Democratic Congressman Jamie Raskin has launched a sharp attack on President Donald Trump’s administration, accusing it of being “pro-fraud.” His remarks intensify the political battle over accountability, alleged misconduct, and the administration’s policies.
#JamieRaskin #DonaldTrump #TrumpAdministration #ProFraud #USPolitics #Democrats #PoliticalAccountability
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#JamieRaskin #DonaldTrump #TrumpAdministration #ProFraud #USPolitics #Democrats #PoliticalAccountability
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NewsTranscript
00:00This is, alas, the most pro-fraud administration in American history.
00:06So we learned just before coming down to the floor that votes have been cancelled for tomorrow suddenly.
00:12No public explanation has been offered by the Speaker, but they're certainly saying in the cloak rooms
00:18that the last-minute cancellation of one of only three eight-hour days we were scheduled to work this week
00:25was due to Congressman Massey's filing of a detailed and compelling impeachment resolution
00:33against Secretary Pete Hegseth.
00:37And he introduced the resolution asserting that there were multiple high crimes and misdemeanors
00:45that have been committed by Secretary Hegseth, including violations of the War Powers Act,
00:53ignoring laws requiring the minimization of civilian casualties, engaging in extrajudicial killings,
01:01violating the speech rights of members of the armed services, and more.
01:07And at least Republican Thomas Massey's suggestion is that they were unwilling to confront his impeachment resolution,
01:18and there was such division on that side of the aisle that they decided simply to call it quits
01:23after only two full days of work, this to be followed, of course, by two months of us being away
01:32from Washington.
01:34At least some explanation should be offered to us for why yet another day of work has been cancelled.
01:42But in any event, as a gesture of good faith and mercy for our colleagues,
01:49a political party whose members are fleeing the nation's capital like residents of South Vietnam
01:57on the roof of the embassy in Saigon at the end of the Vietnam War,
02:02I will rise in tepid support of this bill, codifying, simply codifying,
02:08the National Fraud Enforcement Division, which the Department of Justice has already established by regulation.
02:15And, of course, the Criminal Division of the Department of Justice has had a fraud section for more than 70
02:21years now.
02:22So this is hardly some kind of great breakthrough in law enforcement or criminal justice.
02:27But it is perhaps the least offensive piece of legislative flotsam and jetsam
02:32that has washed ashore in the last 48 hours of Republican chaos and retreat here in the House of Representatives.
02:39An initial version of the bill actually required the division to do something,
02:44to, quote, investigate, prosecute, and remedy fraud.
02:48But they took that out.
02:49It seems our colleagues decided even that modest demand for action went too far, and so it was dropped.
02:55And no wonder they got cold feet.
02:58This is, alas, the most pro-fraud administration in American history.
03:04Nothing comes close.
03:05When this 34 felony count president took office, and that's felony count of fraud,
03:12he immediately fired and demoted 20 inspectors general who had rooted out billions of dollars
03:18in waste, corruption, fraud, and abuse.
03:21He dismantled and gutted the parts of the federal government most seriously engaged
03:26in investigating and prosecuting fraud.
03:29The Consumer Financial Protection Bureau, which has saved American taxpayers tens of billions of dollars
03:36from fraud.
03:37The 40-lawyer public integrity section of the Department of Justice, which was reduced to two lawyers.
03:44And the well-regarded tax division at the Department of Justice, which was completely wiped out.
03:51By the administration.
03:53They have eliminated expert FBI squads, like CR-15, that handled complex corruption investigations
04:00around the country.
04:03Amazingly, President Trump halted all enforcement of the Foreign Corrupt Practices Act upon taking office.
04:11They said that they were not going to enforce it anymore.
04:14As the Wall Street Journal has reported, the Department of Justice is pulling back not just on prosecuting
04:20fraud, but corporate crime of all kinds.
04:24In the first six months after taking office, the Trump DOJ dropped over 23,000 criminal investigations,
04:33including one in Tennessee into criminal fraud at a national hospital chain and one of the largest
04:39Medicaid managed care companies, another an investigation into a Virginia nursing home with a documented record of fraud
04:47and patient abuse, probes of criminal fraud involving several New Jersey labor unions, including one opened after a top
04:54official of a union was accused of embezzling the members' money, and an investigation into a
05:00cryptocurrency company suspected of cheating thousands of investors.
05:05And it's not just the DOJ, at the SEC, enforcement actions in 2025 hit a 20-year low and corporate
05:12disgorgement plummeted by a whopping 98%.
05:17Following a wave of political donations to the President's inaugural committees, the SEC closed or
05:24dismissed high-profile fraud and registration investigations into numerous crypto platforms like Coinbase,
05:32Gemini, Binance, and Kraken.
05:35Every administration chooses its priorities.
05:37This is the first one that has made not prosecuting white-collar fraudsters, corporate crooks, corrupt
05:45politicians, and international tax cheats and narco traffickers a number one priority.
05:52And let me give you an example of the kind of people benefiting from the pro-corruption policies of the
05:57administration.
05:57After a lengthy investigation, the Indian billionaire Gautam Adani and other executives from the Adani group were indicted in 2024
06:06after a years-long investigation for perpetrating a $265 million bribery scheme in a multi-billion dollar fraud scheme against
06:17U.S. investors, as well as obstructing investigations by the FBI, the SEC, and a federal grand jury.
06:23The investigation was led in part by the foreign corrupt practices unit that Trump, of course, dissolved upon taking office.
06:30Then Adani started flattering the President on Twitter and promised big investments.
06:36Suddenly, DOJ dropped the entire indictment.
06:41And for those fraudsters who have already been convicted, they have nothing to fear themselves.
06:48And they were convicted, I should say, by a Department of Justice that once believed in the rule of law.
06:54Why have they nothing to fear?
06:56Because this president has a pardon waiting for you if the price is right.
07:01For the low, low price of just a few hundred thousand dollars, or maybe three million if your crime was
07:06really bad, or you don't know anybody in the Trump circle so well.
07:09You can get a presidential pardon, and you can get all the fines and restitution payments wiped out that you
07:16still owe to the victims and the taxpayers.
07:19President Trump's indiscriminate pardoning of not just convicted cop assaulters right here in this building from January 6, 2021,
07:27but convicted white-collar fraudsters has allowed white-collar criminals to hold onto, check this one out, over $1.7
07:37billion that they owed, legally owed, to the employees, consumers, investors, and taxpayers that they had built through their various
07:47fraudulent schemes.
07:48Take another example.
07:51This guy is Trevor Milton, the disgraced former CEO of Nikola, who preyed on vulnerable retail investors,
07:59including people who had turned to trading in the market after losing income during COVID-19.
08:05Milton repeatedly claimed that his company had built a prototype of a hydrogen-powered semi-truck that fully functions and
08:15works, which is really incredible, he advertised.
08:17Well, that was a total lie.
08:19His product did not work.
08:21A video he put on Twitter of his truck driving down the street on a flat road, in fact, turned
08:28out to be a truck that was towed to the top of the hill,
08:33at which point the driver released the brakes and the truck rolled down the hill.
08:37That was how they got their truck to apparently work, so they could advertise it and bilk money out of
08:43the investors.
08:43Well, after years-long investigation, the Department of Justice prosecuted him and convicted him before a jury of his peers.
08:52He was sentenced to four years in prison for his fraud, stealing people's money.
08:57And prosecutors insisted that he pay back the defrauded investors nearly $700 million in restitution he'd stolen from them.
09:05In many cases, his victims had lost their entire retirement savings.
09:10But before restitution could be paid or even ordered, Milton got a surprise pardon from President Trump.
09:19Well, how did that happen?
09:21Well, it was classic Pardons, Inc., the name of the report we have describing dozens of cases like this, the
09:29Democrats on the Judiciary Committee.
09:30And what happens in Pardons, Inc., the new cash-for-clemency racket?
09:34Well, in the weeks before the 2024 election, Milton and his wife donated over $1.8 million to political committees
09:43supporting the campaign of Donald Trump,
09:46including $920,000 reported to the Trump 47 Committee in October of 2024 and $750,000, three-quarters of a
09:57million dollars in September 2024 to the Maha Alliance Super PAC affiliated with the now Secretary of HHS, Robert F.
10:07Kennedy Jr.
10:08Milton also shrewdly hired two attorneys with direct ties to the president.
10:13Then Brad Bondi, the brother of the disgraced former attorney general, Pam Bondi, forced out by Trump after she brought
10:22embarrassment to the administration,
10:24and Mark Mukasey, longtime attorney for both Eric Trump and the Trump Organization.
10:28In March of 2025, two weeks after prosecutors filed their $695.2 million restitution calculation and report,
10:39the president called Milton personally to inform him of a full and unconditional pardon,
10:47and his decision, moreover, to wipe out any obligation he had to repay his victims.
10:53A direct transfer of money from the victims of white-collar fraud back to the criminal himself.
11:02President Trump even invoked the $750,000 contribution to RFK, his pal in the cabinet now, telling Milton to call
11:12Bobby and thank him too.
11:15Now, fresh off of his pardon, Milton is back at it.
11:18He has joined an exclusive group of post-pardon businessmen, seemingly empowered, even sainted by Trump's pardon and favor.
11:27Quote,
11:28I walk into meetings now, and I'll get high fives from the wealthiest people in the world, he said.
11:34They're like, welcome to the club. You can withstand the fire. We can trust you now.
11:39His new venture, Cyberjet, which he claims will transform flying, is seeking to raise a billion dollars from investors.
11:47Americans, beware.
11:49Another pardon Trump criminal on the loose today, like Andrew Paul Johnson.
11:54You remember him, the insurrectionist who stormed the Capitol who Trump pardoned, without looking at any of the specifics of
12:02his case,
12:03and went back out and just two months later went and sexually assaulted two 12-year-olds, one boy and
12:11one girl,
12:12and then tried to bribe them into silence, saying he was going to get his payoff from, well, you remember
12:19Attorney General Todd Blanche's plan for the $1.776 billion political slush fund to pay off the insurrectionist.
12:27He said, I'll give you guys that money.
12:28Luckily, the children told their families, the families told the police,
12:32and Andrew Paul Johnson was just prosecuted and convicted and sentenced to jail for life.
12:38And yet, the lives of those two 12-year-olds are irrevocably altered by the fact that Donald Trump let
12:46him out of prison,
12:48let Andrew Paul Johnson walk free to go and commit another crime.
12:53Dozens and dozens of people like that.
12:55Home invasion, domestic violence, sexual assault, threatening the life of an FBI agent.
13:04All of them just let free en masse as Donald Trump dismantled the U.S. Parliament Attorney's Office
13:09and instead made this an operation out of his back pocket in the White House.
13:14We are seeing unprecedented grift.
13:17Corruption and fraud go unpunished in this administration and criminals being let free.
13:22But if the majority thinks it's important to freeze in a place the name of the National Fraud Enforcement Division,
13:29great, maybe we can use that to actually go after all of the fraud and corruption that we're seeing in
13:34this administration.
13:36I reserve.
13:37Gentleman reserves.
13:38The gentleman from New Jersey recognized.
13:40Madam Speaker, just a few thoughts to you.
13:44I enjoy the gentleman on the other side of the aisle.
13:48He is a very able speaker.
13:50He's articulate and he's eloquent, but he's losing the point here.
13:55And I say this because we are here to focus on a piece of legislation.
14:00I have the honor of being on the Judiciary Committee, and often it occurs there, too,
14:06where we get into a political diatribe, a political discussion.
14:11This today, right now, the conversation we are having here in this formal sense on the House of the floor
14:17of the United States government.
14:20This conversation is about a piece of legislation.
14:23It's about a piece of legislation that we want to be enacted into law.
14:28It's not a partisan initiative.
14:30It's a permanent, nonpartisan commitment that we do something better.
14:36Because the people who are listening here, Madam Speaker, the people who are watching, they're getting tired of it.
14:43They're getting tired of all the money that has been wasted.
14:46And to try to pretend that just a few years ago, a couple of years ago, everything was perfect, everything
14:52was taken care of, and that there was no corruption, we know better.
14:56There has been a great deal of abuse in many of these programs in the federal government.
15:03And it's wrong.
15:04It's wrong because people work too hard and they work too much to have to put up with that.
15:11And it's wrong because it just is something that shouldn't be in modern America.
15:20It's wrong because we can do better than that.
15:23And it's finally wrong because it's hurting the very people that depend on those programs that supposedly everybody cares about
15:31so much.
15:32So when fraudsters and crooks and corrupt individuals rape these systems, it hurts everyone.
15:39And it hurts especially the most vulnerable.
15:42So I take issue with that.
15:44I would love, Madam Speaker, if we could stick to this legislation and do the good work of government.
15:50It's not about Donald Trump.
15:52It's not about Pete Hegseth.
15:54It's not about Tom Massey.
15:57It's not about a political debate.
15:58This is government now, and we should stick to doing the work of government and trying to help our people.
16:06With that, Madam Speaker, I yield two minutes to the gentlelady from California, Ms. Kim.
16:12The gentlelady from California is recognized for two minutes.
16:15Thank you very much.
16:18Mrs. Speaker, I'm proud to stand today in strong support of the National Fraud Enforcement Division Act.
16:26In California, we've lost at least $180 billion to fraud across state programs.
16:34That is money meant for our seniors, veterans, families, and students in need, not criminals gaming the system.
16:43Under Vice President Vance's anti-fraud task force, we have made real progress, uncovering more than $245 billion in fraud
16:54across the nation
16:55and sending fraudsters a very clear message.
16:59Their days stealing from Americans with impunity are over.
17:04For too long, our federal response to fraud has been fragmented and disorganized, with no central office leading the charge.
17:14This bill brings everything together.
17:17So we have one goal, one game plan, and one team reading from the same playbook.
17:25I've been working to better coordinate our federal response to fraud with my No More Scams Act,
17:31and I'm proud to support this ironclad effort to hold these criminals accountable.
17:37Americans work hard for every dollar they earn.
17:41The least they deserve is a government that fights just as hard to protect their taxpayer dollars.
17:48With that, thank you, and I yield back.
17:52Gentlemen, reserves.
17:53I reserve.
17:53Gentleman from Maryland is recognized.
17:55Thank you, Madam Speaker.
17:57My friend from New Jersey invoked fraudsters, crooks, and corrupt individuals.
18:02The problem is you can put whatever name you want over the door,
18:06but if the Department of Justice is not actually prosecuting these people,
18:10then we're not ferreting out the fraud.
18:13So look at some of the cases that have been dropped by the Department of Justice
18:17under the various people that have been presiding over the DOJ.
18:23Take Eric Adams.
18:24Now, he was the Democratic mayor of New York.
18:28Maybe my colleague would like to hear about this.
18:30He was indicted in September 2024 for bribery and wire fraud over luxury travel and illegal foreign campaign contributions he
18:40recruited.
18:41After President Trump took office, then-acting Deputy Attorney General Emile Beauvais ordered that the case be dropped after Eric
18:49Adams aligned himself with Trump with a memo from Beauvais stating that the decision was made without regard to the
18:56strength of the case.
18:56You will all recall that the administration's own appointed United States attorney in New York quit along with five other
19:06lawyers in our office because they thought it was so outrageous that the Department of Justice would dismiss these charges
19:12for political reason.
19:14In fact, the grand jury had already handed down the indictment and they had to go and beg the judge
19:19to revoke the whole indictment and to quash it after it was very clear that there was probable cause that
19:26fraud had taken place.
19:28Here's another example.
19:29Here's another example.
19:30Tom Homan, who accepted $50,000 from an undercover FBI agent posing to buy access to government contracts in the
19:38coming Trump administration.
19:39He got that in a Cava bag, $50,000.
19:44Despite knowledge of the investigation, President Trump appointed Homan to be the border czar on January 20th, 2025, and soon
19:52after Trump's second term, then-acting Deputy AG Emil Beauvais shut down the investigation.
19:58We still don't know.
20:00Was that a $50,000 cash bribe or was he just holding the money?
20:05Did he declare that money on his taxes?
20:07We've got no idea what happened.
20:10Why isn't the Department of Justice looking into that?
20:13Case after case, Justin Sun.
20:15In 2023, the SEC charged Sun for fraudulently manipulating the secondary market of a cryptocurrency.
20:22After the election, 2024 election, Sun invested $75 million into World Liberty Financial, the president's family's own crypto company.
20:34And he became one of the largest known holders of Trump's meme coin.
20:39He attended a private reception and dinner with President Trump.
20:43And then, suddenly, what do you know, the SEC dropped all the charges and moved to a settlement with Sun
20:50paying a mere $10 million penalty.
20:54And on and on.
20:56Case after case dropped.
20:57We've seen what they've done with respect to the Epstein file.
21:01The Department of Justice leading the cover-up, doing everything that they can to blockade the release of the materials
21:07mandated by the United States Congress in the Epstein Files Transparency Act.
21:12And so, the Department of Justice is not acting to ferret out and prosecute fraud.
21:17It is covering it up.
21:19And I'm sorry, you might have political sympathies with the people that they are covering up for, but that's not
21:25how the rule of law works.
21:27The rule of law should be objectively rendered, and if people violate the law, they should not be freed, the
21:36charges should not be dropped, the indictments should not be quashed, or they should not be pardoned, simply because they're
21:43friends with people in the right place.
21:44America sees what's going on.
21:46That's not justice.
21:48I reserve.