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Home Business & Finance Economic Policies

New tracker spotlights corporate criminals Trump could let off the hook todayheadline

January 8, 2025
in Economic Policies
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New tracker spotlights corporate criminals Trump could let off the hook
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The progressive advocacy group Public Citizen on Tuesday launched a new project aimed at tracking the incoming Trump administration’s approach to corporate crime, an effort the watchdog said is particularly urgent given that many of the companies currently under federal investigation have connections to the president-elect.

Public Citizen found that of 192 individual corporations currently facing federal probes or cases, a third “have known ties with the Trump administration.”

“They or their executives have either contributed to his inauguration, or Trump has nominated their former employees, investors, and lobbyists,” the group noted.

Public Citizen said its new Corporate Enforcement Tracker will serve as “a resource for watchdogging ongoing federal investigations and cases against alleged corporate wrongdoing that are at risk of being dropped, weakened, or otherwise modified by the incoming Trump administration.”

Corporate prosecutions plummeted to a 25-year low during Trump’s first term, and Public Citizen’s Rick Claypool—who is heading the new project—predicted that “it’s likely Trump’s second term will see a similar or worse dropoff in enforcement.”

“Corporate crime enforcement fell during Trump’s first term,” Claypool noted, “even as his administration pursued ‘tough’ policies against immigrants, protestors, and low-level offenders.”

“The five corporations with the most federal investigations or cases against them are Tesla (7), Amazon (6), Pfizer (5), Wells Fargo (4), and SpaceX (4).”

Four of the companies listed on Public Citizen’s tracker—Tesla, SpaceX, Neuralink, and X—are helmed by billionaire Elon Musk, who donated heavily to Trump’s presidential campaign and is set to co-lead a new advisory commission tasked with identifying spending and regulations to eliminate.

Tesla is facing investigations by the Justice Department, Securities and Exchange Commission, Occupational Safety and Health Administration, and other agencies—probes that could be shut down by the incoming administration, which is set to be packed with lobbyists and billionaires.

Reutersreported last week that “Musk’s potential to have extraordinary clout with the new administration raises questions about the fate of federal investigations and regulatory actions affecting his business empire, of which at least 20 are ongoing, according to three sources familiar with SpaceX and Tesla operations and the companies’ interaction with the U.S. government, as well as five current and former officials who have direct knowledge of individual probes into Musk’s companies.”

“The inquiries include examinations of the alleged securities violations; questions over the safety of Tesla’s Autopilot and Full Self-Driving (FSD) systems; potential animal-welfare violations in Neuralink’s brain-chip experiments; and alleged pollution, hiring-discrimination, and licensing problems at SpaceX,” the outlet noted.

Public Citizen also highlighted 16 companies that have donated to Trump’s inaugural fund as they face federal investigations or enforcement actions: Amazon, Apple, AT&T, Bank of America, Coinbase, Ford, Goldman Sachs, Kraken, Meta, OpenAI, Pfizer, Ripple, Robinhood, Stanley Black & Decker, Toyota, and Uber.

“The five corporations with the most federal investigations or cases against them are Tesla (7), Amazon (6), Pfizer (5), Wells Fargo (4), and SpaceX (4),” the group said in a statement.

Concerns about the fate of investigations into major U.S. companies were amplified by Trump’s choice to lead the Justice Department. Public Citizen noted Tuesday that Amazon and Republic Services, two lobbying clients previously represented by Trump attorney general pick Pam Bondi, are among the corporations currently facing federal cases or investigations.

In a separate report published Wednesday, Public Citizen said that Bondi’s record as a lobbyist raises “serious questions about potential conflicts of interest” and provides “sufficient grounds for senators to deny her confirmation.”

“We depend on the DOJ to vigorously enforce our laws, hold corporate wrongdoers accountable, and protect the rule of law,” said Public Citizen co-president Lisa Gilbert. “Pam Bondi is simply inappropriate for this post.”

Tags: CorporatecriminalshookspotlightstodayheadlinetrackerTrump
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