A prosecutor handling the case conceded at a closed-door court hearing in March that the government hadn’t yet found any evidence of a #crime, & a judge subsequently quashed subpoenas issued to the #FederalReserve. The judge, James #Boasberg, said prosecutors had produced “essentially zero evidence” to suspect Powell of a crime. Boasberg said prosecutors’ justification for the subpoenas as “thin & unsubstantiated.”
lol
#DOJ drops criminal probe of #FederalReserve chair #JeromePowell
#USAttorney for DC #JeanninePirro said Friday that her office was ending its probe into the Fed’s building renovations because the Fed’s IG would scrutinize them instead.
The decision ends an investigation, one of several into #Trump’s perceived adversaries, that for months had failed to gain traction as prosecutors struggled to articulate a basis to suspect #criminal conduct.
#law
https://apnews.com/article/federal-reserve-investigation-powell-justice-department-28d04cc0d99cda25cea69931f65e25d3
A prosecutor handling the case conceded at a closed-door court hearing in March that the government hadn’t yet found any evidence of a #crime, & a judge subsequently quashed subpoenas issued to the #FederalReserve. The judge, James #Boasberg, said prosecutors had produced “essentially zero evidence” to suspect Powell of a crime. Boasberg said prosecutors’ justification for the subpoenas as “thin & unsubstantiated.”