Saturday, December 20, 2014

Origen of Corrupt SEC H.David Kotz,Sean McKessy whistleblower Pequot hedge fund E. Zilkha,Microsoft employee,wife. Karen Kaiser

 Origen of CorruptSEC H.David Kotz,Sean McKessy whistleblower Microsoft employee E. Zilkha. Karen Kaiser

One only wonders if E. Zilkha's former wife Karen Kaiser had 'insider' information on ex H.David Kotz the
 SEC's corrupt ex IG and sex pervert who liedin collusion with his corrupt crime boss ex SEC Chairman Christopher Cox  about myriad stocks being 'naked shorted' ,a tem used originally by Agora Inc and NTU founder James Dale Davidson to distract from illegal pump and dump penny stocks from 2002 ononward and later by Cox and Kotz to 'explain' why all those huge banking  financial and mortgage stocks collapsed in 2008.In doinfg so Cox and Kotz conspired in the largest stock fraud shorting operation in stock market history that totally dwarfs anything Bernie Madoff or and other stock market looter or looters ever did in the history of U.S.satock markets and sents unimaginable billions of dollars to offshore acxcounts of their real 'clients' who were and are certainly nott the common investors they were sworn to protect !Sean McKessy is knowingly covering up for them to this day.

  • Did SEC Porn Stars IG David Kotz, Noelle Maloney Cover ...
    Dec 10, 2013 - Inspector General David Kotz Really Inconveniencing SEC Staffers' ... HDavid Kotz who much reminds me of the scumbag Anthony Weiner ...
  • Previous 10 - Anthony @ Equity Investigations, Dear ...
    Jun 6, 2011 - 10 posts - ‎2 authors
    By David Voreacos - Jun 6, 2011 12:00 AM GMT-0400 ..... That is the focus, as well of Inspector General of the SEC, H. David Kotz, who appears in the film .... Anthony Weiner shot off to sexy Vegas blackjack dealer Lisa Weiss ...

    1. SEC Drops Retaliation Suit with $580K Payment to ...

      Government Executive
      Jun 10, 2013 - “The SEC's job is to protect Wall Street whistleblowers and ... “flirtatious” behavior by former SEC Inspector General H. David Kotz while probing ...

    1. SEC Rocked By Lurid Sex-and-Corruption Lawsuit | Rolling ...

      Rolling Stone
      Nov 19, 2012 - In a 77-age complaint, the former chief investigator for the SEC Inspector ... office accuses the SEC of retaliating against him for coming forward as awhistleblower ... Maloney then said that, "David [Kotz] was fucking that lady .
    Move over, adulterous generals. It might be time to make way for a new sexual rats'nest – at America's top financial police agency, the SEC.
    In a salacious 77-page complaint that reads like Penthouse Forum meets The Insider meets the Keystone Kops, one David Weber, the former chief investigator for the SEC Inspector General's office, accuses the SEC of retaliating against Weber for coming forward as a whistleblower. According to this lawsuit, Weber was made a target of intramural intrigues at the agency (which has a history of such retaliation) after he came forward with concerns that his bosses may have been spending more time copulating than they were investigating the SEC.

    Read more:
    Follow us: @rollingstone on Twitter | RollingStone on Facebook

    1. SEC Warns In-House Attys Against Whistleblower Contracts ...

      Mar 14, 2014 - At remarks before the Georgetown University Law Center Corporate Counsel Institute, the SEC's whistleblower chief, Sean McKessy, said he ...

  • SEC Inspector General H. David Kotz to Leave Commission › Newsroom

    U.S. Securities and Exchange Commission
    Jan 17, 2012 - SEC Inspector General H. David Kotz to Leave Commission ... fraud investigations as well as assisting whistleblowers in exposing fraud and ...
  • Sex, Lies, Stupidity, Oh My: SEC Whistleblower David ...

    Jun 10, 2013 - Mr. Weber joined the SEC early this year as the Assistant Inspector General after the seemingly abrupt departure of then IG David Kotz.
  • SEC now freer to hike whistleblower awards › Business
    The Washington Post
    Jul 27, 2010 - The SEC's whistleblower system, until recently, had been ... agency or externally to the public," SEC Inspector General H. David Kotz wrote in a ...


    SEC now freer to hike whistleblower awards

    By Zachary A. Goldfarb
    Washington Post Staff Writer
    Tuesday, July 27, 2010
    With powerful senators watching closely, federal investigators search high and low for evidence of insider trading in shares of Microsoft. One of Wall Street's best-known hedge fund managers is targeted, but the feds can't find proof. Years pass, and they close the case without filing charges.
    Then a nasty, and apparently unrelated, divorce and child-custody battle ensues in Connecticut. A woman discovers on a family hard drive evidence that potentially implicates her ex-husband and the hedge fund in the insider trading scandal. She turns it over to investigators, who use it to shut down the fund and assess tens of millions of dollars in penalties. And then they pay $1 million to the woman for ratting on her ex.
    It sounds like a tale spun in Hollywood, but it's the real-life story behind a recent Securities and Exchange Commission case, which could hint at the course of future investigations as the agency capitalizes on brand-new powers to financially reward whistleblowers.

    On Friday, the SEC said it would pay $1 million to Karen and Glen Kaiser of Southbury, Conn., who provided information and documents that helpedthe SEC build its case against Arthur J. Samberg, founder of the hedge fund Pequot Capital Management, and David E. Zilkha, a former Microsoft employee. Karen Kaiser was once married to Zilkha.
    It is the largest amount ever awarded by the SEC under a former authority to reward whistleblowers in insider-trading cases. But the size of the award underscores how the SEC plans to use an expanded power to reward people who provide help that can stop securities fraud.
    The financial regulatory law signed by President Obama last week grants the SEC the authority to pay up to 30 percent of any monetary sanction to a whistleblower -- even if the whistleblower took part in misconduct. Although the previous law limited payments to insider-trading cases, money can now be doled out for information on any securities law violation.
    The SEC's whistleblower system, until recently, had been considered ineffective. Onlyfive people received whistleblower payments before the Kaisers. The biggest payment was $55,220, the lowest $3,500.
    Harry Markopolos, the whistleblower who tried to persuade the SEC that Bernard Madoff was running a Ponzi scheme, blasted the agency's program last year. "If my experience is any guide, the treatment accorded whistleblowers ranges from dismissive to outright unwelcome," he told a Congress.
    The agency's internal watchdog has been equally critical. "We believe that the minimal use of the SEC bounty program can be attributed primarily to the fact that the program has not been widely publicized, internally within the agency or externally to the public," SEC Inspector General H. David Kotz wrote in a report this year.Even before passage of the new law, SEC officials said they were working to improve the agency's whistleblower procedures, building a database to consolidate complaints and creating a new whistleblower office.
    In the recent case, the SEC charged that Pequot, Samberg and Zilkha engaged in insider trading in shares of Microsoft. The agency alleged that, in 2001, Samberg reached out to Zilkha for information on whether the company would meet its earnings estimates. Zilkha, then working for Microsoft, checked by e-mail with fellow employees to find out whether Microsoft would meet or beat its estimates.
    Zilkha then gave Samberg the information, the SEC said, and Samberg traded, earning Pequot more than $14 million. Zilkha later joined Pequot for a short time, earning millions of dollars.
    The e-mail from Zilkha to a colleague at Microsoft was the crucial document Kaiser turned over to the SEC. "We initially got involved to figure out why David Zilkha seemed so reluctant to tell Karen about this $2.1 million payment from Pequot," said Mark Sherman, the Kaisers' attorney. "Once we analyzed the family hard drive, we were able to help the SEC connect the dots in their investigation."
    In May, Pequot and Samberg agreed to settle the charge for $28 million, including a $10 million penalty, the basis for the whistleblower payment. The case against Zilkha continues in administrative court.
    "Mr. Zilkha engaged in no wrongdoing and intends to take this matter to a hearing at which he will demonstrate he is innocent of any improper conduct," said Henry Putzel III, Zilkha's attorney.
    Pequot and Samberg didn't admit or deny wrongdoing in the settlement. A spokesman declined to comment.

    No comments:

    Post a Comment