In the past, we’ve had Watergate, Trooper gate, Iran gate and now, we’re having porn gate. During the past 2 ½ to five years, male and female lawyers and senior level employees at the Securities and Exchange Commission (“SEC”) have been using their work time to surf the Internet for pornographic web sites. Some have spent up to 8 hours a day on the pornographic web sites. Isn’t that the entire work day? Others who are blocked from using the sites use their ingenuity to work around the problem to access the sex sites. Too bad the same type of ingenuity did not help to investigate investment firms from defrauding the public.
As the American economy flushed down the toilet, some SEC high level employees watched porn sites. It seems that everyone from Bernie Madoff, banks, investment firms and now some lawyers at the SEC are having fun with our money. Are any of us having fun yet? Now we know why the SEC couldn’t uncover the Madoff scandal and other investment firm meltdowns.
The SEC says it is already dealing with the situation with resignations, reprimands and other forms of punishment. Given the SEC’s track record in dealing with our financial issues, the public should demand to know the outcome of these 20 plus employees. Yes, there are legalities that must be followed in employment issues, but the harshest punishment should be given for these intolerable situations. The harshest punishment has already been given to the American public.