The Justice Department's new approach to tackling corporate crime is 'a modest step forward when a great leap is required,' said the president of Public Citizen.
Watchdogs with a prominent consumer advocacy organization on Thursday sharply criticized the Justice Department's newly announced policy approach to combating corporate crime, calling it inadequate to reverse the decades-long trend of plummeting enforcement that has continued under the Biden administration. In a speech in New York Thursday attended by prosecutors as well as corporate lawyers, Deputy U.S.
Monaco defended the Biden DOJ's record during her remarks Thursday, citing 'convictions of the founder and chief operating officer of Theranos; convictions of JPMorgan traders for commodities manipulation; the conviction of a managing director at Goldman Sachs for bribery; and the first-ever conviction of a pharmaceutical CEO for unlawful distribution of controlled substances.