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U.S. Attorney General Merrick Garland and Deputy Attorney General Lisa Monaco attend an event on May 20, 2022 in Washington, D.C.
"If you steal a penny in America, you are a criminal," said the watchdog group Public Citizen. "If you steal millions, you are a multinational corporation."
An analysis released Monday shows that the Biden Justice Department prosecuted just 99 corporate offenders last year, despite pledging to crack down on white-collar crime following years of lax enforcement during former President Donald Trump's White House term.
Corporate prosecutions have declined sharply since 2000, a trend that President Joe Biden has failed to reverse, the consumer advocacy group Public Citizen observed in a new report.
During Biden's first year in office, corporate prosecutions fell to 90, just below the 94 that the Trump administration recorded in 2020 and far below the 304 prosecutions in 2000.
The slight rise to 99 prosecutions in 2022—the fifth-lowest on record—matches the second-lowest number of corporate prosecutions during Trump's four years in the White House.
"The Biden Justice Department's light-touch approach to enforcement encourages corporate scofflaws to push the limits of what's legally allowed to maximize their profits—risking our health and safety, our environment, our finances, and our communities," Rick Claypool, a research director for Public Citizen and author of the new report, said in a statement.
"The Justice Department is still bending over backwards to protect corporate offenders from the consequences of their lawbreaking, and it's creating ideal conditions for the next corporate catastrophe," Claypool warned. "The worst corporate-caused crises of the 21st Century—the 2008 financial crisis and the opioid epidemic—are stories about enforcement agencies failing to fight systemic criminal misconduct before it was too late."
"A society that punishes the crimes of the poor while permitting the crimes of the powerful is not a just society."
The Biden administration's rhetoric on corporate crime and the policies it has implemented in a purported attempt to deter wrongdoing and hold bad actors to account have not translated into much, if any, measurable progress.
Public Citizen found that corporate leniency agreements—deals that companies reach with the Justice Department to avoid or defer prosecution—fell to just 11 last year, the lowest level since 2004.
"But whether the shift can be seen as a sign of strengthened corporate enforcement is a separate question," the group said. "If the DOJ's interest in prosecuting corporate crime was truly waxing, one would expect to see increasing prosecutions accompany the decreasing leniency agreements."
"Instead," Public Citizen added, "the near-record low number of corporate prosecutions combined with plunging corporate leniency agreements means the federal government concluded 110 criminal cases against corporations in fiscal year 2022—fewer than any previous year since 1994, when it concluded 106."
The new report points to several examples of companies that escaped prosecution through leniency agreements last year and in 2021, including Credit Suisse, Uber, and Stericycle.
"A society that punishes the crimes of the poor while permitting the crimes of the powerful is not a just society," Public Citizen's report says. "The principle that no one should be above the law includes corporations."
The report was published weeks after the Biden Justice Department faced backlash for announcing that it would not pursue charges against companies that voluntarily disclose wrongdoing committed by businesses they are acquiring.
Sen. Elizabeth Warren (D-Mass.) wrote in a letter to Attorney General Merrick Garland and Deputy Attorney General Lisa Monaco earlier this month that the policy "would incentivize corporations to engage in illegal activity of all kinds—knowing that they could simply wipe the slate clean during a merger."
More than a dozen progressive advocacy groups, including Public Citizen, echoed that warning last week and urged the Justice Department to reverse the so-called "safe harbor" policy.
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
An analysis released Monday shows that the Biden Justice Department prosecuted just 99 corporate offenders last year, despite pledging to crack down on white-collar crime following years of lax enforcement during former President Donald Trump's White House term.
Corporate prosecutions have declined sharply since 2000, a trend that President Joe Biden has failed to reverse, the consumer advocacy group Public Citizen observed in a new report.
During Biden's first year in office, corporate prosecutions fell to 90, just below the 94 that the Trump administration recorded in 2020 and far below the 304 prosecutions in 2000.
The slight rise to 99 prosecutions in 2022—the fifth-lowest on record—matches the second-lowest number of corporate prosecutions during Trump's four years in the White House.
"The Biden Justice Department's light-touch approach to enforcement encourages corporate scofflaws to push the limits of what's legally allowed to maximize their profits—risking our health and safety, our environment, our finances, and our communities," Rick Claypool, a research director for Public Citizen and author of the new report, said in a statement.
"The Justice Department is still bending over backwards to protect corporate offenders from the consequences of their lawbreaking, and it's creating ideal conditions for the next corporate catastrophe," Claypool warned. "The worst corporate-caused crises of the 21st Century—the 2008 financial crisis and the opioid epidemic—are stories about enforcement agencies failing to fight systemic criminal misconduct before it was too late."
"A society that punishes the crimes of the poor while permitting the crimes of the powerful is not a just society."
The Biden administration's rhetoric on corporate crime and the policies it has implemented in a purported attempt to deter wrongdoing and hold bad actors to account have not translated into much, if any, measurable progress.
Public Citizen found that corporate leniency agreements—deals that companies reach with the Justice Department to avoid or defer prosecution—fell to just 11 last year, the lowest level since 2004.
"But whether the shift can be seen as a sign of strengthened corporate enforcement is a separate question," the group said. "If the DOJ's interest in prosecuting corporate crime was truly waxing, one would expect to see increasing prosecutions accompany the decreasing leniency agreements."
"Instead," Public Citizen added, "the near-record low number of corporate prosecutions combined with plunging corporate leniency agreements means the federal government concluded 110 criminal cases against corporations in fiscal year 2022—fewer than any previous year since 1994, when it concluded 106."
The new report points to several examples of companies that escaped prosecution through leniency agreements last year and in 2021, including Credit Suisse, Uber, and Stericycle.
"A society that punishes the crimes of the poor while permitting the crimes of the powerful is not a just society," Public Citizen's report says. "The principle that no one should be above the law includes corporations."
The report was published weeks after the Biden Justice Department faced backlash for announcing that it would not pursue charges against companies that voluntarily disclose wrongdoing committed by businesses they are acquiring.
Sen. Elizabeth Warren (D-Mass.) wrote in a letter to Attorney General Merrick Garland and Deputy Attorney General Lisa Monaco earlier this month that the policy "would incentivize corporations to engage in illegal activity of all kinds—knowing that they could simply wipe the slate clean during a merger."
More than a dozen progressive advocacy groups, including Public Citizen, echoed that warning last week and urged the Justice Department to reverse the so-called "safe harbor" policy.
An analysis released Monday shows that the Biden Justice Department prosecuted just 99 corporate offenders last year, despite pledging to crack down on white-collar crime following years of lax enforcement during former President Donald Trump's White House term.
Corporate prosecutions have declined sharply since 2000, a trend that President Joe Biden has failed to reverse, the consumer advocacy group Public Citizen observed in a new report.
During Biden's first year in office, corporate prosecutions fell to 90, just below the 94 that the Trump administration recorded in 2020 and far below the 304 prosecutions in 2000.
The slight rise to 99 prosecutions in 2022—the fifth-lowest on record—matches the second-lowest number of corporate prosecutions during Trump's four years in the White House.
"The Biden Justice Department's light-touch approach to enforcement encourages corporate scofflaws to push the limits of what's legally allowed to maximize their profits—risking our health and safety, our environment, our finances, and our communities," Rick Claypool, a research director for Public Citizen and author of the new report, said in a statement.
"The Justice Department is still bending over backwards to protect corporate offenders from the consequences of their lawbreaking, and it's creating ideal conditions for the next corporate catastrophe," Claypool warned. "The worst corporate-caused crises of the 21st Century—the 2008 financial crisis and the opioid epidemic—are stories about enforcement agencies failing to fight systemic criminal misconduct before it was too late."
"A society that punishes the crimes of the poor while permitting the crimes of the powerful is not a just society."
The Biden administration's rhetoric on corporate crime and the policies it has implemented in a purported attempt to deter wrongdoing and hold bad actors to account have not translated into much, if any, measurable progress.
Public Citizen found that corporate leniency agreements—deals that companies reach with the Justice Department to avoid or defer prosecution—fell to just 11 last year, the lowest level since 2004.
"But whether the shift can be seen as a sign of strengthened corporate enforcement is a separate question," the group said. "If the DOJ's interest in prosecuting corporate crime was truly waxing, one would expect to see increasing prosecutions accompany the decreasing leniency agreements."
"Instead," Public Citizen added, "the near-record low number of corporate prosecutions combined with plunging corporate leniency agreements means the federal government concluded 110 criminal cases against corporations in fiscal year 2022—fewer than any previous year since 1994, when it concluded 106."
The new report points to several examples of companies that escaped prosecution through leniency agreements last year and in 2021, including Credit Suisse, Uber, and Stericycle.
"A society that punishes the crimes of the poor while permitting the crimes of the powerful is not a just society," Public Citizen's report says. "The principle that no one should be above the law includes corporations."
The report was published weeks after the Biden Justice Department faced backlash for announcing that it would not pursue charges against companies that voluntarily disclose wrongdoing committed by businesses they are acquiring.
Sen. Elizabeth Warren (D-Mass.) wrote in a letter to Attorney General Merrick Garland and Deputy Attorney General Lisa Monaco earlier this month that the policy "would incentivize corporations to engage in illegal activity of all kinds—knowing that they could simply wipe the slate clean during a merger."
More than a dozen progressive advocacy groups, including Public Citizen, echoed that warning last week and urged the Justice Department to reverse the so-called "safe harbor" policy.