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There has justifiably been much attention paid to Donald Trump’s personal corruption: cutting sleazy crypto deals, trading stocks in companies affected by his administration’s decisions, doling out pardons to fraudsters who make hefty donations to his political organizations, and so much more. But what’s even more significant is how Trump is perverting the federal government to allow wealthy individuals and corporations engaged in crooked conduct to escape scrutiny, prosecution, and punishment. Corporate scumbags and felonious plutocrats have never had it so good.

The Trump administration has taken steps to make sure that the United States is a safe space for money launderers, drug cartels, and international financial rogues.

At the Securities and Exchange Commission, enforcement actions have fallen precipitously, and the commission ended several high-profile cryptocurrency inquires that involved Binance, Coinbase, and other firms. The workforce for the SEC’s enforcement division was cut by a fifth last year, with many experienced attorneys and accountants given the boot. The IRS, too, has been hammered by layoffs, and the number of audits of people with $10 million or more in income dropped by two-thirds from 6,786 in 2025 to 2,264 in 2026. With new priorities established at the Justice Department—such as essentially shutting down the pursuit of cases under the Foreign Corrupt Practices Act—the number of white-collar prosecutions has fallen to its lowest level in at least 40 years, according to the Financial Times.

But beyond this, the Trump administration has taken steps to make sure that the United States is a safe space for money launderers, drug cartels, and international financial rogues. Who says so? The US Government Accountability Office. It recently released a report assessing Trump’s decision to loosen reporting requirements for shell companies. These are corporations that can have legitimate uses but are also set up so........

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