Feds target U.S. companies caught in lucrative shark fin trade

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A spate of recent criminal indictments highlights how U.S. companies, taking advantage of a patchwork of federal and state laws, are supplying a market for fins that activists say is as reprehensible as the now-illegal trade in elephant ivory once was.

A federal judge has thrown out a host of actions by the Trump administration to roll back protections for endangered or threatened species.revealed what it said is evidence of the deliberate targeting of juvenile blue sharks by fishing fleets from Spain and Portugal. The report found that the U.S. is the world’s fourth-largest shark exporter behind Spain, China and Portugal, with exports of 3.2 million kilograms of meat — but not fins — worth over $11 million in 2020.

She said the current laws aren’t enough of a deterrent in an industry where bad actors drawn by the promise of huge profits are a recurrent problem. “This operation is about much more than disrupting the despicable practice of hacking the fins off sharks and leaving them to drown in the sea to create a bowl of soup,” Bobby Christine, then U.S. Attorney for the Southern District of Georgia, said at the time.

“In the process, they are seeking to tarnish Mark’s reputation and deal a blow to the American shark fishery,” according to the website, which was taken down after the AP started making inquiries.

 

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