Thursday, November 20, 2014

SEC Destroyed Thousands of Documents Linked to Wall Street Probes Under Bush and Obama

August 19, 2011 by  
Filed under News, Politics


Whistleblower Darcy Flynn, a former Securities and Exchange Commission attorney, is accusing the SEC of destroying thousands of documents related to potential violations by the nation’s largest banks and hedge funds. Republican Sen. Chuck Grassley of Iowa said Wednesday that the whistleblower sent him a letter detailing the unlawful destruction of records and detailing more than 9,000 information investigations.

Flynn, who worked at the SEC for 13 years, amassed incendiary documents shedding light on alleged nefarious dealings among Goldman Sachs, AIG, and the Bernard Madoff Ponzi scheme pertaining to the financial crisis. Grassley said in an official statement, “It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence.” But with reports of a secret GOP operative working inside Congress for Darrell Issa surfacing, the prospect of a government agency destroying evidence becomes increasingly believable with each passing day.

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