Ganek Dismissal A Win For Preet Bharara, Prosecutors And Investigators

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Mark Melin
Published on
Updated on

When a Manhattan appeals court recently threw out what remained of former hedge fund founder David Ganek’s lawsuit against prosecutors and FBI agents, they broached a sensitive topic but also skirted the issue at the same time. Ganek, co-founder of Level Global Investors LP (LG), sued former US Attorney for the Southern District of New York Preet Bharara and 14 Department of Justice prosecutors and FBI investigators, claiming they used manufactured evidence to entice a judge to grant them a search warrant for insider trading. Ganek claimed inappropriate government actions resulted in investors fleeing the fund and it ceasing operation….

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.