Come on SEC give it a rest. Yes the organization that was in charge to save us from all the tomfoolery, chicanery, assclownishness, etc has put its line in the sand. Oh no, they didnt "bust" another Madoff by having Madoff turn himself in. Oh no this is much better.
You remember this Government vs Ralph Cioffi and Matt Tannin case we've kind of covered here? You know the one where we laughed at from the beginning? The one where my DA pal called me while he was deciding to take the case as the lead prosecutor and I told him "YOU WILL BE THE LAUGHINGSTOCK of THE WORLD" if you take it, because you will lose? You remember the one where after the month long trial, the jury went and had lunch ordered in from Big Wong (thats a real restaurant in Chinatown. And good.) and then finished lunch and promptly said "INNOCENT!" on all counts for Cioffi and Tannin? And to top it off, one of the jurors said not only were these guys innocent but she'd like to INVEST in whatever they are doin?!?!! Well thats called a shutout for the defense. And to quote the great Archie Bunker, "our taxpayer dollars went down the terlet!"
Well apparently that wasnt enough money wasted because the SEC wants to continue the civil trial against these 2 gents. Maybe they are reading this blog on a daily basis and thought it was the O.J. trial after I coined the phrase, "if a juror wants to INVEST in it, you must ACQUIT!" Because remember O.J. was found innocent by a jury of his peers but found guilty of civil charges at a later date.
I think the defendants lawyers were shocked yesterday when they went to go get the case thrown away by the SEC and were told a stern, "NO." From the looks of it, the only guys making out on this are.......the defendants lawyers. Funny how that works out right? We as taxpayers take it in the tookus (technical term) again. Heads should roll at the SEC. Or they should call me and I can tell them what to do with "our" civil suit. Let it go SEC. Let it go.
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