Casualty of Preet Bharara’s insider trading crackdown wants him held ‘accountable’

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Hedge fund manager David Ganek wants the next US Attorney for the Southern District of New York to hold Preet Bharara and Southern District prosecutors and FBI agents “accountable” for a public raid on his office that never led to his arrest.

“I am hopeful that a new US Attorney with no links to the wrongful search of my office will finally hold someone accountable and publicly explain why a false affidavit that accused me of insider trading was submitted to the court,” Ganek said in an emailed statement to Yahoo Finance.

Ganek is suing Bharara, along with 14 other members of the US Attorney’s office in Manhattan and the FBI, claiming they led a “recklessly publicized” raid that resulted in the collapse of his once-$4-billion hedge fund, Level Global.

On Friday, Attorney General Jeff Sessions asked Bharara to resign, along with 45 other US attorneys, all of whom were appointed by President Barack Obama. Over the weekend, Bharara tweeted that he didn’t resign, but that he was “fired.”

Source: YahooFinance

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