Last February, an unnamed Securities and Exchange Commission worker got in a bit of trouble with his employer for checking out a little porn while on the job. The guy made at least 1,800 logged attempts to check out some sites that included www.ladyboyx.com, www.ladyboyjuice.com, www.trannytit.com, and www.anal-sins.com, which, he admitted, “were kind of distraction per se.” But he had a good reason which is that he had a lot of work to do, and it was stressing him out.

Now it seems that the tranny tits were in fact not just “kind of” a distraction, “per se,” but a “huge ass” distraction. In SEC Inspector General David Kotz’s latest semi-annual report, released Monday, it is disclosed that the watchdog is close to wrapping up an investigation into whether or not “a senior-level official” directed staff not to go after red flags in an investment adviser case in order to cover his own hide, which had previously investigated the firm and failed to uncover the fraud, possibly as a result of spending too much time surfing for lady boy juice at work.

Complaint of Failure of an SEC Regional Office to Uncover Fraud and Inappropriate Conduct on the Part of a Senior-Level Official

In March 2010, the OIG received an anonymous complaint alleging that a senior-level official in the investment adviser examination program at an SEC Regional Office instructed examiners to not pursue certain “red flags” in an examination in which the SEC staff uncovered a massive fraud. The complaint further alleged that the senior official’s apparent motive for these instructions was that he either performed, or was materially involved in directing, the most recent prior examination of the firm that did not uncover the fraud, although it existed at the time. In addition, the complaint alleged that a hostile work environment existed in the Regional Office as a result of management’s failure to aggressively discipline the senior official after a previous OIG investigation revealed that the senior official had viewed pornographic images from an SEC computer.

During the reporting period, the OIG obtained and reviewed the e-mail records of 11 former and current SEC employees, and searched over 68,000 e-mails. We also obtained and reviewed thousands of pages of pertinent documents, including the examination files for three examinations conducted of the firm. The OIG also took the testimony of 17 witnesses who had knowledge of the facts and circumstances surrounding the allegations in the complaint. The OIG has nearly completed its investigatory work and intends to issue its report of investigation early within the next reporting period.

From the original whistle-blower letter, which got the investigation ball rolling:


SEC-IG Report [PDF]

Comments (12)

  1. Posted by Mgalanowsky | November 30, 2010 at 9:48 PM

    Anyone catch Jon Favreau with a unibrow debating renting vs home ownership? Who lets these guys go on the air like that?

  2. Posted by Guest | November 30, 2010 at 9:56 PM

    So Egregiously Cocky

  3. Posted by Gossiparino | November 30, 2010 at 10:00 PM

    Speaking of assclowns on the air – we ain’t heard much from the Gasbag lately. Is he back in rehab? Nobody defends their “habits” as well as the Disgrace from Pace. “Hey yous guys. Don’t be pickin on mees. If you was sleepin wid my misses, youd be jerkin off and doin dope two!”

    Has anyone noticed that Gossiparino has resorted to falsified book reviews on Amazon. It’s quite transparent. The book is ranked around 5,000 and has been the Gossipboy’s second bust in a row after the Sellout (the one that couldn’t sell out). It appears as though people have been hired to generate “5 star” ratings. When you click “read their other reviews”, these supposed book reviews are dominated by people who endorse products and gadgets sold on TV. So, we’re suppored to believe that out of the blue these brainiacs read his book and were suddenly enlightened. Gome on Chuckster. Don’t resort to makin this shit up.

  4. Posted by ahahah | November 30, 2010 at 10:03 PM

    Sweet–makes me look competant!

  5. Posted by DingleBells | November 30, 2010 at 10:09 PM

    No fucking wonder they were asleep at the wheel. With a leader named Zzz, how could one not want to sleep?

  6. Posted by Echo | November 30, 2010 at 10:14 PM

    “The investigators were T and A.” At least they still have a sense of humor.

  7. Posted by guest | November 30, 2010 at 10:16 PM

    Wow you know what really grinds my gears?

    That rant.

    -P. Griffin

  8. Posted by Guest | November 30, 2010 at 10:22 PM

    I liked that too.

  9. Posted by Anonymous | November 30, 2010 at 10:46 PM

    Ummm… who cares? The guy is irrelevant and becoming more so every day.

  10. Posted by Del.Griffith@alfc.cap | November 30, 2010 at 11:00 PM

    You know what burns my ass? A grass fire about this high! Gotcha!! LOL!!

    -Del Griffith
    Shower Curtain Ring Salesman
    American Light & Fixture Company
    Chicago, IL

  11. Posted by Hughp | December 1, 2010 at 6:48 AM

    “(See enclosure for more sites)”?

    This is not the viral marketing placement I paid for, dammit!

    - Hugh Pakage, CEO, HeyLadeeboy.com

  12. Posted by ceiling pendant lights | December 1, 2010 at 5:56 PM

    Great! Thank for information, I’m looking for it for a long time,

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