So Pequot's attorneys met with the SEC Director of Enforcement. The result? The case would be -- first "narrowed" -- then Mack's testimony was delayed. The statute of limitations for Mack eventually ran out, and Mr. Aguirre complained about Mack's "political clout." Big mistake. Because he was promptly fired. Bob speaks with Gary Aguirre about his experience at the SEC.
Bob asks why records of preliminary investigations were simply destroyed at the SEC, as a matter of practice. Was it to protect the big names on Wall Street? Bob talks with Mr. Aguirre about one of his current whistleblowing clients, Darcy Flynn. Mr. Flynn was helping to manage the SEC's records and found that the practice of destroying investigatory files at the SEC had been going on since 1993. He alerted the authorities at the National Archives, and then the whitewash began.
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