By Charlie Gasparino

All of the good publicity flowing from the crackdown on insider trading has one of the nation’s top law enforcement officials looking at what he might do in the future, and he’s seeing a lot of green.

Preet Bharara, the US Attorney for the Southern District, is telling friends that if he should leave his job today, he could earn as much as $6 million in the private sector, according to people with direct knowledge of these conversations. Bharara’s private statements come as speculation grows in Washington that the politically savvy prosecutor might also replace his boss, US Attorney General Eric Holder, if President Obama wins re-election.

A spokeswoman for Bharara wouldn’t deny the conversations about Bharara’s private sector ambitions — or the possibility that he might replace Holder.

To read more click here.

Channel 13 News

With trial slated for May for ex-Penn State assistant coach Jerry Sandusky, expect things to heat up.

The latest: The U.S. Attorney’s Office in Harrisburg, Pa., has subpoenaed records from the University about Sandusky, former Penn State President Graham Spanier, athletic director Tim Curley and former senior vice president Gary Schultz, according to Sophia Pearson of Bloomberg news.

“The university is fully cooperating with this request for information,” Powers said in an e-mail, according to Bloomberg.

Sandusky, 68, a former defensive coordinator for Penn State, faces more than 50 counts related to sexual abuse of boys over a 15-year period.

Visit msnbc.com for breaking news, world news, and news about the economy

For some citizens, it might be fun to fantasize about what it would be like to be an FBI agent.  The key is to leave it at just that: a fantasy.  That didn’t happen in Austin, Tex.

Police there are trying to find out about anyone who might have been pulled over in traffic by Armanda Rodriguez, who was impersonating an FBI agent, according to YNN News.

YNN News reports that officers pulled the 31-year-old over in black Ford Expedition outfitted with flashing lights.

At the time, he was attempting to pull over another driver. YNN reported that he made “suspicious comments” to the officer and he was portraying himself as an undercover FBI agent. Officers found fictitious FBI credentials and a badge.

A subsequent search of the apartment turned up more FBI and CIA credentials, military credentials, Marine Corps uniform, handcuffs and a pistol, YNN reported.

By Danny Fenster

Here’s another reminder how the real estate and banking world have suffered as a result of major acts of fraud.

In San Diego, charges were unsealed on Tuesday against several real estate agents involved in a multi-million-dollar mortgage fraud scheme targeting “vulnerable, low-income immigrants” , according to a statement from the FBI.

Eric Elegado, Charmagne Elegado, Theodore Cohen, Minh Nguyen, Regidor Pacal, Alexander V. Garcia, Roman Macabulos, Ramin Lotfi, and Roderick Huerto face multiple charges of conspiracy, wire fraud, money laundering, and criminal forfeiture, says the FBI. The scheme resulted in losses of more than $15 million.

The U.S. Attorney’s Office said that Eric Elegado owned and operated San Diego real estate and brokerage businesses and, conspired with others, obtained mortgage loans for unqualified buyers by falsifying salary information on loan documents, then submitted the documents to mortgage lenders, who eventually lent more than $50 million in mortgage loans.

“As a result of their scheme to defraud, defendants and others caused the mortgage companies, lending institutions, and financial institutions to lose more than $15 million,” says the FBI statement.

The defendants are scheduled to appear before US District Judge Anthony J. Battaglia on March 28.

By Danny Fenster

What’s wrong with this picture?

El Paso, Texas, County Commissioner Guillermo Gandara Jr., who publicly had taken a hardline against drugs, was arrested by the DEA on drug trafficking charges, UPI reported.

The arrest, part of a multi-agency investigation, took place late Wednesday, DEA spokeswoman Diana Apodaca confirmed to the El Paso Times.

“DEA, [Immigration and Customs Enforcement], [the Internal Revenue Service], with the assistance of the FBI along with our local partners are conducting an ongoing operation, and we cannot release further details at this time,” she said, according to UPI.

UPI reported that Gandara is a candidate for state representative and made a statement:

“Legalizing drugs is the coward practice of combating cartels, it is an insult to our men and women in law enforcement, and the laziest form of parenting our children and youth about the effects of drugs,” he said.

OTHER STORIES OF INTEREST

• Slain ATF Agent to Get Community Award (Patch)
• Ex-Cop Who Dealt Guns Headed to Prison (Seattle P-I)
• Second Gun in ATF Undercover Operation Linked to DEA of ICE Agent in Mexico (CBS)
• Anonymous Hits Ohio FBI Partner (AP)
• Nixon, Hoover Bonded Over FBI Dark Art, Pinups (Bloomberg)
• FBI: Former Talbot County Sheriff Accepted Bribes (Ledger Enquirer)
• Threatening Letters Target Congressional Offices, Media (USA Today)