The aggressive use of wiretaps is important: It shows that we are targeting white-collar insider-trading rings with the same powerful investigative tools that have worked so successfully against the mob and drug cartels.
Preet BhararaFrom coast to coast, the FBI and Securities and Exchange Commission have ensnared people not only at hedge funds, but at technology and pharmaceutical companies, consulting and law firms, government agencies, and even a major stock exchange.
Preet BhararaInsider trading tells everybody at precisely the wrong time that everything is rigged, and only people who have a billion dollars and have access to and are best friends with people who are on boards of directors of major companies - they're the only ones who can make a true buck.
Preet BhararaIn some respects, inside information is a form of financial steroid. It is unfair: it is offensive; it is unlawful; and it puts a black mark on the entire enterprise.
Preet BhararaI do my job. I love my job. It's the best job I ever had. And it's probably the best job I will ever have. And I serve at the pleasure of the president. That's true of President Obama. That will be true of President Trump. And if and when a president decides that they want to replace me, I'll ride off into the sunset.
Preet Bharara