Sunday, January 31, 2010

Long Island Congressional Candidate Cited for Giving Up JPMorgan Whistleblower


George Demos (dark hair, third from right) made a lot of friends by tipping off JPMorgan about a whistle-blower who was talking to the SEC. It may safely be assumed that none of the folks in the photo above are very concerned about the integrity of investigations into bank fraud.

Long Island Congressional Candidate Cited for Giving Up JPMorgan Whistleblower
01/28/10
Politics Daily


George Demos is a Republican Congressional candidate from Eastern Long Island whose Web site bears the slogan "Fighting for Freedom," and touts his service as an enforcement lawyer in the New York office of the Securities and Exchange Commission. A bio says that he "handled some of the SEC's most significant investigations," including that of Ponzi scheme artist Bernard Madoff, and "worked tirelessly on the cases that never made the headlines."

But one case that never made headlines was his own: Demos' campaign Web site and public statements omit any reference to a report last March of the SEC's Inspector General (IG), which found he had improperly disclosed protected, nonpublic information about a whistleblower to the counsel for that whistleblower's employer, a major Wall Street bank, JPMorgan Chase. The IG's charges of misconduct grew out of an SEC probe that began in 2003 of JPMorgan and other big financial institutions suspected of illegal market practices.

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