Word: bharara
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...prosecutors portray Portillo, 58, as a man ready to exploit his presidency for illicit gain from the moment he took office. Preet Bharara, a U.S. attorney in Manhattan, says Portillo turned "the Guatemalan presidency into his personal ATM." Guatemalan media, quoting Guatemalan government sources, have reported that Portillo's alleged take was approximately $70 million. Aside from the Taiwanese funds, he's also accused of embezzling about $4 million from Guatemala's Defense Ministry. He allegedly laundered the money through accounts in Guatemala and through U.S. and European banks. It was a financial shell game that involved overdrafts so massive...
...chunk of it to an account at Washington-based Riggs Bank and later to a Paris bank account jointly held by his daughter and ex-wife. Portillo was indicted in New York City because some of the banks and branches he allegedly used were located there. In a statement, Bharara said his office is committed "to prosecuting those who use American banks and financial institutions to launder ill-gotten gains." Recently, the office has launched criminal cases against the likes of Osama bin Laden and a Somali pirate...
Quotes About: "I believe Preet Bharara will be one of the most outstanding U.S. Attorneys that the Southern District, or any other, has ever had. He is smart, hardworking, focused and unafraid to proceed wherever the facts of a case may lead." - Senator Chuck Schumer, in a statement after Barack Obama nominated Bharara to become U.S. Attorney for the Southern District of New York (Wall Street Journal...
...What former Manhattan U.S. Attorney Rudy Giuliani did to the Mob is what Preet Bharara will do to Wall Street." - Ravi Batra, an India-born defense lawyer in New York, after Bharara brought insider-trading charges against two high-profile businessmen from India, where Bharara was born (Wall Street Journal...
...this has been hard on the Justice Department internally is because so many people have respect for him ... We can't attack him as a political hack, because he's not. He's a political person, but first and foremost, he's a prosecutor." - Senior Bush official, on why Bharara was such a formidable adversary, during an interview with the Legal Times in April 2007 (Politico...