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Despite Pandemic, DOJ’s Fraud Section Weathers 2020 Storm

Law360

01 Mar 2021

James Koukios spoke to Law360 about the U.S. Department of Justice’s Fraud Section year-in-review report that showed a downward trend of individual prosecutions 2020 amid the COVID-19 pandemic, the section’s strong performance on corporate resolutions and other metrics bodes well for white collar enforcement going forward.

According to James, the relative stability of the Foreign Corrupt Practice Act (FCPA) unit’s results for the past two years isn’t surprising given that such cases tend to be long-term affairs, taking an average of three to four years to resolve. He said the question is whether or not the Fraud Section’s corporate cases will be impacted by the pandemic in the future.

“We may see a down year this year or the year after, because those cases that were resolved in 2020, [the Fraud Section] had been working on those for years,” James said. “I do have a feeling that even the corporate side was eventually impacted by the pandemic, in terms of generating new corporate cases.”

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