By Shira Ovide Wall Street Journal Hey, hedgies, better brush up on Preet Bharara’s CV and predilections. The U.S. Attorney for Manhattan is looking like the new Sheriff of Wall Street–-and he’s a Springsteen fan, to boot. Bharara’s office, along with the FBI and the SEC, are closing in on an insider-trading case that could…
By Allan Lengel ticklethewire.com The big Wall Street folks with lots of money could soon be trading in those $3,000 tailored wool suits for orange jumpsuits in what promises to be a full blown, major scandal. F.B.I. agents on Monday raided offices of three hedge funds as part of an escalating probe into insider trading…
By Allan Lengel ticklethewire.com WASHINGTON — Despite the tough talk by President Obama and his Attorney Gen. Eric Holder, the administration has yet to file charges against the big Wall Street banks that had their hands in bad and risky housing loans, the Washington Post reports. “Nearly 1 1/2 years into Obama’s tenure, despite several…
As the country worried about terrorist attacks, the Bush adminstration seemed to take its eye off of Wall Street. The result: Fraud and more fraud and people losing life savings. By ERIC LICHTBLAU New York Times WASHINGTON – Federal officials are bringing far fewer prosecutions as a result of fraudulent stock schemes than they did…
