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One of the employees resigned and two were suspended when they were confronted with the evidence last year. I had a feeling the IG's full report would make for pretty good reading. I wasn’t wrong. After filing a #FOIA request for a copy of it, the report landed in my inbox this week
In addition to reviewing the employees’ timecard records, investigators inspected documentation from a company that handles tee-time reservations, and even conducted surveillance at the golf course.
One of the SEC employees was interviewed by the IG and asked, “you think that, being responsive - you’re golfing, and then you can just answer your phone on the course, and that means you’re working [?]” “Well, yeah,” he responded.
The investigation started started after the SEC's Office of the General Counsel received an anonymous tip from a person who overheard a conversation at a Maryland golf course where a few golfers discussed “Sec life.”
Congratulations to @emma.best and @ddosecrets.org for continuing to do the crucial work in the public interest! @bloomberg.com's award-winning Zombie Debt series would not have come together without Emma and DDoS contributions 🎁 www.bloomberg.com/graphics/202...
NEW FOIA Files newsletter is out! SEC report I obtained via #FOIA: ‘Golf is Great on the Taxpayer’s Dime’ www.bloomberg.com/news/newslet...
One of the golfers remarked that, “golf is great on the taxpayer’s dime,” according to the report, which was dated Dec. 22, 2025.
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In March, the SEC’s Office of Inspector General announced it wrapped up an investigation that found a few SEC employees were living their best lives on the green, playing 18 holes at a public golf course when they said they were working from home.
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Bloomberg News obtained a trove of internal records from one debt collector that reveals how the industry uses large bills and threats of foreclosure to blindside homeowners across the US.
www.bloomberg.com
How Debt Collectors Spin Riches from Zombie Loans