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February 27, 2014

A Top Financial Prosecutor to Leave

“The exodus of corporate prosecutors continues.”

“The Justice Department announced on Wednesday that Mythili Raman, an acting assistant attorney general overseeing some of the biggest investigations into Wall Street misdeeds, would soon depart the government. Ms. Raman spent the last year as acting head of the Justice Department’s criminal division, tasked with unearthing financial and other corporate frauds.”

“‘From combating financial and health care fraud, to fighting foreign and domestic corruption, and safeguarding the American people from crime and drug-fueled violence, Mythili’s tenure as head of the criminal division has been defined by extraordinary achievements,’ Attorney General Eric H. Holder Jr. said in a statement. He added that Ms. Raman ‘has done an exemplary job of leading the criminal division during a pivotal time.’”

“Ms. Raman, whose departure will cap a nearly two-decade-long Justice Department career, is the latest high-ranking prosecutor to move on this year. Her departure coincides with the exit of Denis J. McInerney, one of Ms. Raman’s top deputies at the Justice Department’s criminal division.”

“It also comes on the heels of Charles Duross, the prosecutor who oversaw the Justice Department’s investigations into corporate bribery overseas, joining the law firm Morrison & Foerster. Two other tenured fraud prosecutors, Kathleen Hamann and Adam Safwat, also recently joined private firms.”

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Read full New York Times DealBook article here.

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