Futile Work
  • Home
  • News
    • Articles Of Interest
    • Numbers In The News
    • Life and Humanity
    • Quotes
    • Futile Updates
  • Curio
    • The Wonder of Lasers
    • Japan 2011 Psyop
    • Know Your Rights
    • Masonic Symbols and the LDS Temple
    • The Nun's Story
    • Special Edition
    • Explosion On The Launch Pad
  • Archive
    • Dave McGowan
    • Document Archive
    • Multi Media
    • Time For A Laugh
  • Blog

Articles Of Interest

SEC and Pornography: Workers Spent Hours on Porn Sites Instead of Stopping Fraud

4/22/2010

 
By JONATHAN KARL (@jonkarl)April 22, 2010On a day when President Obama argued for more government regulation over the financial industry, a new government report reveals that some high-level regulators have spent more time looking at porn than policing Wall Street.

The Securities and Exchange Commission is supposed to be the sheriff of the financial industry, looking for financial crimes like Bernard Madoff's Ponzi scheme. But the new report, obtained by ABC News, says senior employees of the SEC spent hours on the commission's computers looking at sites like naughty.com, skankwire, youporn, and others.

The investigation, which was conducted by the SEC's internal watchdog at the request of Sen. Chuck Grassley, R-Iowa, found 31 serious offenders over the past two and a half years. Seventeen of the offenders were senior SEC officers with salaries ranging from $100,000 to $222,000 per year.

Eight Hours a Day Spent on Porn Sites

One senior attorney at SEC headquarters in Washington spent up to eight hours a day accessing Internet porn. When he filled all the space on his government computer with pornographic images, he downloaded more to CDs and DVDs that accumulated in boxes in his offices.

An SEC accountant attempted to access porn websites 1,800 times in a two-week period and had 600 pornographic images on her computer hard drive.

Another SEC accountant attempted to access porn sites 16,000 times in a single month.

In one case, the report said, an employee tried hundreds of times to access pornographic sites and was denied access. When he used a flash drive, he successfully bypassed the filter to visit a "significant number" of porn sites.

The employee also said he deliberately disabled a filter in Google to access inappropriate sites. After management informed him that he would lose his job, the employee resigned.

A similar SEC report for October 2008 to March 2009 said that a regional supervisor in Los Angeles accessed and attempted to access pornographic and sexually explicit Web sites up to twice a day from his SEC computer during work hours.

Porn Problem Began as Economy Collapsed

Ironically, the report says most of these cases began in 2008, just as the financial system began to collapse. The same SEC officers who should have been safeguarding the economy were instead spending their working hours surfing the Internet for pornography, and the problem hasn't stopped.

The most recent case cited in the report is from just four weeks ago.

ABC's Ki Mae Heussner contributed to this report.


jump to top | return to articles home

Comments are closed.
    Articles Home

    RSS Feed

    Archives

    October 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    August 2017
    July 2017
    April 2017
    March 2017
    December 2016
    October 2016
    September 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    December 2015
    October 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013
    March 2013
    February 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    May 2012
    December 2011
    November 2011
    October 2011
    September 2011
    July 2011
    May 2010
    April 2010
    May 2006
    December 2004
    October 2003
    June 2002
    September 2001
    February 2001
    February 1998

New Here?

Updates
About

Miscellany

​Contact
Disclaimer

Search

  • Home
  • News
    • Articles Of Interest
    • Numbers In The News
    • Life and Humanity
    • Quotes
    • Futile Updates
  • Curio
    • The Wonder of Lasers
    • Japan 2011 Psyop
    • Know Your Rights
    • Masonic Symbols and the LDS Temple
    • The Nun's Story
    • Special Edition
    • Explosion On The Launch Pad
  • Archive
    • Dave McGowan
    • Document Archive
    • Multi Media
    • Time For A Laugh
  • Blog