'Sex and corruption rampant in US Securities and Exchange Commission'

Last Updated: Tue, Nov 20, 2012 08:20 hrs

America's top financial police agency, the Securities and Exchange Commission (SEC) is the latest organization to be slapped with 'lurid' sex-and-corruption lawsuit.

In a salacious 77-page complaint, David Weber, a former chief investigator for the SEC Inspector General's office, accuses the SEC of retaliating against Weber for coming forward as a whistleblower.

According to this lawsuit, Weber was made a target of intramural intrigues at the agency, which has a history of such retaliation, after he came forward with concerns that his bosses may have been involved in illicit and explicit activities in the SEC.

Weber claims that in recent years, two of the IG office's senior officials, former Inspector General David Kotz and his successor, Noelle Maloney, were sleeping together, according to a blog in the Rolling Stone.

According to the report, he also claims that Kotz was also having an affair with a lawyer representing a key group of Stanford victims, a Dr. Gaytri Kachroo.

The Weber lawsuit is the latest chapter in an ongoing drama that began when Kotz stepped down last January amid not-world-shaking ethics questions, the report said.

Subsequently, however, an investigation by the U.S. Postal Service Inspector General David Williams concluded more seriously that Kotz violated rules by overseeing investigations involving people with whom he had "personal relationships," the report added.

Weber was apparently fired after he began to uncover the depth of dysfunction at the SEC. (ANI)

More from Sify: