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
12:27
CNIR is analyzing seven route options for the Bucharest–Giurgiu Motorway
12:23
The film “Fjord,” directed by Cristian Mungiu, Romania’s submission for the 2027 Oscars
12:17
Nicușor Dan calls for an “ambitious” EU budget: “We want substantial amounts for the cohesion chapter and the agriculture chapter”
11:43
The US, Bulgaria, Hungary and Romania have neutralized the infrastructure of the Sality malware
11:32
Andrei Pleșu: Notes, States, Days
See more news