Securities and Exchange Commission

Retrospective Bernie: Just Watching

Submitted by Jack Howard on Fri, 09/04/2009 - 21:21

The mirror described the Madoff investigation (actually, more accurately plural “investigations”): “objects may be closer than they appear.” So does the necessity of a stinging review by an inspector general of SEC oversight, and the Madoff train wreck, with its $65 billion in a Ponzi Leggoland, ask a fascinating story. Who watches the watchers?
 
When the SEC is charged with mis-watching, the federal government provides an opportunity of one the special inspector generals (IG) to give room for some self-appraisal. The findings of the SEC IG were terse: investigations were neither “competent” nor “thorough.”
 
The “flubbed” investigations began with an initial complaint in 1992. Investigators and reporters were amazed, and frustrated, by the seeming inability to raise superior eyebrows…or regulator interests. The insights into what went “wrong” are bound to exaggerate the roles of actors.

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Celebrities and the Police

Submitted by Michael K on Wed, 11/19/2008 - 13:32
Tupac, Snoop Dogg, Suge Knight

Celebrities are notorious for getting into trouble, and the police often have to keep an eye on certain celebrities who get into more trouble than others. Here's a snap shot of the celebs who've gotten into trouble, just in the last few weeks:

  • The Clark County district attorney's office is seeking charges against Marion "Suge" Knight in the alleged beating of his girlfriend in August. A criminal complaint being processed Tuesday in Las Vegas Justice Court charges Knight with two counts of felony drug possession and one count of misdemeanor battery. He was arrested by police in August.
  • An up-and-coming fashion designer who has worked with A-list celebrities was convicted Thursday of sexually assaulting seven girls and women, some of them aspiring models lured to Los Angeles with promises of jobs and stays at luxury hotels..
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