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Under Biden, Prosecutions Of Corporate Wrongdoers Near A Historic Low
Key Excerpts from Article on Website of Huffington Post
Posted: January 22nd, 2024
https://www.huffpost.com/entry/biden-corporate-accountabilit...
The number of corporate prosecutions under President Joe Biden’s Department of Justice in 2022 hovered near the lowest level in decades, according to a new analysis published by the good government group Public Citizen. Federal prosecutors concluded just 99 criminal cases against corporations in 2022, the same number as Donald Trump’s DOJ during his second year, and only a modest increase from the 90 cases the agency brought in 2021. As a consequence, the pace of new prosecutions is at its lowest point since the start of the Clinton administration. “The light-touch approach to enforcement creates opportunities for corporate scofflaws to push the limits of what is legally allowed — risking our health and safety, our environment, our finances, and our communities — in their efforts to maximize profits,” the report warned. The slow pace of enforcement continues a two-decade decline that started after 2000, when there were three times as many corporate prosecutions as today. The Biden administration has also presided over a decline in deferred prosecution agreements and non-prosecution agreements, which the DOJ can use as an alternative to filing charges for corporate malfeasance. These more lenient agreements typically involve large multinational companies. In 2022, there were just 11. Biden’s DOJ has also expanded a policy that allows corporations to self-report misconduct in exchange for the government’s guarantee not to prosecute.
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