Back in the day as the criminal CFO of Crazy Eddie, I received a surprise subpoena from the SEC late Friday afternoon. I had to wait until Monday before my attorneys had time to advise me on a course of action." Ex-white collar felon Sam Antar blogs about the SEC's recent move. [more inside]
posted by inkyroom on Apr 20, 2010 - 50 comments

Too big not to fail?

SEC sues Goldman Sachs for fraud. GS has already come under fire for "betting against" financial products it was marketing, a practice that apparently helped it prosper from the real estate bubble but come out relatively unscathed. The SEC now says that one such product was designed specifically so that a Goldman business partner, Paulson & Company, could take a short position on it. Investors were apparently not advised of this fact. Goldman's stock was off more than 10% in the half hour following the announcement. [more inside]
posted by grobstein on Apr 16, 2010 - 48 comments

You've got jail?

You've got jail? The SEC is no longer alone in investigating accounting irregularities at AOL Time Warner. Tonight the "world's leading media and entertainment company" confirmed that the U.S. Justice Dept. has opened its own probe. This, one day after President Bush signed the so-called Corporate and Auditing Accountability, Responsibility, and Transparency Act (pdf of HR 3763) (summary). Tonight, however, lawmakers from both sides of the aisle, including Senators Patrick Leahy, D-Vt and Chuck Grassley, R-Iowa are criticizing the President for trying to weaken the corporate fraud bill before the ink is even dry.
posted by found missing on Jul 31, 2002 - 7 comments

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