4.23.2010

Not the Smartest Guys in the Room

This might explain a bit about how Bernie Madoff and Goldman Sachs got away with what they did...
• A senior attorney at the SEC's Washington headquarters spent up to eight hours a day looking at and downloading pornography. When he ran out of hard drive space, he burned the files to CDs or DVDs, which he kept in boxes around his office.

• An accountant was blocked more than 16,000 times in a month from visiting websites classified as "sex" or "pornography." Yet, he still managed to amass a collection of "very graphic" material on his hard drive by using Google Images to bypass the SEC's internal filter.

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