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Because there is an administration in power that is more willing to prioritize prosecuting financial crimes.

michaelteter 4y ago
Not necessarily disuputing this, but do you have anything to back up this claim?
andirk 4y ago
And the previous administration never prosecuted any financial crimes, especially not Elizabth Holmes, right? "In June 2018, Theranos announced that Holmes was stepping down as CEO. On the same day, the Department of Justice announced that a federal grand jury had charged Holmes, along with Balwani, with nine counts of wire fraud and two counts of conspiracy to commit wire fraud." [0] [0] https://www.businessinsider.com/theranos-founder-ceo-elizabeth-holmes-life-story-bio-2018-4#in-june-2018-theranos-announced-that-holmes-was-stepping-down-as-ceo-on-the-same-day-the-department-of-justice-announced-that-a-federal-grand-jury-had-charged-holmes-along-with-balwani-with-nine-counts-of-wire-fraud-and-two-counts-of-conspiracy-to-commit-wire-fraud-39 https://www.businessinsider.com/theranos-founder-ceo-elizabe...
- HWR_14 4y ago
  In 2018, Elizabeth Holmes has the misfortune of having multiple cabinet members, Presidental ally Rupert Murdoch and Republican stalwarts like Kissinger and former Senators among her defrauded investors. Other than Theranos there was little financial crime prosecution.
  - from 4y ago
    It is true that white collar prosecutions have declined but this is part of a long running trend (https://www.vox.com/2015/8/5/9099935/federal-white-collar-crime-prosecution-data https://www.vox.com/2015/8/5/9099935/federal-white-collar-cr..., https://trac.syr.edu/tracreports/crim/514/ https://trac.syr.edu/tracreports/crim/514/). It is also true that the former president was on the record as against the FCPA but there were more enforcement actions in his term than most other presidents (https://www.gibsondunn.com/wp-content/uploads/2021/01/Chart2-FCPAEnforcement.jpg https://www.gibsondunn.com/wp-content/uploads/2021/01/Chart2...). If there is any increase this year it's likely going to be due to a bunch of low hanging fruit PPP fraud cases.
gadders 4y ago
And all the donation cheques bounced.

Not necessarily disuputing this, but do you have anything to back up this claim?

And the previous administration never prosecuted any financial crimes, especially not Elizabth Holmes, right? "In June 2018, Theranos announced that Holmes was stepping down as CEO. On the same day, the Department of Justice announced that a federal grand jury had charged Holmes, along with Balwani, with nine counts of wire fraud and two counts of conspiracy to commit wire fraud." [0] [0] https://www.businessinsider.com/theranos-founder-ceo-elizabeth-holmes-life-story-bio-2018-4#in-june-2018-theranos-announced-that-holmes-was-stepping-down-as-ceo-on-the-same-day-the-department-of-justice-announced-that-a-federal-grand-jury-had-charged-holmes-along-with-balwani-with-nine-counts-of-wire-fraud-and-two-counts-of-conspiracy-to-commit-wire-fraud-39 https://www.businessinsider.com/theranos-founder-ceo-elizabe...

HWR_14 4y ago
In 2018, Elizabeth Holmes has the misfortune of having multiple cabinet members, Presidental ally Rupert Murdoch and Republican stalwarts like Kissinger and former Senators among her defrauded investors. Other than Theranos there was little financial crime prosecution.
- from 4y ago
  It is true that white collar prosecutions have declined but this is part of a long running trend (https://www.vox.com/2015/8/5/9099935/federal-white-collar-crime-prosecution-data https://www.vox.com/2015/8/5/9099935/federal-white-collar-cr..., https://trac.syr.edu/tracreports/crim/514/ https://trac.syr.edu/tracreports/crim/514/). It is also true that the former president was on the record as against the FCPA but there were more enforcement actions in his term than most other presidents (https://www.gibsondunn.com/wp-content/uploads/2021/01/Chart2-FCPAEnforcement.jpg https://www.gibsondunn.com/wp-content/uploads/2021/01/Chart2...). If there is any increase this year it's likely going to be due to a bunch of low hanging fruit PPP fraud cases.

gadders 4y ago

And all the donation cheques bounced.