2011-08-18 — businessinsider.com
The allegations come from SEC attorney Darcy Flynn, who is a 13-year veteran with the agency. According to the report, Flynn claims the SEC has been destroying records relating to the investigations of financial criminals since 1993.
Some of the records that were allegedly destroyed involve Goldman Sachs, Bank of America, Wells Fargo, Lehman Brothers, Deutsche Bank, SAC Capital and Madoff.
An interesting question is whether the Madoff records are from the early 90s, when it seems Madoff could have been caught (because a connected firm collapsed) but the investigation was kiboshed because Madoff was so powerful (the linked article doesn't say how a junior investigator had labeled Madoff a "suspected Ponzi", but was told not to investigate further).
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