The decision by President-elect Donald Trump to ask Preet Bharara to stay on as U.S. attorney in Manhattan sends a strong message that the Trump administration is going to be aggressive in prosecuting white-collar crime and corporate misconduct, according to former U.S. Attorney John Wood.
“Most U.S. attorneys are asked to resign when a new president enters office, and I expect that to be the case for most of the 93 U.S. attorneys across the country,” says Wood, now a partner in the Kansas City and Washington, D.C., offices of Hughes Hubbard & Reed.
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