Thursday, November 15, 2012

SEC sued by alleged gun-toting ex-investigator


David Weber, a former U.S. Securities and Exchange Commission internal investigator allegedly fired for allegedly carrying an alleged firearm while on alleged duty, sued the agency for wrongful termination.  Weber, who was chief investigator in the SEC’s inspector general’s office, is asking for $40 million in damages. His suit, filed yesterday in federal court in Washington, argues that he was terminated as part of a campaign to “cover up” and “whitewash” disclosures of wrongdoing he was investigating.

Weber was placed on paid leave by the SEC in May, shortly after he raised allegations that ex-inspector general H. David Kotz may have had personal relationships that tainted probes on the SEC’s handling of the Bernard Madoff and R. Allen Stanford Ponzi schemes. Weber was fired on Oct. 31.

The lawsuit called the gun allegations “baseless” and said he kept a legally registered firearm in his car….allegedly speaking of course....

More?  Check out http://www.bloomberg.com/news/2012-11-16/sec-sued-mf-global-jpmorgan-suspended-compliance.html

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