Word: insiderism
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The Business Insider observed this week that it was actually harder to get a job at Manhattan’s newest Apple Store (located on the Upper West Side) than it was to secure a place in Harvard’s latest freshman class. The store�...
• Sworn in as U.S. Attorney for the Southern District of New York in October after being confirmed by the U.S. Senate in August (he was nominated for the post by President Obama in May). Oversees about 200 lawyers in one of the nation's most high-profile prosecutor positions...
Quotes By: "Greed, sometimes, is not good." - Announcing the arrest of billionaire Galleon hedge-fund founder Raja Rajaratnam and five others for insider trading (Reuters, Oct. 20, 2009)
"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...
Since then, e-mail has played an increasingly important role in prosecutions. Unlike wiretaps, e-mails eliminate the problem of entrapment. They are records of what someone was saying voluntarily, on their own. Accounting firm Arthur Andersen was indicted for its role in Enron's financial fraud in part because...