SEC Lawyers and Porn: Do the Tax Dollars Buy Offices or Cubicles?

Now we finally have the real answer about why the SEC didn’t catch Bernie Madoff. It seems they were busy probing other things.

The Washington Times reports that two dozen SEC employees have been caught looking at porn on the taxpayer’s dime over the past few years.

Indeed, one higher up seemed far more eager to be investigating money shots than money trails.

The work computer of one regional supervisor for the U.S. Securities and Exchange Commission showed more than 1,800 attempts to look up pornography in a 17-day span: "It was kind of distraction per se," he later told investigators.

The Times, which got its info from a public records request, said the government wouldn’t give the names of the offending SEC lawyers. But lest you think they were wasting your hard-earned tax dollars, listen to this:

One employee caught snooping estimated that he had been spending part of his workday looking up pornography for more than a year, though he added that he tried not to let it affect his work.

"I justified it because I would work late and I rarely would put in for any kind of comp time or anything like that.”

— Zusha Elinson

Comments

[Anonymous Contract Lawyer]

That explains those visits from SEC servers that showed up in my google analytics reports for my blog!
(seriously, I had quite a few)