Preet Bharara, the former U.S. attorney for the Southern District of New York, who was fired last week by the Trump administration, was allegedly overseeing an investigation into stock trades made by Trump’s health secretary.
According to “a person familiar with the office,” at the time of his dismissal, Preet Bharara—who was at first told he would stay in his post under Trump—was investigating allegations that newly confirmed Health and Human Services Sec. Tom Price traded hundreds of thousands of dollars worth of shares in health companies while a lawmaker voting on legislation that affected the industry—a potential conflict of interest that could violate U.S. securities laws.
During his confirmation hearing in January, Price admitted that he had traded stock in health-related companies while co-sponsoring healthcare legislation in Congress.
Democrats accused Price of using his congressional office to benefit himself, though the former lawmaker insisted that the trades were proper and legal.