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Preet Bharara Ready To Prove Insider Trading Still Exists

You can't change the game on Preet, because Preet IS the game.
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Preet Bharara’s just about ready to accept the soul-crushing, legacy-lightening definition of insider-trading imposed on him by certain unletteredjudges. But even under its new, much more closely-demarcated description, it still means something, dammit!

And he intends to show that whatever it is that “insider trading” means today, Visium Asset Management was totally doing it.

Prosecutors are focused on the trading of several pharmaceutical stocks at the $8 billion firm, the people said. They have indicated in meetings with defense lawyers that they believe insider trading may have occurred.

Criminal charges would touch off the most significant insider-trading case brought by the office of Manhattan U.S. Attorney Preet Bharara since an appeals court ruling in 2014 made it more difficult for prosecutors to bring such cases.

Insider Trading Is Focus of Probe Into Visium [WSJ]


By United States Department of Justice ( [Public domain], via Wikimedia Commons

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