Subject: File No. JOBS Act Title I
From: Tom Heau

June 29, 2012

i believe the JOBS act to be fundamentally a bad idea. it could be called the "create more bernie madoffs (ken lay, jeff skilling, bernie evers, ivan boesky...etc.) act". in an effort to grow the economy, we will encourage more fraud. just as long as long as it is "small fraud" it is ok i guess. the definition of "small" seems pretty darned big though.