The Justice Department opened a criminal inquiry in May 2026 examining whether E. Jean Carroll committed perjury in a 2022 deposition by stating she received no outside funding for her civil lawsuits against President Trump, after disclosures showed support from Reid Hoffman’s nonprofit American Future Republic. U.S. Attorney Andrew Boutros for the Northern District of Illinois publicly denied that his office had opened or ever opened a case targeting Carroll herself, indicating any review centered on the nonprofit’s role and related financial matters rather than her directly. No federal charges have been filed. Separate civil appeals by Trump over the $5 million and $83.3 million judgments reached the Supreme Court, with one petition declined in June 2026. The probe’s status, any referral decisions, and potential prosecutorial priorities under the current administration remain the central variables for market resolution.