Another Prosecuter in Hedge Fund Insider Trading Case Leaves

//Another Prosecuter in Hedge Fund Insider Trading Case Leaves

Another Prosecuter in Hedge Fund Insider Trading Case Leaves

Avi WeitsmanThe ranks of prosecutors who helped put hedge fund Galleon Group founder Raj Rajaratnam in jail 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.

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2012-05-24T14:15:00+00:00

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