The Justice Department has directed all 94 U.S. Attorneys to appoint a coordinator for all virus-fraud cases, raising the prospect that those who threatened or attempted to spread the virus could be charged with federal terrorism offenses as the virus could be classified as a biological agent.
The Justice Department has contacted Republican North Carolina Sen. Richard Burr, who dumped up to $1.72 million in stocks before the market plunged, for further information. Other lawmakers who traded ahead of the market turmoil caused by the COVID-19 panic based on confidential briefings they received could face similar inquiries, according to media reports.
“It’s time that Cohen accepts the consequences of his criminal convictions,” said a federal judge, in rejecting former Trump attorney Michael Cohen’s request for early release from his three-year prison term.
Iceland’s economy was as badly shattered by the 2008 financial meltdown as the U.S. The decision to appoint Ólafur Hauksson, who had no experience in white-collar crimes, as Special Investigator, helped put 26 bankers in jail and showed that effective law enforcement can deter corporate wrongdoing, says a new paper.
As of January 2020, the number of white-collar offenders prosecuted on federal charges had dropped eight percent from the previous year, continuing a slide that began five years ago. That’s the lowest figure recorded since tracking began during the Reagan Administration, says the Transactional Records Access Clearinghouse.