Felonies For Financial Firms?
Wall Street's chief enforcement agent, Preet Bharara, said in a speech before the Security Industry and Financial Markets Association (SIFMA) that it won't be too long before "a significant financial institution will be charged with a felony or be made to plead guilty to a felony." Bharara has been a leading advocate for holding institutions themselves, and not just people, accountable for crimes and has aggressively been going after financial firms and white-collar criminals in particular.
The 5 Best One Liners From Wall Street's Top Cop
Preet Bharara, the U.S. Attorney for the Southern District of New York, loves two things: using aggressive tactics like wiretapping to take down white collar criminals and making occasionally corny (but sometime hilarious) jokes. Here are some of his best.