Ousting of U.S. prosecutor thrusts low-profile markets regulator into unwelcome spotlight

Ousting of U.S. prosecutor thrusts low-profile markets regulator into unwelcome spotlight
Share

WASHINGTON (Reuters) – Friday’s surprise decision by the U.S. Department of Justice to replace a top federal prosecutor has thrust one of the Trump administration’s more low-profile, bipartisan officials into the spotlight, shocking people who know and have worked with him.

Over the past day, Securities and Exchange Commission (SEC) Chairman Jay Clayton has come under enormous pressure to spurn his nomination to replace U.S. Attorney in Manhattan Geoffrey Berman, who was fired by President Donald Trump on Saturday after refusing to resign in a Friday night statement.

In his post at the Southern District of New York (SDNY), Berman had led the prosecution of high profile corruption and Wall Street crimes, and had been investigating Trump’s personal lawyer, Rudolph Giuliani. Giuliani has not formally been accused of any wrongdoing.

Clayton could not be reached for comment on Saturday. His spokeswoman did not respond to requests for comment.

“Clayton can allow himself to be used in the brazen Trump-Barr scheme to interfere in investigations by the U.S. Attorney for SDNY, or he can stand up to this corruption, withdraw his name from consideration, and save his own reputation from overnight ruin,” the Senate’s top Democrat, Chuck Schumer, tweeted on Saturday.

Lindsey Graham, chairman of the Republican-controlled Senate Judiciary Committee, said he had not been consulted on Clayton’s nomination and that he still planned to seek approvals from New York Senators Schumer and his fellow Democrat Kirsten Gillibrand, as is usual practice.

Source: Reuters

Submit a Comment