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The SEC

*******************  UPDATE ********************* We have Important Information regarding failures of the SEC to investigate obvious crimes and related securities violations by certain parties who hired current and former DOJ lawyers. *******************  UPDATE ********************* SEC ignoring Madoff warnings   in re: Aureal, Inc.; USBC Northern District of California, No. 00-42104 T11.  Finally Public!  This document was kept secret in deference to the SEC. Well, time's up.  Bernie Madoff was not the only hedge fund crook filling false documents with the SEC.  There were other scams employed by hedge funds right under the noses of the SEC besides a Ponzi Scheme like Bernie's.                 How about when a hedge fund does a hostile takeover of a public company and takes all of the money for themselves while their conflicted lawyers oversee multiple fraudulent filings to the SEC?                    Harry Markopoulos was not the only independent business person who took the risk of putting his own name on a letter to the SEC warning of crime by a hedge fund.    This document  is the follow-up, with color charts detailing obvious SEC violations, sent initially via eMail and later copied via certified letter to Linda Chatman Thomsen and her boss Christopher Cox, to the original letter requested by Marc J. Fagel regarding SEC filings by the client of PriceWaterhouseCoopers and HBD.  Surely it is a sad notion, but please realize that spouses, nieces, and nephews of SEC lawyers count on corruption in order to land multi-million dollar roles as partners at BigLaw law firms, broker dealers, and hedge funds.  These corrupt government lawyers view their job responsibilities and authority as a bargaining chip to riches:                "You want me to look the other way?" "Send more $$$ business to my husband's law firm!" or "My niece needs to make partner!" or "If my cousin's wife is hired by your hedge fund I'll see that your fine will be a minor slap on the wrist".   Yes, justice in America has been traded for favors by SEC and DOJ lawyers, and the of the spiral of unopposed fraud is what has caused our current financial crisis. The financial crisis we are in could have been easily averted if the SEC did not maintain a policy which protected former U.S. DOJ and SEC lawyers, and their clients, from enforecement action.  This "Ape shall never kill Ape" mentality appears to be the root cause of the growth in extreme public company corporate fraud and malfeasance resulting in today's unprecedented financial crisis.  Corrupt businessmen learned that if they hired a former government regulator, they could practically always get away with fraud.  These cycles of massive corporate fraud were obvious back with the Leslie Fay / Bear Stearns / Weil Gotshal fraud (essentially unpunished) and grew worse and worse with Worldcom and peaking with the likes of Fannie Mae and Madoff. ********************************************* Watch here for downloadable documents, and a videos. ********************************************* The Securities And Exchange Commission (the "SEC") is an agency of the United States federal government that holds responsibility for enforcing the federal securities laws and regulating the professionals and firms in the securities and investment advisory industry. In Their Own Words - The SEC describes their purpose as follows: " The laws and rules that govern the securities industry in the United States derive from a simple and straightforward concept: all investors, whether large institutions or private individuals, should have access to certain basic facts about an investment prior to buying it, and so long as they hold it.  To achieve this, the SEC requires public companies to disclose meaningful financial and other information to the public.  This provides a common pool of knowledge for all investors to use to judge for themselves whether to buy, sell, or hold a particular security. Only through the steady flow of timely, comprehensive, and accurate information can people make sound investment decisions. " The Division of Enforcement is charged with the responsibility to ensure that this purpose is achieved.  Ms. Linda Chatman Thomsen is the Director of the Division of Enforcement.  Before joining the staff of the Commission, Thomsen was in private practice at the law firm of Davis Polk & Wardwell in Washington, D.C., and New York, and also served as an Assistant United States Attorney for the District of Maryland.  In November 2004, Linda Thomsen was identified by writers and editors of the Wall Street Journal as one of fifty “Women to Watch.”  She received her A.B. from Smith College and her law degree from Harvard University. The Commissioners of the SEC are: Chairman Christopher Cox Commissioner Paul S. Atkins Commissioner Annette L. Nazareth Commissioner Kathleen L. Casey What relevence does the Securities And Exchange Commission have with the subject of misconduct in bankruptcy proceedings? Attention High School educators and students: BankruptcyMisconduct.com hopes to announce the specific details of a written scholarship contest whereby students would submit written essays answering questions such as the above. Please watch for more details... Write Comment Name: Guest Title: BBCode: Comment: Comments Linda Thomsen and SEC enforcement agains Written by Guest on 2008-07-12 00:08:23 Didn't Thomsen nail HP for failing to disclose the resignation of one of their directors? It was the SEC's initial action which eventually resulted in felony charges against the Hewlett-Packard CEO. Powered by AkoComment 2.0!

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