Friday, June 10, 2011

The SEC: Where Fun Goes To Die

The United States Securities and Exchange Commission, whose employees were exposed for watching and downloading pornography at their desks during the financial crisis, is now clamping down on all fun and games. The Commission sued two advertising executives who started the website "," hoping to raise $300 million to buy Pabst Brewing Co. The putative beer barons also created a Facebook page and Twitter feed to attract would be investors, promising them "a certificate of ownership as well as beer of a value equal to the amount invested," according to the SEC press release. The two men consented to the entry of an administrative cease and desist order, for the moment ending their dream of owning a brewery.

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