Employees Caught With Browsers Down Paid A Fortune


Remember those employees over at US market regulator The Securities and Exchange Commission (SEC) who were investigated for downloading porn on their work computers ?

Yes, there were 33 of them, and The Telegraph reports that 17 are said to have been earning between $99,356 and $222,000-a-year. One is said to have admitted to spending up to 8 hours a day surfing adult sites.

Well, according to Denver attorney Kevin Evans, not one of the 33 were fired (they were apparently all 'counselled and disciplined').

Evans is appalled. He told Denverchannel.com: 'The message (the SEC)....is sending is, if you are caught, you get a slap on the wrist....We're talking about some of these folks making in excess of $222,000-a-year and spending quite a lot of time...searching porn.

'Now look, I'm no prude. I really don't care what these people do on their own time, but, as a taxpayer....sitting there (during work time) pleasuring themselves, that really upsets me'.

In the meantime, The New York Times reports that US prosecutors have asked a federal judge to impose a prison term of up to 10 years on Sergey Aleynikov, the IT programmer found guilty of stealing one of Goldman's prop trading codes. He will be sentenced Thursday.

Prosecutors wrote in a sentencing memorandum: 'At bottom, Aleynikov was simply a thief motivated by greed, someone who sought to benefit from the valuable intellectual property of his employer to make money for himself and his (new) company'.

Finally, The Wall Street Journal has reported that the US government's investigation into the collapse of Lehman Brothers now looks increasingly unlikely to lead to criminal charges being filed against any of those blamed over the affair, including former CEO Richard Fuld.

Although the investigation is ongoing, the SEC is said to remain unconvinced that it could secure a conviction of wrongdoing, rather than just plain old incompetence.

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