In April 2011, he and a colleague won the Pulitzer Prize for national reporting for a series of stories on questionable Wall Street practices that helped make the financial crisis the worst since the Great Depression. He was the lead reporter on the “Secret IRS Files” series that exposed the tax avoidance strategies of the ultrawealthy. The series won several prizes, including the Selden Ring in 2022. He also won the 2015 Gerald Loeb Award for commentary.
He was the editor on the “Friends of the Court” series, which revealed how a small group of politically influential billionaires wooed justices with lavish gifts and travel; it won the Pulitzer Prize for public service in 2024.
He serves on the advisory board of the University of California, Berkeley’s Financial Fraud Institute. And he was a consultant on season 3 of the HBO series “Succession.”
His work has appeared in The New York Times, The Atlantic, NewYorker.com, The Washington Post, The Baffler and The American Prospect and on NPR and “This American Life.” Before joining ProPublica, he was the Wall Street editor of Conde Nast Portfolio and a columnist for The Wall Street Journal, covering markets and finance.
He lives in Brooklyn with his wife, the journalist Sarah Ellison, and their daughters.
Colleagues say Marc Kasowitz, President Trump’s attorney on the Russia investigation, has struggled with alcohol abuse and engaged in behavior that left employees uncomfortable.
A consumer watchdog agency is following up on ProPublica’s reports that the scandal-ridden bank improperly charged fees to customers from Los Angeles to Oregon. Meanwhile, the bank is conducting its own inquiry.
The prominent U.S. attorney fired by Donald Trump this weekend has been justly acclaimed for his pursuit of political corruption. But his treatment of the Wall Street executives involved in the financial meltdown was far less confrontational.
In one of his first acts, the president put dozens of pending regulations on hold that affect everything from train safety to drone flight paths. His administration is unlikely ever to enact them.
The bank is investigating a ProPublica report that its Los Angeles region improperly charged customers for delays that were its own fault. The problem extends beyond Los Angeles County, current and former employees now say.
Deutsche Bank is Trump’s largest lender. While the troubled bank has settled several of the charges against it, it’s still undergoing scrutiny by the Justice Department and other federal regulators, and is being overseen by six independent monitors, making conflicts of interest inescapable.
Four former employees say that Wells Fargo made clients in its Los Angeles region pay for missing deadlines to lock in interest rates on loans, even though the delays were the bank’s fault.
The island’s new governor, who’s considered sympathetic to hedge funds and insurers that want it to repay its debt rather than go bankrupt, is in talks to hire Trump’s former campaign manager.
When Steven Mnuchin ran OneWest, the bank aggressively and in some cases, wrongly, foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures.
The economists are leveraging their academic prestige with secret reports justifying corporate concentration. Their predictions are often wrong and consumers pay the price.
Gene Sperling received hundreds of thousands of dollars in personal loans from Howard Shapiro, a friend and partner at Washington law firm WilmerHale while serving as director of the National Economic Council.
Prosecutors are challenging an appeals court ruling that said the lending company could not be charged with fraud as long as its initial intentions were pure.
A federal appeals court overturned a $1.3 billion judgement against Bank of America, ruling that good intentions at the outset shield bankers from fines for subsequent fraud.
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