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My conversation with United States Attorney

December 4, 2010 Leave a comment Go to comments

Today, I had an interesting discussion with Preet Bharara, the United States Attorney of New York… the man who’s team is in the news fairly often recently… with the Galleon fraud case, insider trading probe, and other investigations in the business world.

Our discussion circled around the topic of corporate ethics and transparency in financial markets. Preet explained how his office is structured and what they are doing to combat the rising cases of fraud in the financial markets. He also noted that there is always a pressure from the media and other critics… if the attorney’s office doesn’t indict a person/organization… a hue is raised as to how toothless the office is and if they do, then the complaint is that the office is misusing its power.

Nonetheless, I had two questions for Preet which he accepted and agreed to look into:
1. Since the attorney’s office is investigating so many potential business violations, the federal investigators could have found causal patterns in the way these violations have come about… and could this not be a feedback to the industry?
2. Isn’t there something done by the regulators to disallow business models such as these “expert network” firms which inherently pose a high risk of fraud due to misuse of information asymmetry?

  1. December 11, 2010 at 7:05 am

    As we’re on My conversation with United States Attorney Circadian Rhythmsâ„¢, After being hired by a client or appointed by the court, a criminal lawyer’s first duty is to meet with the client and hear the client’s side of the story about the crime. The attorney will represent the client until or unless the client admits guilt or, in the case of privately hired attorneys, dismisses the criminal lawyer. The attorney will continue to represent the client until the criminal trial is concluded.

  1. May 7, 2011 at 9:27 pm

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