Ultimate Revolving Door Slimeball Here...

[WillyT]

Ex-SEC Official's Pitch To Prospective Client: I Promoted The Guys Who Filed Complaint Against You
Justin Elliott - TPMMuchraker
April 26, 2010, 2:22PM

<snip>



"I am friends with and helped promote two of the guys who signed the Complaint against Mark. Someone should tell Mark to look at my profile on my firm website, my SEC press releases, and advise Mark to add me to his defense team."

Those are the words of former SEC Fort Worth enforcement chief Spencer Barasch, in a 2008 email pitching his services to a person close to Mark Cuban, the billionaire Texas businessman then facing an SEC insider trading complaint, the Dallas Morning News reports.

Now, the revolving door between the Securities and Exchange Commission and private law firms is known to spin pretty regularly. But it's rare that we get evidence in email form of how former SEC officials trade on their relationships with current SECers.

As TPMmuckraker reported last week, Barasch is the former SEC enforcement attorney who quashed several probes of alleged Ponzi schemer Allen Stanford before going on to private practice and doing legal work for Stanford. (Of his most recent attempt to represent Stanford, Barasch told the SEC Inspector General: "Every lawyer in Texas and beyond is going to get rich over this case. Okay? And I hated being on the sidelines.")

<snip>

Link: http://tpmmuckraker.talkingpointsmemo.com/2010/04/report_ex-sec_attorney_pitched_private_client_citi.php#more

:wtf:

:mad:

[izquierdista]

1. This is why we need a 'Cultural Revolution'

Just like China in 1966, the masses need to carry him off in a dunce hat to shovel shit on a pig farm.

[FSogol]

2. Awesome suggestion.

:rofl: