White-Collar Crime Probes Likely to Intensify Under Biden’s DOJ
- Priorities may include securities fraud, health-care cases
- Trump’s DOJ oversaw declines in white-collar prosecutions
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President-elect Joe Biden’s Justice Department is likely to ramp up white-collar crime enforcement, putting Wall Street firms and corporate executives under greater scrutiny.
Fines and prosecutions of white-collar crimes fell during the Donald Trump administration, but lawyers are anticipating a ramp up that would return the government to its past practice of scrutinizing corporate wrongdoing. Robert Anello, a defense lawyer in New York, said his white-collar practice like many others in Manhattan, ground to a halt during the Trump administration.