'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.
' 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.
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