Preet Bharara

Latest Preet Bharara Items
  • Ex-hedge fund trader charged in $276M insider ploy

    A former hedge fund portfolio manager was arrested Tuesday in what prosecutors called perhaps the most lucrative insider trading scheme of all time _ an arrangement to obtain secret, advance results of tests on an experimental Alzheimer's drug that netted more than $276 million for his fund and others.


  • Countrywide Financial Corp. is accused of loosening its standards for making loans while telling Fannie Mae and Freddie Mac, which were buying loans from Countrywide, that the standards were getting tighter. (Associated Press)

    Countrywide ‘brazen’ on bad loans

    The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults.


  • **FILE** Buildings and palm trees are reflected on the entrance of the Countrywide Financial Corp. office in Beverly Hills, Calif., on June 25, 2008. (Associated Press)

    U.S. suit alleges 'brazen' fraud at Countrywide

    The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults.


  • NY owner gets back $4M painting missing since 1970

    A multimillion-dollar Roy Lichtenstein painting of an electrical cord that was sent out for a cleaning 42 years ago and disappeared was returned to its owner on Tuesday.


  • **FILE** Hezbollah leader Sheik Hassan Nasrallah is seen in Beirut on June 2007. (Associated Press/Hezbollah Media Office)

    Hezbollah tied to seized cash

    Federal authorities Monday seized $150 million in connection with a civil money laundering and forfeiture complaint charging that a massive, international scheme in which entities linked to Hezbollah, including the now-defunct Lebanese Canadian Bank, used the U.S. financial system to launder narcotics trafficking and other criminal proceeds through West Africa and back into Lebanon.


  • 48 charged in massive Medicaid fraud case

    A nationwide prescription drug ring bought mountains of HIV medications and other drugs from down-and-out Medicaid recipients in New York City, then marketed the pills to pharmacies that dispensed them to unsuspecting consumers, authorities said Tuesday.


  • Seven charged in record-setting insider trading case

    Authorities on Wednesday unveiled a nearly $78 million insider trading case that involved at least seven financial industry professionals and included a hedge fund co-founder who triggered a single trade that earned $53 million in profits, the largest lone transaction ever prosecuted in Manhattan.


  • Six Estonians arrested in 'cyber-infestation'

    Federal authorities charged six Estonians and a Russian with running a huge cybercrime enterprise Wednesday, alleging they infected more than 4 million computers in 100 countries with malicious software and earned $14 million in fraudulent advertising fees from them.


  • Feds charge 7 in Internet ad-fraud case

    A crew of Internet bandits devised an international scheme to hijack more than 4 million computers worldwide, manipulating traffic on Netflix, the Internal Revenue Service and other popular websites to generate at least $14 million in fraudulent advertising revenue, federal prosecutors said Wednesday.


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