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Author Topic: 'Bout Time!!!! JPMorgan folks to be arrested!!  (Read 345 times)

Offline Bison66

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'Bout Time!!!! JPMorgan folks to be arrested!!
« on: August 09, 2013, 06:37:46 PM »
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Authorities Plan to Arrest 2 Former JPMorgan Employees

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BREAKING NEWS   Friday, August 9, 2013 5:59 PM EDT

Government authorities are planning to arrest two former JPMorgan Chase employees suspected of masking the size of a multibillion-dollar trading loss, a dramatic turn in a case that tarnished the reputation of the nation’s biggest bank and spotlighted the perils of Wall Street risk-taking.

The arrests are expected to take place in London as soon as next week, according to people briefed on the matter. The action, the people said, would come on the heels of a federal grand jury voting to indict the employees on criminal fraud charges.

The employees — Javier Martin-Artajo, a manager who oversaw the trading strategy from London, and Julien Grout, a low-level trader responsible for recording the value of the soured bets — could ultimately be extradited under an agreement with British authorities.
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Offline soflorattler

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Re: 'Bout Time!!!! JPMorgan folks to be arrested!!
« Reply #1 on: August 10, 2013, 03:54:59 AM »
 :clap: :clap: :clap:

It's a start...

Offline Bison66

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Re: 'Bout Time!!!! JPMorgan folks to be arrested!!
« Reply #2 on: October 28, 2013, 12:19:45 PM »
Wheels of justice turn slowly....

Spain Is Expected to Extradite Ex-Trader in JPMorgan Case

http://dealbook.nytimes.com/2013/10/01/spain-is-expected-to-extradite-ex-trader-in-jpmorgan-case/

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