In the first part of President Donald Trump's second term, the Department of Justice significantly reduced efforts to investigate complex economic crimes, such as public corruption and money laundering. This change was marked by the cancellation or suspension of important cases initiated during the Biden administration, and Trump used pardons to officially forgive top officials involved in illegal acts.
The enforcement of the Foreign Corrupt Practices Act was particularly affected, with a drastic decrease in open cases. Trump argued that this law harms American companies, ordering the suspension of new cases, which led to the closure of many investigations. Investigations against public officials and cryptocurrency platforms were also reduced.
Resources were redirected to other priorities, such as immigration, which slowed economic investigations. The pardons granted by Trump affected the recovery of funds for investors, and the SEC initiated far fewer legal actions compared to the Biden administration. Officials from the Department of Justice claim that these changes aim to focus on crimes with a major impact on public welfare, but experts warn that they may weaken corporate accountability and investor confidence.
The enforcement of the Foreign Corrupt Practices Act was particularly affected, with a drastic decrease in open cases. Trump argued that this law harms American companies, ordering the suspension of new cases, which led to the closure of many investigations. Investigations against public officials and cryptocurrency platforms were also reduced.
Resources were redirected to other priorities, such as immigration, which slowed economic investigations. The pardons granted by Trump affected the recovery of funds for investors, and the SEC initiated far fewer legal actions compared to the Biden administration. Officials from the Department of Justice claim that these changes aim to focus on crimes with a major impact on public welfare, but experts warn that they may weaken corporate accountability and investor confidence.
Sources
Latest News
20:04
Andrew and Tristan Tate's lawyers requested their release on bail from the Miami jail, arguing that their public visibility makes escape impossible.
19:55
Elizabeth Bromage, a 97-year-old British woman, has set a new world record in wing walking, becoming the oldest woman to perform this flight.
19:45
Tensions between the USA and China in Argentina: Beijing accuses Washington of pressuring the CALF company due to Huawei
19:40
A police officer from Argeș has been suspended from duty after being caught driving under the influence of alcohol.
19:35
The Constanța County Council has signed the funding contract for a new aquarium, estimated at 115 million lei, which will be built within the Museum Complex of Natural Sciences.
See more news