SEC Accused of Data Destruction

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A former SEC employee, Darcy Flynn, has accused the SEC of destroying thousands of data files on high profile inquiries including an early-stage investigation into convicted Ponzi scheme fraudster Bernard Madoff. While the administration, DOJ and Congress continue to turn a blind eye to the SEC’s alleged unlawful record keeping, not to mention a blind eye to the widespread fraud committed by banks, the Senate Judiciary Committee has “demanded an immediate explanation” from SEC Chairwoman Mary Schapiro. The SEC has insisted it did nothing wrong.

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