Let me first state that it seems a lot of folks thought I wrote the prior post. I didn't. I like what it said, but I didn't write it. It was – – as the title plainly states – – from a Slope reader.
Anyway.
I've been in touch with a gentleman who has a pretty amazing story. I'm not sure if I'll lay it all out. But here's a small taste:
The SEC had 25
lawyers, countless investigators, accountants, 90 depositions, hundreds of
thousands of subpoenaed documents, and 5 layers of management assigned to my
case from the Philadelphia, New York, and San Francisco offices prosecuting
this for eight years and three countries. I went to trial in Federal
Court in 2005 and the judge dismissed the case without requiring me to place a
defense. A first for the SEC I believe.
I then sued the SEC and they settled. No one outside the SEC and I know
how massive and obscene this was as I never told my story. As the SEC
paid me, I just shut up; but maybe I shouldn't have.
The reason I'm telling you this is that I believe that one important reason the
SEC failed so badly with Madoff et. al. was that they were busy chasing me.
Maybe I should write another book?
