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.
Insider trading charges against the former Goldman Sachs board member and McKinsey managing director will put the spotlight on the reputations of the two storied firms. But McKinsey -- and its clients -- have already moved on.
FORTUNE -- The perp walks continue. This morning, 62-year old Rajat Gupta, the former managing director of consulting powerhouse McKinsey & Company, turned himself into the FBI to face insider trading charges. Specifically, the MOREDuff McDonald, Contributing Editor - Oct 26, 2011 11:27 AM ET
Hedge fund manager Raj Rajaratnam gets 11 years for insider trading
Judge Richard Holwell today sent a major rebuke to those who think insider trading is a minor crime, or that it shouldn't be a crime at all. The federal jurist sentenced former hedge fund manager Raj Rajaratnam to more than 11 years in prison, which represents the longest sentence ever handed out for insider trading in the United States.
Rajaratnam had been convicted MOREDan Primack - Oct 13, 2011 11:29 AM ET
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
But do investigators have the juice to snag the man that they have been circling for years?
FORTUNE -- With a massive victory against hedge fund titan Raj Rajaratnam in the rearview mirror, it seems like the government has turned its attention to its next big target.
I'm not talking about the trial that begins today against Zvi Goffer, a former Galleon employee who allegedly ran an insider trading ring of his own.
I'm talking about MOREKatie Benner - May 16, 2011 11:42 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
When testimony gets confusing, lawyers risk losing the jury. Raj Rajaratnam's legal team may use an expert network of its own to interpret the whirl of complicated information.
When Goldman Sachs chief executive Lloyd Blankfein testified as part of the insider trading case against the hedge fund manager Raj Rajaratnam, the banker provided glimpses into the world of the Wall Street power house that were at times riveting, and at times MOREKatie Benner - Mar 24, 2011 11:19 AM ET
Prosecutors have what appears to be a very strong case against Raj Rajaratnam, with taped conversations and dozens of cooperating witnesses. But the defense team is not going to go down easy.
In opening remarks Wednesday that ran over an hour and a half, defense attorney John Dowd began to dismantle what many assume to be the strongest evidence against his client, hedge fund manager Raj Rajaratnam: 2,400 taped phone conversations MOREKatie Benner - Mar 10, 2011 11:04 AM ET
19 people have already pled guilty in the vast, ongoing insider trading bust. Can Raj Rajaratnam's lawyers make a strong enough case for the hedge fund manager at its center?
Opening statements are expected to begin Wednesday in the insider trading trial of hedge fund manager Raj Rajaratnam, kicking off a courtroom drama expected to last more than two months. Jury selection began on Tuesday.
No insider trading case has attracted this MOREKatie Benner - Mar 9, 2011 9:49 AM ET
The Galleon insider trading ring has enveloped a big fish on Wall Street with the SEC's charges against Rajat Gupta, a former member of the board of Goldman Sachs and a former managing director of McKinsey & Co.
Dammit, Rajat. We gave you the benefit of the doubt. We said that we wished it were not so. That it might all be all series of coincidences—that a former managing director of MOREDuff McDonald, Contributing Editor - Mar 1, 2011 1:13 PM ET
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