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Sen. Schumer’s Chief Counsel Expected To Get N.Y. U.S. Attorney Post

Of all the U.S. Attorney offices, this is one of the highest profile ones in the nation. The office is going after Bernie Madoff and Wall Street.

By AMIR EFRATI
Wall Street Journal

The Obama administration is expected to nominate Preet Bharara, who investigated the firing of eight U.S. attorneys by President George W. Bush, as the U.S. attorney for the Southern District of New York, several people familiar with the matter say.
The U.S. attorney for the Southern District, who is based in Manhattan, has traditionally played the leading role in policing business-related corruption and white-collar crime and serving as Wall Street’s watchdog. The office is currently handling the investigation of Bernard Madoff’s alleged multibillion-dollar Ponzi scheme.
The 40-year-old Mr. Bharara has yet to be nominated by President Barack Obama. If he is ultimately confirmed by the Senate, he would take over the post at a time of widespread anger at Wall Street, though few major criminal prosecutions.
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