So far this year SDNY, which is now led by former Apollo Global Management chair Jay Clayton, has brought fewer criminal cases than at any time in at least a decade and the pace of its public announcements has slowed significantly.
This account of its operations is based on conversations with more than two dozen current and former SDNY prosecutors, criminal defence lawyers and others affected by its cases, and data analysis by the FT.
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The workings of SDNY are an important window into the functioning of the US judicial system in Trump’s second term. Given the high-profile cases it takes on, SDNY will be a vital test of the level of political interference from the administration into prosecutions.
They also provide a barometer for the enforcement of white-collar crime — an area where SDNY plays a vital international role given how much of global finance flows through its territory.
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