Bharara is the U.S. Attorney for the Southern District of New York, responsible for a series of insider trading convictions that included hedge fund manager Raj Rajaratnam. From the story, written by Massimo Calabresi and Bill Saporito:
One of Bharara's characteristics is his combination of blue-collar, former mob-prosecutor attitude with an unabashed moralist's talk of high standards. In my interview, for example, he said he learned the value of wiretaps as a line prosecutor in Manhattan:
"When you're trying to make a racketeering case that involves charges of extortion, which by definition include threats of violence, and you have a guy saying, like you might see on The Sopranos, 'I'm going to staple your eyeball,' that's pretty good evidence. And you get that all the time." In the same conversation, he talked about the need for high standards among prosecutors. "In this office, we talk every day about doing what is right by the law and by our conscience and try to use the most aggressive technique that is appropriate to the task at hand, within limits of the law," he said.
The U.S. Attorney for the Southern District of New York developed a sense of right and wrong at a very early age. Which is too bad for Raj Rajaratnam and countless others.
By William D. Cohan, contributor
FORTUNE -- When Preet Bharara, the 42-year-old U.S. attorney for the Southern District of New York, was a sophomore at Harvard in 1987, he had a regular gig as a news anchor at the student MOREAug 2, 2011 5:00 AM ET
The government has been accused of using a big insider trading case to mask the fact that it's too weak to take on firms involved in the financial crisis. But today's action against Deutsche Bank shows that US Attorney isn't afraid of Wall Street.
FORTUNE -- Ever since the Raj Rajaratnam trial began, many have wondered why the government is cracking down on insider trading when the public thinks that there MOREKatie Benner - May 3, 2011 12:49 PM ET
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