Trump Era White Collar Crime: Who’s Chasing Who?

What is going on with Wall Street White Collar Crime in the Trump era?

Hedge Fund Managers Never Die

Sheelah Kolhatkar wrote an excellent article in The New Yorker this January.

Her book, Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street, is all about the way the US New York District Attorney tried to bring down Hedge Fund Manager Steve Cohen.

This from CSPAN yesterday:

You’re Fired!

It turns out that the US Attorney for the Southern District of New York, Preet Bharara, who attempted to jail Steve Cohen,  has since been fired by Donald Trump.

Reaction

Bharara’s own performance as a prosecutor has prompted mixed reactions.

From praise:

To mixed:

And outright hostile:

 

This hedge fund ethics and compliance executive was also jailed by Bharara.

 

 

Reading List

For more on Preet Bharara in the New Yorker:

TV Show

The TV Show Billions is loosely based on the Hedge Fund Insider Trading Battles that creator Andrew Ross Sorkin has covered while working as a New York Times journalist, CNBC Squawk Box host and successful author.

 

This is how the show’s creators responded to Bharara’s sacking:

So what do you think is really going on?

Is Mr Trump really ‘draining the swamp’ — or just feeding the crocodiles?

 

 

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