The Trump administration was very lax on white-collar crime, reducing fines and prosecutions in that field. With Biden’s 100th day in office slowly approaching, the president and his team seem determined to return these policy changes to Obama-era ways.
“The political pendulum is swinging back,” says Attorney David Benowitz of Price Benowitz LLP. “We just need to keep up with its changing tides.”
Here is a closer look into what this plan entails explicitly, the laws they are using to get it done, and how effective this plan may be.
During the COVID-19 pandemic of 2020, several fraud cases involved stimulus checks and relief payments. Attorney General and former D.C. Circuit Judge Merrick Garland have listed COVID-19 related fraud schemes as a top priority for the Department of Justice (DOJ).
Gary Gensler, the previous head of the Commodities Futures Trading Commission, also increased enforcement on these schemes and is expected to carry that track record into his role as Chairman of the Securities and Exchange Commission (SEC).
The Biden Administration has also spoken out against financial and corporate fraud, planning to use the CARES Act and the False Claims Act to prosecute these violations. The Coronavirus Aid, Relief, and Economic Security (CARES) Act specifically focused on addressing issues caused at the onset of the pandemic. It was continued as the Consolidated Appropriations Act in December of 2020 so that relief payments alongside...
SOUTH LEBANON — Israeli and Lebanese senior officials on Thursday denied reports that the Israeli army had withdrawn part of its troops from the “buffer zone” in occupied southern Lebanon, followi...