Report: White Collar Prosecutions at Record Low Under Biden
A just-released report from Public Citizen, a nonprofit consumer advocacy organization, has found that just 90 corporations either pled guilty or were found guilty of federal crimes in 2021, falling even further than the record lows under Trump.
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A just-released report from Public Citizen, a nonprofit consumer advocacy organization, has found that just 90 corporations either pled guilty or were found guilty of federal crimes in 2021, falling even further than the record lows under Trump, according to a recent press release. Federal prosecutions of corporate criminals plunged into double digits for the first time in 25 years under President Trump, down to record lows of 99 in 2018 and 94 in 2020, but corporate prosecutions have now fallen by two-thirds from the peak of 296 in 2000.
Leniency agreements made up a quarter (26 percent) of all resolutions of federal cases against corporations accused of crimes in 2021, down from Trump’s final year, when nearly a third (32 percent) of corporate crime cases were resolved in this way. “The Biden DOJ’s policy changes away from Trump’s soft-on-corporate-crime approach suggest enforcement against corporate lawbreakers should be ramping up, but the numbers for 2021 don’t reflect those changes,” said Rick Claypool, a research director for Public Citizen and author of the report
