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"If you're a corporation in a favored industry, you can break the law. You can get caught. You can be prosecuted and sentenced with a $100 million fine, and it doesn't matter," said one consumer advocate.
In what could be a U.S. first, President Donald Trump last week pardoned a criminal corporation, a move that largely flew under the proverbial radar amid his pardon spree for white-collar criminals including at least one of his supporters.
On March 28, Trump pardoned HDR Global Trading, the owner and operator of the cryptocurrency exchange BitMEX; company co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed; and former business development chief Gregory Dwyer.
The company and the four men hads each pleaded guilty to one count of violating the Bank Secrecy Act "by willfully failing to establish, implement, and maintain an adequate" anti-money laundering program, as required by law. In January, the U.S. Department of Justice sentenced BitMEX to a fine of $100 million, while the executives were sentenced to criminal probation and ordered to pay civil fines.
While experts noted that Trump acted within his rights to pardon the corporation, there is no known precedent for a president taking such action.
Trump's corporate pardon sends a clear message: “If you’re a corporation in a favored industry, you can break the law. You can get caught. You can be prosecuted and sentenced with a $100 million fine, and it doesn’t matter”
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— Rick Claypool (@rickclaypool.bsky.social) April 2, 2025 at 7:18 AM
Noting the U.S. Supreme Court's highly controversial 2010 Citizens United v. Federal Election Commission ruling—which affirmed corporate personhood and the dubious notion that unlimited outside spending on political campaigns is free speech—Stanford Law School professor Bernadette Meyler toldThe Intercept that "while we have seen the rise of a trend of treating corporations as persons in other areas of law, we haven't seen that so far in the area of pardoning."
Kimberly Wehle, a professor at the University of Baltimore School of Law and preeminent pardons expert, wrote for The Hill on Tuesday that the BitMEX pardons send the message that "companies involved in financial crimes don't have to worry about accountability under this president, as least when it comes to crypto, for reasons that he has no incentive to ever make known."
"BitMEX can continue its prior criminal practices with federal impunity, and maybe even rely on the pardon to thwart future investigations into related conduct by federal lawmakers or state prosecutors," Wehle added. "The biggest losers in this deal are, once again, the American people, including the more than 77 million who might finally be realizing that they voted for lawlessness last November."
"The biggest losers in this deal are, once again, the American people."
Brandon Garrett, a Duke University law professor specializing in corporate crime and punishment, told The Intercept that the BitMEX pardons are part of a wider pattern of impunity under Trump, who "now seems to be systematically pardoning corporate malefactors left and right without respect, really, to any real serious consideration about the merits of the cases [or] the larger policy implications of issuing these pardons."
As the consumer advocacy watchdog Public Citizen recently noted, "The Trump administration has dropped, withdrawn, or halted investigations and enforcement actions against over 100 corporations in its first two months in office."
Beneficiaries include companies owned or led by Trump donors or allies, including private prison giant GEO Group; Zelle network banks JPMorgan and Bank of America; crypto firms Coinbase, Gemini, Kraken, OpenSea, Ripple, and Robinhood; and Elon Musk's SpaceX.
"Trump's corporate pardons show the president's true base is the billionaire executives and corporate elites lining up to indulge their greed at the trough of Trump's corruption," Public Citizen research director Rick Claypool said last week. "Trump's soft-on-corporate crime approach invites a corporate crime spree and potentially catastrophic abuses for America's consumers, workers, and communities."
Public Citizen co-president Robert Weissman added that the Trump administration's "effective no-enforcement policy against corporations virtually guarantees more financial scams, more workplace discrimination, more poisoning of the air and water, more food contamination, more fraud, more disease, and more preventable death."
"President Trump talks 'tough on crime,' but his administration is once again betraying a preference for going soft on corporations that break the law."
U.S. President Donald Trump "is handing out 'get out of jail free' cards to corporate lawbreakers," declared Rick Claypool, author of a Tuesday report about the administration ending probes and enforcement actions against dozens of companies.
Claypool is a research director for the watchdog Public Citizen. His report "covers 429 separate investigations and cases against 361 corporations over alleged lawbreaking—including at least 25 involving allegations of criminal misconduct."
During the first six weeks since the inauguration, the researcher found, the Trump administration halted or moved to dismiss actions against 89 corporations—or 25% of the companies in Public Citizen's tracker of prominent cases.
"The consequences for the public when corporations face a diminished threat of enforcement are disastrous," Claypool warned in a statement. "Meanwhile, honest businesses that are not Trump administration insiders—or that refuse to play along with the ultra-MAGA ideological agenda—may face serious disadvantages from Trump's politicized approach to enforcement."
As his report, Corporate Clemency, details, the beneficiaries of the recent dismissals are:
"Additionally, firings of National Labor Relations Board (NLRB) members and EEOC commissioners mean these regulators lack the quorum needed for finalizing enforcement decisions, including NLRB cases against 100 corporations included in the tracker," the report explains. "There are nearly 27,000 open NLRB cases in total."
The corporations that began the Trump administration with the greatest number of probes or cases in the Public Citizen tracker are Musk's Tesla (eight) and SpaceX (four), billionaire Jeff Bezos' Amazon (seven), Big Pharma's Pfizer (five), banking giant Wells Fargo (four), and the insurance company UnitedHealthcare (four).
The report highlights that "of the 361 corporations facing federal enforcement actions, 56 have close ties with the Trump administration," 17 of which "are benefiting from the enforcement pauses that have halted investigations and cases."
The document also identifies 34 companies that collectively gave at least $34 million toward Trump inaugural festivities.
Amazon and Pfizer each gave $1 million, as did many others: Adobe, Apple, AT&T, Boeing, Coinbase, ExxonMobil, Ford Motor Company, General Motors, Goldman Sachs, Google, Hyundai and its affiliate, Johnson & Johnson, Kraken, Lockheed Martin, Meta, Microsoft, OpenAI, Stanley Black & Decker, Stellantis, and Toyota.
Ripple, Robinhood Markets, and Uber gave even more, while Abbott Laboratories, Bank of America, Citibank, Coca-Cola, CoreCivic, Ericsson, Hewlett Packard, and Syngenta gave less or an undisclosed amount.
Apple and OpenAI's contributions came from the companies' chief executives, Tim Cook and Sam Altman, while Uber had a corporate donation and one from CEO Dara Khosrowshahi. All three of them appear on the report's list of "Big Tech oligarchs seeking corporate clemency from the Trump administration," alongside Musk, Bezos, TikTok's Shou Zi Chew, Mark Zuckerberg of Meta—which owns Instagram and Facebook—and Sundar Pichai of Alphabet, the parent company of Google.
"President Trump talks 'tough on crime,'" the report says, "but his administration is once again betraying a preference for going soft on corporations that break the law."
Public Citizen co-president Robert Weissman similarly called out not only Trump—who was convicted of 34 felonies—but also Attorney General Pam Bondi and Federal Bureau of Investigation Director Kash Patel, who all "bloviate about how tough they are on crime."
"The reality is the Trump administration by its actions is inviting a corporate crime spree," Weissman said in a statement. "Not only does the wholesale abandonment of cases against alleged corporate wrongdoers let bad actors off the hook, it invites—and virtually guarantees—a surge in consumer rip offs, endangerment of workers, poisoning of the air and water, discriminatory employment practices, and more."
Public Citizen's analysis comes amid mounting alarm over Trump's so-called Department of Government Efficiency, led by Musk, the richest person on Earth. As Common Dreamsreported Monday, the Center for Biological Diversity noted in a new lawsuit that Trump's executive order establishing the government-gutting initiative requires all federal agencies to form DOGE teams.
The center's complaint stresses that "Mr. Musk and other billionaire and tech executives working with DOGE stand to benefit personally and financially from the DOGE teams' work, including by securing government contracts, slashing environmental rules that apply to their companies, and reducing the government's regulatory capacity and authority, including by targeting specific agencies, statutes, and spending decisions that affect their businesses."
Break with your routine, Americans. It’s your country they are seizing!
Rise up people and fast. Tyrant Trump and his Musk-driven gangsters are launching a fascistic coup d’état. Much of everything you like about federal/civil service for your health, safety, and economic well-being and protections is being targeted.
To feed Trump’s insatiable vengeance over being prosecuted, being defeated in the 2020 election, or now just being challenged, this megalomaniacal, self-described dictator is harming the lives of tens of millions of Americans in need and millions of Americans who are assisting them.
In his demented lawless arrogance, convicted felon Trump is nullifying the freedoms and protections of the American Revolution (King Donald is today’s King George III), and rejecting the Declaration of Independence (which listed the rights and abuses against the British Tyrant that Trump is shredding and entrenching). He is defiantly violating the U.S. Constitution, its controls over dictatorial government, and its powers exclusively given to Congress. The Constitution demands that we live under the rule of law, not the rule of one man.
While Trump enjoys Mar-a-Lago and his golfing, Madman Musk, a South African, is literally living in the Executive Office Building next to the White House, with his heel-clicking Musketeers, seven days a week (they brought in sleeping cots) guarded by a large private security detail.
Consider, people, that the world’s richest man, with billions of dollars of federal contracts, is unleashing his henchmen to wreck the daily work of public servants committed to providing critical services that have long and bi-partisan support. Assistance to children, emergency workers, the sick and elderly, public school students, and people ripped off by business crooks. He is firing the federal cops on the corporate crime beat – whether at the FBI, the EPA, or the key Consumer Financial Protection Bureau which Trump/Musk are gutting.
Some headlines: “Laws? What Laws? Trump’s Brazen Grab for Executive Power” by the great reporter Charlie Savage (New York Times, February 6, 2025). Outlaws taking charge, driven by greed for the government’s honeypots of corporate welfare, and near-zero taxes for the rich and big corporations.
When the forces of law and order reassert themselves, Elon Musk may become known as felon Musk.
Or “Searching for Motive to Musk Team’s Focus on ‘Checkbook’ of U.S.” by Alan Rappeport, February 6, 2025, New York Times.
Or “White House Billionaires Take on the World’s Poorest Kids” by the super-reporter Nicholas Kristof (February 6, 2025. New York Times) shutting down The Agency for International Development’s distribution of AIDS medicines, and crucially stopping U.S. health agencies from countering rising, deadly pandemics in Africa that could come here quickly without U.S. defensive actions abroad. Already the devastating effects on children missing healthcare and food are erupting.
Kristof concludes that all this (and the dollar amounts are very small compared to their benefits) may seem like a game for Trump/Musk, but “… it’s about children’s lives and our own security, and what’s unfolding is sickening.” It is also criminal!
When the forces of law and order reassert themselves, Elon Musk may become known as felon Musk. He is not a properly appointed federal official. He has no authority to send his wrecking crews into one agency after another, demanding private information about Americans, pushing people out, and shutting down operations.
Musk, whose next target is the federal auto safety agency that has been enforcing the safety laws against Tesla and has not surrendered its regulation of self-driving cars (Musk’s next big project). Musk refuses to disclose his sweetheart contracts with the federal agencies nor has he disclosed his tax returns. Demand them.
What is very clear in the first 20 days of Trump’s lawless madness is that he is moving fast for a police state along with deepening the corporate state with and for Big Business. His prime victims are not the vast military budget at the Department of Defense, nor the big budgets of the Spy Agencies or of Musk’s lucrative fiefdom – NASA, the Space Agency. No, like the bullies they are, Trump/Musk are smashing people’s programs. They hate Medicaid (provided to over 80 million Americans) or the food programs for millions of children. Crazed Trump is pushing to shut down many clean wind power projects and cut credits to homeowners installing solar panels while booming the omnicidal oil, gas, and coal industries. He wants many more giant exporting natural gas facilities near U.S. ports which could accidentally blow up entire cities.
Outlaws taking charge, driven by greed for the government’s honeypots of corporate welfare, and near-zero taxes for the rich and big corporations.
Musk’s poisoned Tusks have even reached Laos, Cambodia, and parts of Vietnam where mine-clearing efforts have been cut off. These are the U.S.’s Vietnam War era unexploded ordinances and bomblets that have killed tens of thousands of innocent residents, mostly children, in the past fifty years.
The Washington Post headline on February 6th, “Musk Team Taking Over Public Operations” understates the carnage. They are brazenly shutting down agencies, taking down thousands of government websites helpful to all Americans, and telling conscientious civil servants to obey or be driven out.
The Republicans in Congress, to their future shame and guilt, are surrendering their constitutional powers in the very branch of government our Founders assigned to check any rising monarchy in the White House.
The Democrats in the minority are just starting to protest, some in front of shuttered federal buildings. But they have not yet initiated unofficial public hearings in Congress to give voice to the surging anger of Americans (now flooding their switchboards) whose narrow majority of Trump voters are sensing betrayal big time. Demand unofficialhearings now! Federal judges are starting to uphold the violated laws.
The media, itself threatened by Trump’s attacks, censorship, and who knows what is next from this venomous liar (see the Washington Post’s Glen Kessler’s January 26, 2025 piece “The White House’s wildly inaccurate claims about USAID spending” or “Trump’s gusher of misleading economic statistics at Davos”) will cover protests and testimony by people all over the country. The rallies and marches have begun and will only get larger as Trump and Musk sink lower with their tyrannical abuses.
The career military does not relish the reckless buffoon that Trump put over them as Secretary of Defense. American business cannot tolerate the chaos, the uncertainty, the tumult. Thirty-nine million small businesses are already feeling the oncoming Trump tsunami.
Break with your routine, Americans. It’s your country they are seizing with this burgeoning coup. Take it back fast, is what our original patriots of 1776 would be saying.