Linette Lopez | Nov. 20, 2012, 1:23 PM |
Last week, David Weber, a former chief inspector general for the SEC, filed a lawsuit against former employer.
He alleges that several individuals in the SEC retaliated against him for blowing the whistle on sex and corruption at the agency (h/t Rolling Stone).
To begin, Weber says that two of his bosses at the Inspector General’s office, former Inspector General David Kotz and his successor Noelle Maloney were sleeping together.
Kotz resigned from the SEC in January of this year.
Weber told Congress and SEC Commissioners that this, and other forms of misconduct on the part of Kotz, compromised high-profile SEC investigations into people like convicted Ponzi schemers Bernie Madoff and Allen Stanford.