(Courthouse News Service) Forced to defend his inside-trading prosecutions, U.S. Attorney Preet Bharara must confront “grave allegations” that he knew an FBI raid that destroyed a multibillion-dollar hedge fund rested upon fabricated evidence, a federal judge ruled Thursday. Since his appointment in 2009, Bharara has staked his legacy largely on his aggressive approaches to fighting illegal Wall Street trading and political corruption in Albany.
Level Global Investors, a now-shuttered hedge fund that once had $4 billion in assets under management, became one of the high-profile targets of Bharara’s securities-fraud investigations a little more than a year into his tenure.
