Sam Bankman-Fried's upcoming trial on fraud charges marks a major test for a broader crackdown on white collar crime led by Manhattan's top federal prosecutor: Damian Williams.
Upon taking office in late 2021 as the U.S. Attorney for the Southern District of New York, Williams said "rooting out corruption in our financial markets" would be one of his top priorities - a familiar role for an office known as the main enforcer on Wall Street.
The cases Williams, 43, has brought so far show he has been a "steward" of the SDNY's longstanding priorities, said Kan Nawaday, who overlapped with Williams at the office. "He's continuing the same type of rigor with pursuing cases, and pursuing noteworthy, righteous cases insofar as financial crimes and public corruption," said Nawaday, now a partner at law firm Venable.
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