Biden Administration Expected To Revamp Focus On White Collar Crime
Thu, 11/12/2020 – 18:40
With an incoming President-elect Biden, it’s looking like the party for Wall Street – and the white collar fraud that it brings with it – could be coming to an end.
While during the Trump administration fines and prosecutions related to white collar crime fell, lawyers anticipate it “ramping up” under a Biden administration. White collar defense attorney Robert Anello told Bloomberg that his practice “ground to a halt” during the Trump administration.
In addition to prosecuting white collar crime on Wall Street, tax cheats and foreign bribes will also be in focus under a Biden administration, Anello said. There will also be plenty of interest in the government funding provided as part of the Paycheck Protection Program, he said.
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