NY Committee on Professional Standards: Make Public The "Investigation" of George Demos
  • Petitioned William J. Keniry

This petition was delivered to:

NY Committee on Professional Standards
William J. Keniry

NY Committee on Professional Standards: Make Public The "Investigation" of George Demos

    1. Petition by

      Peter Sivere

      Mamaroneck, NY

If you ever wonder how Madoff pulled off his scheme without the SEC picking it up, all you have to do is look at how the SEC operates. Hopefully, the SEC is working on changing their culture, but they have a long way to go, and our court system isn’t much better.

The following story gives a glimpse at the stealth under which the SEC and the courts operate, to say nothing of their loose ethics. Someone has to be held accountable, but it’s the government, so I guess no one will be.

The story begins with a sketchy relationship between D.C. and the SEC coming to light and, smack in the middle of it, is an enforcement lawyer who wants to run for Congress. The enforcement lawyer is investigating a corporation, interviews a whistle blower during the course of the investigation, and then provides the corporation he’s investigating with the whistleblower’s name.

As if that’s enough, the enforcement lawyer then posts the whistleblower’s name on his campaign site, further invading the whistleblower’s privacy and future job prospects.

The enforcement lawyer is not a bit sorry and there has been no justice in this case.

You can’t make this stuff up.

Specifically, a JP Morgan Chase compliance officer came across possible wrongdoing by Chase and informed the SEC. One of the SEC enforcement lawyers interviewed this whistleblower, who was assured that the information would be kept confidential.

The SEC enforcement lawyer then gave the whistleblower’s name to Chase, the subject of the investigation and the whistleblower’s employer, who then fired him.

The SEC’s Inspector General found that the enforcement lawyer improperly disclosed protected, nonpublic information about a whistleblower to the counsel for that whistleblower’s employer. It was in clear violation of their ethical standards, which are apparently not to be taken too seriously since the SEC chose not to act and the enforcement lawyer resigned soon after.

That should not be surprising. The SEC only recently acted on the fate of the people involved in the Madoff fiasco, with only one being fired.

The compliance officer then filed a complaint with the Tenth Judicial which dismissed the complaint without releasing any information as to how they came to this conclusion,which is especially concerning since the available evidence points to a different conclusion.

http://pogoarchives.org/m/fo/sec-oig-report-20090330.pdf

The compliance officer did not give up on his case and filed subsequent complaints, with all coming to the same conclusion and all claiming they cannot release any details of their discussions or investigations, if there were investigations.

Their claim that they cannot release the documents for public scrutiny is disingenuous when one considers the fact that the enforcement lawyer released the compliance officer’s name on a campaign site in violation of Judiciary Law 90(10).

https://sites.google.com/site/williamkenirycoverup/home

In 1985, when Roy Cohn was recommended for disbarment, the records of disciplinary hearings were unsealed because the confidentiality of the proceedings were compromised when Cohn discussed the proceedings in an interview with The New York Times published July 11. The same principle should apply in this case since the enforcement lawyer compromised the confidentiality when he posted the compliance officer’s name and information about the case.

I didn’t begin this article with the subjects names because it is important to look at the twisted process which is so symptomatic of our system. It’s unfair and it’s time to break up this exclusive club of stealthy operatives.

The enforcement lawyer is George Demos who hopes to become the Congressman from CD-1 on Long Island. If he’s innocent and ethical as he claims, he can prove it by releasing the records.

Did the courts even investigate during the judicial review or did they all have a brief chat over drinks at a swank bar? How would we know?

http://www.politicsdaily.com/2010/01/28/long-island-congressional-candidate-cited-for-giving-up-jpmorgan/

 

 

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    Reasons for signing

    • David Travis CENTENNIAL, CO
      • about 2 years ago

      George Demos is SCUM. He should be stoned and his house vandalized for what his illegal actions caused a good man. Of course what better place for this lying pig than elected office. He needs to be punished both physically and otherwise. His family should feel every kind of pain imaginable. Knock them down, piss on them in public. It is time that government employees fear for the actions they take to screw the public they are suppose to serve!

      REPORT THIS COMMENT:
    • David Travis CENTENNIAL, CO
      • about 2 years ago

      Because Demos is scum that screwed the public who paid his salary. He and his family and need to feel pain for his actions. Yet he actually looks to screw the taxpayer even more by running for office. Do not vote for this scum. Punish him and his family for what he has done in every possible manner. Time to make government employees that screw the public pay for their actions. Start with Demos and his family

      REPORT THIS COMMENT:
    • cynthia escobar SAINT CHARLES, MO
      • over 2 years ago

      I want to see people on wall street pay for their crimes. I want the SEC to stand up and do their job at long last!

      REPORT THIS COMMENT:
    • Randy Altschuler SMITHTOWN, NY
      • over 2 years ago

      George Demos is such a mean guy! Challenging me for Congress like this... How dare he! Thanks Peter -- and don't worry, I'm sure I can find you a job in my factory in Chennai India (we don't run background checks or drug test so you should be fine).

      REPORT THIS COMMENT:
    • Randy Altschuler SMITHTOWN, NY
      • over 2 years ago

      George Demos is such a mean guy! Challenging me for Congress like this... How dare he! Thanks Peter -- and don't worry, I'm sure I can find you a job in my factory in Chennai India (we don't run background checks or drug test so you should be fine).

      REPORT THIS COMMENT:

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