Huffpost Business

Matt Taibbi: The SEC's 'Orwellian' Wall Street Cover Ups

Posted: Updated:
SEC COVER UPS
Getty

For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed. By whitewashing the files of some of the nation's worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – $8,000 ... including Madoff," as one high-ranking SEC official put it during a panicked meeting about the destruction – have apparently disappeared forever into the wormhole of history.

Read the whole story at Rolling Stone

Around the Web

S&P Faces Charges from Wall Street Scams | Politicol News

How Levitt Covered up Wall Street Scandal | INVESTIGATETHESEC.COM

JT the Brick: Follow the money to understand scandals

Elizabeth Warren Supported By Political Group