Mar 11, 2017 · NEW YORK (CBSNewYork/AP) -- U.S. Attorney for the Southern District of New York Preet Bharara, known for crusading against public corruption, was forced out of office, the federal prosecutor ...
Mar 03, 2021 · “He has no choice but to see what happens with the [state Attorney General Letitia James’]’s investigation,” Bharara told Wolf Blitzer. Bharara …
Jun 20, 2020 · Preet Bharara, former US Attorney for the Southern District of New York, pulled no punches on Twitter late Friday night calling out Attorney General Bill …
Posted Sat, Mar 11, 2017 at 2:46 pm ET | Updated Mon, Mar 13, 2017 at 7:56 am ET. Preet Bharara, the powerful U.S. Attorney for the Southern District of …
Upon the election of U.S. President Donald Trump, Bharara was dismissed after refusing to submit his resignation as part of the 2017 dismissal of U.S. attorneys. After leaving government, he went into academia by joining New York University School of Law 's criminal justice faculty.
In April 2013, Bharara gave the authorization to the FBI for the raid on Alimzhan Tokhtakhunov 's apartment in Trump Tower. In April 2013, the case was personal for Bharara after Russia included him on the list 18 U.S. individuals banned from entering Russia in retaliation to the Magnitsky act.
In 2013, the jury found Bank of America liable for selling Fannie Mae and Freddie Mac thousands of defective loans in the first mortgage-fraud case brought by the U.S. government to go to trial. The civil verdict also found the bank’s Countrywide Financial unit and former Countrywide executive Rebecca Mairone liable. However, in 2016 the U.S. Court of Appeals for the Second Circuit ruled that the finding of fact by the jury that low-quality mortgages were supplied by Countrywide to Fannie Mae and Freddie Mac supported only "intentional breach of contract," not fraud. The action, for civil fraud, relied on provisions of the Financial Institutions Reform, Recovery and Enforcement Act. The decision turned on lack of intent to defraud at the time the contract to supply mortgages was made.
In June 2012, The New York Times published an op-ed written by Bharara about the threat posed to private industry by cybercrime and encouraged corporate leaders to take preventive measures and create contingency plans.
In April 2012, Kruger was sentenced to seven years in prison. In February 2011, Bharara announced the indictment of five consultants working on New York City’s electronic payroll and timekeeping project, CityTime, for misappropriating more than $80 million from the project.
In 2012, the bank reached a settlement with Bharara's office to pay $158 million for misleading the government into insuring risky loans. Bharara also made a criminal inquiry into Citibank's Mexican unit. In 2014, Citi settled with federal prosecutors for $7 billion for ignoring warnings on risky loans.
His parents immigrated to the United States in 1970, and Bharara became a U.S. citizen at age 12. He grew up in Eatontown in suburban Monmouth County, New Jersey and attended Ranney School in Tinton Falls, New Jersey, where he graduated as valedictorian in 1986.
Preet Bharara blasts Attorney General Bill Barr as ‘a liar’. Preet Bharara, former US Attorney for the Southern District of New York, pulled no punches on Twitter late Friday night calling out Attorney General Bill Barr as a “liar”. The tweet came after an accusation that Barr had intentionally tried to mislead people about ...
Yes, the Attorney General is a liar https://t.co/3pTrrO8XYW. — Preet Bharara (@PreetBharara) June 20, 2020. Berman’s refusal to leave sets up a showdown with the Justice Department over how and when he might ultimately be forced from the job.
Hours later, however, Berman put out a statement of his own contradicting Barr, saying he’s not going anywhere. “I learned in a press release from the Attorney General tonight that I was ‘stepping down’ as United States Attorney,” Berman, said in a statement posted to the Southern District of New York Twitter account.
The tweet came after an accusation that Barr had intentionally tried to mislead people about the sudden “resignation” of US attorney Geoffrey Berman. The brouhaha began late Friday night after Barr announced in a press statement that Berman — Bharara’s successor on the job — would be resigning from his position.