Darcy Flynn, the Securities and Exchange Commission lawyer who has accused the SEC of improperly destroying thousands of highly sensitive documents, is a serial whistleblower who received an award of $2.7 million after alleging that Blue Cross and Blue Shield. He alleged that Blue cross cheated Medicare by submitting false records in connection with audits of Medicare payments to hospitals. Blue Cross settled that case in 1995 and paid the government $27.6 million and Mr. Flynn and his lawyer split 20% of that amount or about $5.5 million. He now says that the SEC destroyed thousands of enforcement related documents and misled government officials when confronted. He sasys that destruction of the records has hurt the SEC’s ability to connect the dots between suspected frauds and also curtailed the SEC’s control over influence peddling by lawyers who left the SEC and went on to represent banks, hedge funds and other firms the SEC regulates. An investigation on this is ongoing.