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So an SEC whistleblower contacts the agency, and is assured by the enforcement attorney working on JP Morgan that it's a "confidential" investigation. The attorney then turns around and dimes the guy out to his employers.

Where do the Republicans find these candidates? Do they vet them carefully for moral and ethical problems, and then recruit the ones who don't pass?

More importantly: Why didn't the SEC stand up for whistleblowers by throwing the book at this sleazebag? Maybe the answer lies in the description of Demos as a "politically wired" Republican attorney:

George Demos is a Republican Congressional candidate from Eastern Long Island whose Web site bears the slogan "Fighting for Freedom," and touts his service as an enforcement lawyer in the New York office of the Securities and Exchange Commission. A bio says that he "handled some of the SEC's most significant investigations," including that of Ponzi scheme artist Bernard Madoff, and "worked tirelessly on the cases that never made the headlines."

But one case that never made headlines was his own: Demos' campaign Web site and public statements omit any reference to a report last March of the SEC's Inspector General (IG), which found he had improperly disclosed protected, nonpublic information about a whistleblower to the counsel for that whistleblower's employer, a major Wall Street bank, JPMorgan Chase. The IG's charges of misconduct grew out of an SEC probe that began in 2003 of JPMorgan and other big financial institutions suspected of illegal market practices.

Demos has denied he did anything improper, and his campaign declined to comment on the matter. But documents obtained by the Project On Government Oversight (POGO) -- a non-partisan non-profit based in Washington -- confirm that Demos was the staff attorney who was cited in the IG report for violating SEC rules. The IG referred the case to the agency's management for possible disciplinary action, but the SEC took no action. Soon after that, Demos quietly resigned from his job and launched his bid for a seat in the House of Representatives.

But the confidential information that Demos disclosed was used by a JPMorgan lawyer against one of the bank's own employees, a whistleblower who had alerted the SEC to possible wrongdoing by his employer, according to the report and other documents, some released under the Freedom of Information Act.

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30 Comments

Gave him a dime bag?


Diabolus est Deus Inversus

Kreskin's picture

Hey , he's a natural for the Repug party , I'm sure he'll be a big hit .

MikeinMD's picture

A Cosmo centerfold in his past? If so, he's in.

Disgusting repug fucker. The third reigh called. douchebag.


Bite my shiny metal ass.
http://www.startalkradio.net/

I don't give a toss.

New_Damage's picture

What he did was a fundamental violation of his fiduciary responsibility to the people of the United States.

Republican party: "Why, hello Mr. Demos! You're our kind of people!"

Liberalicious's picture

Yeah, this won't cause ANY confusion with the idiotic voting public and the idiots at Faux News.

carike's picture

English please! What in the world does that mean?

carike's picture

n/t

real_earl's picture

pay phones cost a dime? right? you 'drop a dime' (into the phone) to call the fuzz on one of your 'bros'

http://www.youtube.com/watch?v=AepyGm9Me6w


I'm Boycotting NewsCorp! Heres what not to buy: http://www.cjr.org/resources/index.php?c=news...

Alerta_Alerta's picture

dimous?

:p


Bite my shiny metal ass.
http://www.startalkradio.net/

I don't give a toss.

Different Anonymous's picture
.

he "handled some of the SEC's most significant investigations,"

He sure handled this one. I expect he'll be able to "handle" any other problems Wall Street might have, if elected. Sounds like a shoe-in for Congress.

RickinSF's picture

As in, he "handled" the documents while Xeroxing them?

liars, adulterers, felons. Nice bunch.


“The greatest evildoers are those who don’t remember because they have never given thought to the matter, and, without remembrance, nothing can hold them back,”

ricchase's picture

"Where do the Republicans find these candidates?"

People may be well advised to consider the long term considerations within the republican party. As with the supreme court, federal courts and many other government agencies, the insidious, determined infiltration of "operatives" is established and ongoing. In time, the whole works will be completely out of the hands of democratic process.

Liberalicious's picture

"In time, the whole works will be completely out of the hands of democratic process."

What makes you think it still is?

ricchase's picture

A premature observation, I hope.

Where's the truck? Can't get the votes if you don't drive a truck.


The people of privilege will always risk their complete destruction rather than surrender any material part of their advantage." J.K. Galbraith

ysbaddaden's picture
)O(

Soon we'll have the faux pundits gushing about how moist he makes their panties.


Diabolus est Deus Inversus

Peter G's picture

still have a license to practice law? Talk about violating solicitor client privilege. He violated the privilege of every single one of his employers, the people of the United States.


Hasa Diga Eebowai

ysbaddaden's picture
)O(

Wasn't morgan stanley bailed out?

So he blew the whistle

On someone who blew the whistle

On morgan stanley's shenanigans

That cost tax payers money?

Why do I smell the first corporate party candidate?


Diabolus est Deus Inversus

♫♪Harvey Birdman...Attorney at LAAAAWWW!!♪♫

Actually Demos looks more like:

The Dabba Don

real_earl's picture
..

..


I'm Boycotting NewsCorp! Heres what not to buy: http://www.cjr.org/resources/index.php?c=news...

why in the hell isnt he in jail! at the very least yank his friggin license

ysbaddaden's picture
)O(

I have a sneaking suspicion that one of the first law's he'll help pass, is one like the Texas Cattlemen had, so that one can get sued for libel for bad-mouthing his industry.

"Hey, I didn't get my free toaster for opening a new account!"

"You're under arrest."


Diabolus est Deus Inversus

Biggus Diggus's picture

I love the photo the guy hands out of himself looking so confident and pure. The mark of a vain sociopath.

gwilliam's picture

Him and harold ford. A great one two punch

Just like the other one. Just like the other one. Just like the other one.
republicanism/conservatism is a mental illness!

Bluestocking's picture

A bio says that he "handled some of the SEC's most significant investigations," including that of Ponzi scheme artist Bernard Madoff, and "worked tirelessly on the cases that never made the headlines."

******************************************************************

Let's remember that the pieces of information in a story which have -- perhaps conveniently -- been left out are sometimes the most important ones and make all the difference in the world.

It's been reported that even as far back as 1999, people (such as Harry Markopolos) were contacting the SEC to voice their concerns about what Bernie Madoff was doing -- and the SEC was investigating him even further back than that in 1992. So how is it that Madoff managed to escape getting caught for eighteen years?? There's every reason to believe that if his own sons had not turned him in, Madoff Investment Securities would probably be alive and well today. Even the SEC itself admitted that it had completely dropped the ball, which it acknowledged in the following statement:

"A thorough and competent investigation was never performed."

Note the wording, because it may be important...it does not say that the SEC never investigated Madoff, because they did (and even if they hadn't, they would never have dared admit it publicly). It says that he was never investigated as thoroughly and competently as he should have been. So, here's the $250,000 question (or in Washington terms, more like the $250,000,000 question). To which SEC investigation of Madoff is Demos referring?? If he's referring to any of the investigations which took place prior to December of 2008 when Madoff was arrested, Demos should hardly be boasting about this! (Or is he perhaps simply hoping that the good people of Long Island are too stupid to realize that and/or too apathetic to care?) Madoff pled guilty to securities fraud just over four months after his arrest in March of 2009. Is that really enough time for the SEC to have conducted a thorough investigation...the kind which they should have conducted years ago?? If the Madoff investigation to which Demos is referring took place before 2008, then it suggests that perhaps Demos is nowhere nearly as competent as he presents himself to be.


Never trust anyone who insists that patriotism requires you to blindfold yourself with the flag.

neverbeenfooled's picture

Another Republican sleaze-bag in Congress.

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