Thursday, 31 July 2014
Last updated 5 hours ago
May 24 2012 | 3:20am ET
The ranks of prosecutors who helped put Galleon Group founder Raj Rajaratnam in prison is dwindling by the month.
The latest to leave the U.S. Attorney's Office in Manhattan for the literally richer world of private practice is Avi Weitzman. The seven-year veteran of the federal prosecutors' office has joined Gibson Dunn & Crutcher. He's the third member of U.S. Attorney Preet Bharara's Rajaratnam team to leave since the convicted insider-trader was sentenced to 11 years in prison last year.
At Gibson Dunn, Weitzman will be of counsel in the firm's New York office, working with its litigation group.
In addition to serving on the Rajaratnam team, Weitzman led the prosecution of expert networker Winifred Jiau, winning her conviction on charges that she sold confidential information to two hedge fund managers.
Weitzman was preceded into private practice by Jonathan Streeter, who joined Dechert, and Andrew Michaelson, who went to Boies Schiller & Flexner. In addition, Christopher Garcia, who headed the securities fraud unit at the Manhattan federal prosecutor's office, and U.S. District Judge Richard Holwell, who presided over the Rajaratnam trial, have left the public service for private law firms. Of the three main prosecutors in the Rajaratnam case, only Reed Brodsky remains with the U.S. Attorney's office; he is currently leading the prosecution of accused Rajaratnam tipster Rajat Gupta.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…