Love in the time of audits

["Rob, grandpa of Ryan, Trevor, Devon & Hannah" <rMslade () shaw ca>]

The U.S. Securities and Exchange Commission failed to uncover the largest Ponzi 
scheme in history on five occasions in 20 years.  The SEC is investigating how it 
may have missed detecting the massive fraud that may have lost as much as $50 
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/  

======================  (quote inserted randomly by Pegasus Mailer)
rslade () vcn bc ca     slade () victoria tc ca     rslade () computercrime org
Start every day off with a smile and get it over with. - W.C. Fields
http://victoria.tc.ca/techrev/rms.htm 
http://blog.isc2.org/isc2_blog/slade/index.html http://twitter.com/rslade
http://blogs.securiteam.com/index.php/archives/author/p1/

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