Preet Bharara, the 'Sheriff of Wall Street' is fired by Trump after refusing to resign

Preet Bharara, the US attorney for the Southern District of New York – commonly known as the "sheriff of Wall Street" – was fired by Trump on Saturday after refusing to tender his resignation.

"I did not resign. Moments ago I was fired. Being the US Attorney in SDNY will forever be the greatest honor of my professional life," Bharara tweeted Saturday afternoon.

It is not uncommon for US attorneys to vacate their positions when a new administration enters the White House.

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FILE PHOTO: U.S. Attorney for the Southern District of New York Preet Bharara speaks during a Reuters Newsmaker event in New York City, U.S., July 13, 2016. REUTERS/Brendan McDermid/File photo
NEW YORK, NY - JUNE 20: Preet Bharara, United States Attorney for the Southern District of New York, speaks during a press conference announcing corruption charges against members the New York City Police Department, at the U.S. Attorney's Office, Southern District of New York, June 20, 2016 in New York City. Early Monday morning, three members of the New York City Police Department and a businessman, who is a top fundraiser for New York City Mayor Bill de Blasio, were arrested on federal corruption charges including the exchange of lavish gifts for favors. (Photo by Drew Angerer/Getty Images)
NEW YORK, NY - JUNE 20: Preet Bharara, United States Attorney for the Southern District of New York, gestures at a chart during a press conference announcing corruption charges against members the New York City Police Department, at the U.S. Attorney's Office, Southern District of New York, June 20, 2016 in New York City. Early Monday morning, three members of the New York City Police Department and a businessman, who is a top fundraiser for New York City Mayor Bill de Blasio, were arrested on federal corruption charges including the exchange of lavish gifts for favors. (Photo by Drew Angerer/Getty Images)
US Attorney Southern District of New York Preet Bharara speaks at the Wall Street Journal CEO council annual meeting in Washington on November 15, 2016. / AFP / YURI GRIPAS (Photo credit should read YURI GRIPAS/AFP/Getty Images)
NEW YORK, NY - NOVEMBER 30: Preet Bharara, the top federal prosecutor in Manhattan, arrives at Trump Tower on November 30, 2016 in New York City. President-elect Donald Trump and his transition team are in the process of filling cabinet and other high level positions for the new administration. (Photo by Spencer Platt/Getty Images)
NEW YORK, NY - NOVEMBER 17: Preet Bharara, U.S. attorney for the Southern District of New York, speaks at a news conference where it was announced that two former pharmaceutical executives are facing federal criminal charges over a fraud and kickback scheme on November 17, 2016 in New York City. Former Philidor Rx Services CEO Andrew Davenport and former Valeant executive Gary Tanner were charged Thursday with wire fraud, money laundering and other charges in which prosecutors say they made millions of dollars illegally. (Photo by Spencer Platt/Getty Images)
Preet Bharara, U.S. attorney for the Southern District of New York, speaks during a press conference in New York, U.S., on Wednesday, Dec. 21, 2016. A former portfolio manager who was responsible for investing more than $53 billion in New York State employee retirement funds took more than $100,000 in bribes in exchange for steering more than $2 billion in pension business to two brokers, earning them and their firms millions of dollars in commissions, authorities said on Wednesday. Photographer: Peter Foley/Bloomberg via Getty Images
Preet Bharara, U.S. attorney for the Southern District of New York, speaks during a press conference in New York, U.S., on Wednesday, Dec. 21, 2016. A former portfolio manager who was responsible for investing more than $53 billion in New York State employee retirement funds took more than $100,000 in bribes in exchange for steering more than $2 billion in pension business to two brokers, earning them and their firms millions of dollars in commissions, authorities said on Wednesday. Photographer: Peter Foley/Bloomberg via Getty Images
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Attorneys are political appointees, and former president Bill Clinton asked all 93 US attorneys to resign on the day he assumed office.

Bharara, however, was invited to Trump Tower during the transition period and asked to remain in his post. Bharara had agreed to stay on.

"The President-elect asked, presumably because he's a New Yorker and is aware of the great work that our office has done over the past seven years, asked to meet with me to discuss whether or not I'd be prepared to stay on as the United States attorney to do the work as we have done it, independently, without fear or favor for the last seven years," Bharara said.

"I have already spoken to Sen. Sessions, who is, as you know, is the nominee to be the attorney general," he continued. "He also asked that I stay on, and so I expect that I will be continuing to work at the southern district."

Trump originally asked Bharara to stay on because of a request by New York Sen. Chuck Schumer, who made the suggestion when he and Trump were discussing how best to work together. Schumer was unhappy with Trump's decision to ask Bharara to stay on and then subsequently ask him to resign.

"I'm troubled to learn of reports of requests for resignations from the remaining US attorneys, particularly that of Preet Bharara, after the president initiated a call to me in November and assured me he wanted Mr. Bharara to continue to serve as U.S. Attorney for the Southern District," Schumer said.

He added: "While it's true that presidents from both parties made their own choices for U.S. Attorney positions across the country, they have always done so in an orderly fashion that doesn't put ongoing investigations at risk. They ask for letters of resignation but the attorneys are allowed to stay on the job until their successor is confirmed."

Trump's and the DOJ's calls for resignations came on the heels of a Fox News segment during which host Sean Hannity – an early and enthusiastic Trump supporter – advocated for a "purge" of all Obama-appointed Justice Department employees.

SEE ALSO: The Department of Justice just asked the 'sheriff of Wall Street' to resign after Trump asked him to stay on
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