What makes Preet Bharara tick? “Easy headlines” and “brownie points.”
The New York Post reports that that’s according to 46-year-old Michael Kimelman, who served two years in prison for insider trading after getting caught in a web of prosecutions by the former US Attorney that fixed on convicted kingpin Raj Rajaratnam and his Galleon hedge fund.
Kimelman, whose November 2009 arrest came three weeks after Rajaratnam’s, insists his connection to Rajaratnam was fairly weak: namely, that his colleague Zvi Goffner once worked with Rajaratnam and sometimes traded with him.
In a new book out this month, “Confessions of a Wall Street Insider,” Kimelman details his arrest, conviction and prison sentence. He also harps on the tactics of Bharara who, according to Kimelman, played on the public’s distrust of Wall Street to quickly rack up 80 convictions.
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