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jerryking : prosecutors   14

New Ontario initiative targets complex, white-collar crimes
AUGUST 20, 2019 | The Globe and Mail | GREG MCARTHUR.

The Ontario government has quietly launched an initiative intended to solve a problem that has vexed Canadian law enforcement: the successful prosecution of complex, white-collar crimes.

With little fanfare, the province has created what it is calling the Serious Fraud Office (SFO), with a structure that is novel to Canada: teaming up investigators and prosecutors and dedicating them to financial crimes that are too sprawling for any one municipal police force to handle.....Ontario’s office, however, will investigate an array of financial crimes, not just money laundering but large-scale fraud and corruption. It was created to fix long-standing issues with how the government combats such crimes, the two officials in charge of the initiative said in an interview......One of the primary goals is to bridge gaps between investigators and prosecutors......to prevent cases from languishing and forcing judges to throw them out because of unconstitutional court delays. Unlike a traditional police investigation, the SFO’s structure means prosecutors will be heavily involved from the outset of a case........The SFO is also designed to thwart an issue common to most police departments: the frequent shifting of resources away from fraud units whenever police are confronted with a more pressing public-safety issue, such as a threat of terrorism......“White-collar crime investigations are both complex and lengthy. Specialization and long-term experience of both prosecutors and the investigators will be critical to success.”
corruption  financial_crimes  financial_penalties  fraud  fraud_detection  groundbreaking  large-scale  law_enforcement  legal_strategies  money_laundering  Ontario  prosecutors  Queens_Park  securities_enforcement  securities_industry  white-collar  white-collar_crime 
august 2019 by jerryking
After High-Profile Shootings, Blacks Seek Prosecutor Seats - The New York Times
By YAMICHE ALCINDORNOV. 5, 2016

African-American lawyers, racial justice groups and the liberal hedge fund billionaire George Soros are combining forces to try to elect more black prosecutors in response to what they see as an insufficient response by incumbent district attorneys to the killings of black people by the police.

The effort faces steep demographic and institutional obstacles that have kept the offices of elected prosecutors — those deciding whether to seek criminal charges against the officers responsible — among the whitest reserves in American politics.
African-Americans  strategic_thinking  law  lawyers  George_Soros  Benjamin_Crump  justice_system  police_shootings  elections  prosecutors  district_attorneys  race  prosecutorial_bias 
november 2016 by jerryking
The man who strikes fear into Wall Street
February 16, 2013
Preet Bharara, U.S. Attorney for the Southern District of New York / Manhattan's top federal prosecutor has sent more financiers to jail than anyone since the 1980s

JOANNA SLATER
Preet_Bharara  Wall_Street  insider_trading  prosecutors 
february 2013 by jerryking
Intentional Bias in North Carolina - NYTimes.com
Published: December 25, 2012

the judge found “intentional” prosecutorial bias aimed at securing a death sentence for the defendants, bringing grave “harm to African-Americans and to the integrity of the justice system.”

The bias was manifested in the prosecutors’ use of peremptory strikes of prospective jurors during the jury selection process. In one case, the prosecutor struck prospective blacks at two times the rate for whites. In each of the other two cases, the rate was almost four times greater. Even when adjustments were made for other factors, like the criminal record of a prospective juror, race was “a significant factor” in the rigorous ways that the North Carolina statute required the defendants to prove.

The judge found that words and deed of the prosecutors themselves confirmed his conclusions about racial influence in the jury selection process.
juries  African-Americans  racial_discrimination  jury_selection  prosecutorial_bias  North_Carolina  race  justice_system  sentencing  prosecutors  selection_processes 
december 2012 by jerryking
Insider Trading Persists, and Gets Stealthier - NYTimes.com
By JAMES B. STEWART
Published: December 7, 2012

Why has insider trading proved so persistent, even in the face of prosecutions and popular Hollywood films like “Wall Street”?

The risk-versus-reward equation that has always been a factor in financial markets has changed drastically in the last 20 years....many people who work in financial markets “are highly skilled at cost-benefit analysis,” Mr. Bharara told me. “They’re highly intelligent. They’ve been to the best schools. They weigh the risk of getting caught against the potential reward, and they decide it’s worth the risk. We’re trying to tilt that equation.” There’s no doubt that the potential for gain “has soared,” Robert S. Khuzami, head of enforcement at the S.E.C., told me, and not because there are more takeovers and other market-moving events to trade on. “That’s a big change from the 1980s and ’90s. Hedge funds can take massive positions, use short-selling and derivatives, and employ trading techniques that aren’t transparent, and make huge amounts of money on small fluctuations on price. They don’t need to hit a home run on a $20 pop on a takeover announcement. These bets may be bunts and singles, but they get to the same place.”...The pressure to get an “edge,” as hedge fund traders often put it, has never been greater...In the wake of the Milken-Boesky era, the government has become sophisticated at monitoring major market-moving events like takeover announcements, to the point that insider trading on major corporate news has become relatively rare ...Although some critics say the S.E.C.’s expertise has lagged advances in areas like high-frequency trading, the enforcement division has made progress in monitoring suspicious trading. “We’ve created databases to see who is trading in tandem, even if you know nothing about an event,” Mr. Khuzami said. “It’s a trader-based approach, not an issuer-based approach. These trading patterns are the first clue to what might be insider trading rings. You then have to do the real detective work, pulling phone records and e-mails and using other techniques to uncover the links. ”
insider_trading  Wall_Street  financiers  hedge_funds  Preet_Bharara  investigative_workups  deterrence  Bay_Street  SEC  enforcement  patterns  misconduct  cost-benefit_analysis  slight_edge  trading  stealth  prosecutors 
december 2012 by jerryking
U.S. Targets Insider Culture in Gupta Case - WSJ.com
OCTOBER 27, 2011 | WSJ | By MICHAEL ROTHFELD, SUSAN PULLIAM and S. MITRA KALITA. Gupta Case Targets Insider Culture
Gupta Indictment Shows New Twist in Crackdown; Case Is Gamble for Prosecutors
McKinsey  insider_trading  SEC  Wall_Street  prosecutors  Rajat_Gupta  P&G  Goldman_Sachs  Preet_Bharara  Department_of_Justice 
october 2011 by jerryking
THE GALLEON TRIAL U.S. Attorney Sends a Message to Wall Street
MAY 12, 2011 | NYT | BY BENJAMIN WEISER AND PETER LATTMAN. In
21 months as United States attorney, Preet Bharara has had a major
impact on corporate crime.
Every few days during the trial of Raj Rajaratnam, the Galleon Group’s
co-founder, Preet Bharara, the United States attorney for the Southern
District of New York, would quietly enter the courtroom and take a seat
in the last row of the gallery.

From that unassuming vantage point, Mr. Bharara watched his colleagues
try to persuade a jury to convict the former hedge fund titan of
securities fraud and conspiracy.

The consistent presence of Mr. Bharara at the largest insider trading
case in a generation — and the office’s resounding victory on Wednesday —
signaled that the chief federal prosecutor in Manhattan was back as the
sheriff of Wall Street.
legal  legal_system  profile  Preet_Bharara  insider_trading  prosecutors  hedge_funds  Raj_Rajaratnam  Wall_Street 
may 2011 by jerryking
U.S. Pursues Sweeping Insider-Trading Probe - WSJ.com
NOVEMBER 20, 2010 | Wall Street Journal | by SUSAN PULLIAM,
MICHAEL ROTHFELD,JENNY STRASBURG and GREGORY ZUCKERMAN. Federal
authorities, capping a three-year investigation, are preparing
insider-trading charges that could ensnare consultants, investment
bankers, hedge-fund and mutual-fund traders, and analysts across the
nation, according to people familiar with the matter....The criminal and
civil probes, which authorities say could eclipse the impact on the
financial industry of any previous such investigation, are examining
whether multiple insider-trading rings reaped illegal profits totaling
tens of millions of dollars, the people say...The investigations have
been conducted by federal prosecutors in New York, the FBI and the
Securities and Exchange Commission. Representatives of the Manhattan
U.S. Attorney's office, the FBI and the SEC declined to comment.
insider_trading  hedge_funds  mutual_funds  prosecutors  FBI  SEC  expert_networks  Wall_Street  misconduct 
november 2010 by jerryking
The World's District Attorney
DECEMBER 26, 2009 | Wall Street Journal | By JAMES FREEMAN.
Legendary prosecutor Robert Morgenthau on his famous cases, his brawl
with Mike Bloomberg, and why he's sounding alarm about Iran.
lawyers  Manhattan  New_York_City  profile  prosecutors 
december 2009 by jerryking

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