Arik Hesseldahl

Recent Posts by Arik Hesseldahl

SEC Wasted $1 Million on Data Storage, Report Finds

The Securities and Exchange Commission wasted $1 million on virtual data storage it bought in 2008, the agency’s internal watchdog said, as part of an investigation into the agency’s procurement practices, Reuters reported. The investigation was into the agency’s purchase of storage gear from Apple and then later a firm called Cloverleaf Systems that was done through a no-bid contact.


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