December 1, 2023
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7:37Now PlayingWhite Collar criminal prosecutions from President Biden’s Justice Department are close to being at an all time low as Attorney General Merrick Garland refuses to take on corporate criminals. Mike Papantonio & Farron Cousins discuss more.
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*This transcript was generated by a third-party transcription software company, so please excuse any typos.
White collar criminal prosecutions from President Biden's Justice Department are close to being at an all time low. The worst, the worst in 50 years since attorney general Merrick Garland refuses to prosecute corporate criminals. Well, there's a reason for it. He used to defend them. He was part of the process. He made his living defending corporate criminals dressed up in suits with Armani watches and driving up in Bentleys. So there's no such thing as throwing a corporate criminal in prison anymore. I mean, look at the opioid case, man. They killed 150 people a day. I handled the civil side of that case. I took the depositions. We gave all that material to the Justice Department. They have it. They've made movies about it. They've done all kinds of specials about it. But the Justice Department sits there and won't do a thing. They're dysfunctional. They're useless, and all they're looking for is low hanging fruit.
Right. And we're talking about fewer than 100 white collar criminal prosecutions from the DOJ every year that Biden has now been in office, which is almost identical to Donald Trump. So, we've seen no difference whether it's a Democrat in the White House, a Republican in the White House. We've been going down steadily since the year 2000. And there was a time when it didn't matter if it was a Republican or Democrat, they did prosecute white collar criminals.
Absolutely. How about Ronald Reagan on the S&L crisis, 800 bankers were prosecuted, 800. That hasn't been done by Democrat or Republican since. And these people are, I mean, we're talking about mass murder. We're talking about manslaughter. Look, I could go on whether it's with PFAS, how about the PFAS case? I tried that case. I know what it's about. I handled the opioid case. I saw the documents. I saw exactly what they did. PFAS, they knew about it decades ago. They knew it was causing cancer. The people who were responsible for those decisions were never prosecuted. And the people that continue to make it happen are not being prosecuted. 12 pharma cases, I promise you, I've handled 12 pharmaceutical cases out of, I've handled many more, 40 or 50. But out of 12, the documents were so strong, we would send them on, hey, you need to look at this, because clinical data has been phonied up. They lied to the FDA. They made all this stuff up. This is fraud, and it's criminal fraud. And people lost their lives because of it. You know what the Department of Justice has done? Zero.
Yeah. Every now and then, they'll throw a fine at a company if it's something that's so horrific, you just can't get around it. But the fine will always be much less than what they made off of the crime.
Some cat in a bow tie shows up, today we stopped whatever. How about fen-phen? Fen-phen killed thousands of people. Nobody prosecuted. How about the blood virus case that I handled, you know, Factor VIII? Factor VIII was a drug. You were with me. We handled, you were working with me then, right?
A little after that.
A little after that. Okay.
But not long.
Factor VIII was for hemophiliacs. And it was supposed to help a hemophiliac when they were having a bleed problem, it was supposed to clot the blood. Well, the companies knew that it was infected with HIV. They knew there was an HIV infection, and we got it off the market in the US. And you know what they did with it? They sent it all over the world. People died from AIDS all over the world because of these pharmaceutical companies that said, hey, we can get away with it. You know how many people were prosecuted in the US? Zero. Okay. So now this administration says, hey, we're going to allow you to self-report. I want you to talk about this.
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