(Reuters) - Goldman Sachs Group Inc has received a subpoena from the Manhattan district attorney's office seeking information on its activities leading into the credit crisis, according to a report from Bloomberg.
Preet Bharara is the new “Sheriff of Wall Street”. The U.S. district attorney for the southern district of New York has taken down 60 insider dealers, including former McKinsey boss Rajat Gupta and Raj Rajaratnam over the Galleon scandal.
Currently, he has SAC Capital in his sights. He’s charged the giant hedge fund itself with allowing insider trading. Not for nothing has he inherited the populist monicker last claimed by Eliot Spitzer during his post-dotcom crackdown on white-collar crime.