Firing of U.S. Attorney Preet Bharara Marks the Exit of a High-Profile Wall Street Enforcer
Bharara was appointed to U.S. Attorney of the Southern District of New York by former President Barack Obama in 2009.
The firing of U.S. Attorney Preet Bharara marks the exit of a high-profile Wall Street enforcer. As U.S. Attorney, Preet Bharara's office successfully tried 85 insider trading cases before losing its first in 2014. Bharara's office reached major settlements with big banks including Citibank (C) - Get Report and JPMorgan Chase (JPM) - Get Report . It reached a $1.2 billion settlement with Toyota over unintended acceleration.
New York Attorney General Eric Schneiderman commended Bharara for his "integrity, tenacity and commitment to rooting out wrongdoing" in a statement. He also hit the Trump administration for its handling of the matter.
This article was written by a staff member of TheStreet.
