A Troubled Double Life

An SEC official steps down

The chief of enforcement at the Securities and Exchange Commission seemed the very pillar of rectitude. Hardworking and scrupulous, John M. Fedders, 43, had a reputation as a vigorous prosecutor of disclosure fraud and insider trading. A former partner in the Washington law firm of Arnold & Porter, he was the father of five sons, a member of the high-toned Congressional Country Club and a churchgoing Catholic who idolized General George Patton. In fact, unknown to almost everyone, Fedders was leading a Jekyll and Hyde double life.

Last week the dark side of that life was revealed by the Wall Street...

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