General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsC'mon, False Statements In SEC Filings Are Not A Big Deal...
...They are just a technicality. And, if they are for a private investment company, rather than a publicly traded company, who is harmed? No one really relies on them. So what if Romney actually signed the SEC filings after 1999?
Signed,
Bernie Madoff
http://www.sec.gov/news/press/2012/2012-126.htm
The SEC alleges that Peter Madoff, who served as Chief Compliance Officer and Senior Managing Director at Bernard L. Madoff Investment Securities LLC (BMIS) from 1969 to December 2008, created stacks of compliance documents setting out supposedly robust policies and procedures over BMISs investment advisory operations. However, Peter Madoff created these compliance manuals, written supervisory procedures, reports of annual compliance reviews, and compliance certifications to merely paper the file. No policies and procedures were ever implemented, and none of the reviews were actually performed even though Peter Madoff represented that he personally completed the reviews.
malaise
(269,049 posts)DirkGently
(12,151 posts)It isn't illegal when the 1% does it!
Curtland1015
(4,404 posts)Steal $500 MILLION, get a bonus.
Octafish
(55,745 posts)...before it tanked and ended up buying (a sliver) of the Texas Rangers with it.
Of course, once the SEC found out, Poppy hepped.
99Forever
(14,524 posts)... there were a few hundred more 1%ers behind bars, where the criminal bastards SHOULD BE, I might join in your laughter. As it is, odds are good that ripping We the People off, not only won't get you arrested or prosecuted, it'll get you MULTI-MILLION$ in bonuses.
But that just my way of seeing things.
aint_no_life_nowhere
(21,925 posts)That was the essential message yesterday over the course of five network interviews.