Another Rajaratnam Prosecutor Enters Private Practice

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.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note