Cover-Up - Hardcover

Inhaltsangabe

When a new large Ponzi scheme exploded on the scene in late 2009, Mark Connolly was looking forward to leaving his government position as a securities regulator. He received some alarming phone calls. The state bank commissioner had some disturbing news and wanted Connolly's involvemnet in his agency's looming problem. Those puzzling conversations were the first of many in which Connolly began realizing incompetent dealings had been taking place in New Hampshire state government regarding a failed mortgage company, located in Meredith, New Hampshire. Cover-Up is a story that blows the whistle on the behind the scenes manueverings to manage the state's political damage and assign blame about the government's regulatory failures concerning the failed mortgage company. His story reveals an inexcusable lack of oversight in financial regulation not only in New Hampshire but in the nation at large. Connolly takes the reader through an incredible journey, and he tells the story as it unfolded before his eyes. During his various attempts to alert state officials to regulatory shortcomings in the state, Connolly was met with resistance and even hostility. It became clear the securities bureau he headed was being set up to take the fall for a scheme that had taken place outside its jurisdiction. Cover-Up offers a unique and startling behind-the-scenes account of deception as only an insider could describe. As the director of the New Hampshire Bureau of Securities Regulation, Connolly had a national reputation as an investor advocate. The small New Hampshire bureau had already taken on tough fraud cases and won. But the bureau had never taken on the government before. Connolly reveals why the state's largest Ponzi scheme went on for too long. It was due to government incompetance, personal greed, political influence, and inadequate regulatory laws.

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