attorney bharara issued this statement, brian, mandy.ry unanimously found, matthew marmartoma, used it to engage in illegal insider trading." he goz ton say in the statement, in the short hundred cheating may have been profitable for martoma, but in the end, it made him a convicted felon and likely will result in the forfeiture of his illegal windfall and loss of his -- the ninth person convicted by guilty plea in this district in the last four years. again, speaking to what kate kelly just said. a perfect record for u.s. attorney preet bharara's office when it comes to convicting those he goes after in insider trading, guys. >> thank you very much for the statement there from the sheriff of wall street, preet bharara. >>> background here. doing reading on how things went down. according to court documents, when the federal agents arrived at matthew ma tomea's home back in 2001 he apparently fainted. i think a lot of people would do. and prosecutors made sort of overtures towards him to solicit cooperation in this matter that might have

the fact that preet bharara, u.s.hould point out, this crackdown particularly the evidence that was gathered on the wiretaps, probably preceded preet bharara getting in office. it was bush administration. it was michael garcia who started this thing off back in 2007, 2008. as you know he left in early 2009. preet bharara took over in late 2009. so the fruits of what michael garcia started got handed to preet. but you got to give preet credit. the case that is have been brought as been extremely solid. there is another side to the story i would say defense attorneys are, you know, would tell you that it's impossible to win these cases, given the sort of class warfare that is going on out there in america, given the fact that you have an administration, white house that is running around, you know, calling people fat cats at every, every five minutes. you know, hard to find an impartial jury. the only problem with that analysis is that, it is so very clear about martoma's guilt in this thing. i mean, this is my opinion

preet bharara, he has gone after high-profile cases and gotten convictions. >> yes, he's not done, and no u.s. attorney is done. but these crimes are like any other crimes, they're going to continue. but it's refreshing to see a u.s. attorney willing to go after people worth millions and sometimes billions of dollars and try to prate them from breaking the law. so he's making the world a better place, but he has to keep vigilant at all times. >> these are high-profile cases, and where does most of the danger lie in the market? little things going on under the radar? >> i think everywhere, ali. you say small, and this was worth millions and millions of dollars, so it attracts people who didn't have that insider information, who lost money where he may have made money and gotten bonuses. but let's say that the case is what we call small. say its worth $300,000. but if that's your $300,000. or if you were part of that, and that's your life savings, that's an important case. >> when you have to make the case, and you're pursuing one of these cases, and you have to sit this and say, this is