The Justice Department reportedly opened a criminal probe in late May 2026 into whether E. Jean Carroll committed perjury during her civil testimony about outside funding for her lawsuits against President Trump, with attention on a Reid Hoffman-linked nonprofit. The U.S. Attorney for the Northern District of Illinois promptly and publicly denied that his office had initiated any such investigation into Carroll. No federal charges have been filed, and the civil verdicts—totaling roughly $88 million—were finalized after the Supreme Court declined Trump’s appeals and he withdrew his remaining challenges in September 2026. With limited public updates since the initial reports and denial, traders assess prospects for an indictment by December 31, 2026, against a backdrop of procedural hurdles and the absence of confirmed new developments.