Is Corruption endemic to politics? With Politics front and center in both India and the US, US Attorney Preet Bharara discusses corruption in various avenues on October 9th at Rosenthal Pavilion, Kimmel Center, NYU.
On May 15, 2009, President Barack Obama nominated Preet Bharara to become the U.S. Attorney for the Southern District of New York. Mr. Bharara’s nomination was unanimously confirmed by the U.S. Senate on August 7, 2009, and he was sworn in on August 13, 2009. As U.S. Attorney, Mr. Bharara oversees the investigation and litigation of all criminal and civil cases brought on behalf of the United States in the Southern District of New York, which encompasses New York, Bronx, Westchester, Dutchess, Orange, Putnam, Rockland, and Sullivan counties. He supervises an office of more than 200 Assistant U.S. Attorneys, who handle a high volume of cases that involve domestic and international terrorism, narcotics and arms trafficking, financial and healthcare fraud, cybercrime, public corruption, gang violence, organized crime, and civil rights violations.
Under Mr. Bharara’s leadership, the office has experienced one of the most productive periods in its history. Early in his tenure, he formed the Terrorism and International Narcotics Unit, which has continued the office’s long history of prosecuting leaders and associates of global and domestic terrorist, narco-terrorist, narcotics, and money – laundering organizations. Its convictions have included major terrorists such as Usama bin Laden’s son-in-law Sulaiman Abu Ghayth, London imam Abu Hamza, and Times Square bomber Faisal Shahzad, and international criminals such as arms trafficker Viktor Bout and Somali pirate Abduwali Muse.
Since Mr. Bharara’s appointment, the office has continued the tradition of being at the forefront of prosecuting financial misconduct, including securities fraud. The office has secured convictions of numerous insider trading defendants, including Galleon hedge fund founder Raj Rajaratnam, McKinsey managing director and Goldman Sachs board member Rajat Gupta, and hedge fund SAC Capital Advisors. The Civil Frauds Unit has brought a number of significant civil actions alleging financial and healthcare fraud and collected hundreds of millions of dollars in settlements, including from Deutsche Bank, CitiMortgage, and Bank of America for fraud relating to faulty lending practices.