And I thought that financial fraud was porn.

But apparently I was mistaken:  see here.

Ah, so many jokes, so little time.  Let's start with:

I guess that the SEC didn't know financial fraud when it saw it.*  But porn, on the other hand, was obviously easy to identify....

Just amazing.


* Cf. Jacobellis v. Ohio, 378 U.S. 184, 197 (1964) (Stewart, J., concurring) ("I shall not today attempt further to define the kinds of material I understand to be embraced within that shorthand description] [of pornography; and perhaps I could never succeed in intelligibly doing so. But I know it when I see it.").