The Securities and Exchange Commission has (finally!) gone and done it. The agency filed charges today against Steve Cohen, the audacious, art-collecting billionaire founder of SAC Capital, a $15 billion Greenwich hedge fund.

The Securities and Exchange Commission has set up a huge new $452 million fund for whistleblowers in the finance industry. As the saying goes: If you see something (or your shady co-workers doing something) say something! You could get paid.

David Ito is an assistant regional director in the SEC's Los Angeles office. He makes around $200,000 a year supervising the commission's L.A. regulators. According to a source, he was looking at porn at work during the economic collapse.

Over the past two years, more than a dozen Securities and Exchange employees and contractors have tried to view pornography on government computers at least 8,273 times. Here's what they were looking at while the global financial system cratered.

Now we know how Bernie Madoff escaped the all-seeing eye of the Securities and Exchange Commission: Like you, agents just look at porn on the computer all day. "It was kind of a distraction per se," one told investigators.