Two Banksters Charged ... Finally
Sunday, August 25, 2013, 12:56 am
Doing What's Right!
JP Morgan employees in deep trouble
U.S. officials on Wednesday lodged criminal charges against two former JPMorgan Chase employees accused of concealing hundreds of millions of dollars in trading losses in an episode that cast a sour light
on the bank’s high-risk investments.
Javier Martin-Artajo and Julien Grout were charged with wire fraud, filing false information with the SEC
and other crimes that were part of an alleged conspiracy to hide mounting trading losses on derivatives
investments assembled in the bank’s London office.
Losses stemming from that unit eventually topped $6 billion
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