JP Morgan Implicated in More Fraud

Stock and Bond Fraud, including Boiler Rooms / Pump and Dump Schemes, Mutual Fund & Hedge Fund Fraud, FOREX scams, plus Churning, Private Placements, Venture and Bridge Funding, IPOs, Viaticals Fraud, HYIP and Prime Bank scams, MTNs, Historical Notes, Recovery Schemes, etc. Includes the Jim Norman Project and the Michael Dotson Project and similar HYIP scams.
Number Six
Hereditary Margrave of Mooloosia
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JP Morgan Implicated in More Fraud

Post by Number Six »

http://dealbook.nytimes.com/2013/05/02/ ... tory-woes/

"Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers,” and that one of its most senior executives gave “false and misleading statements” under oath.

"The findings appear in a confidential government document, reviewed by The New York Times, that was sent to the bank in March, warning of a potential crackdown by the regulator of the nation’s energy markets."

Plus it looks like Blythe Masters, who has been written about before as one of the leading architects of credit default swaps, is one of the targets of the investigation for at least misleading investigators. Terms like "individually liable" and "systematic cover-up" are pretty scary when those involved see them naming them.
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)
Judge Roy Bean
Judge for the District of Quatloosia
Judge for the District of Quatloosia
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Re: JP Morgan Implicated in More Fraud

Post by Judge Roy Bean »

Number Six wrote:...
"The findings appear in a confidential government document, reviewed by The New York Times, that was sent to the bank in March, warning of a potential crackdown by the regulator of the nation’s energy markets."
Hey you, you've broken the law - now just between us, you shouldn't be doing that. :naughty:
Number Six wrote:... Plus it looks like Blythe Masters, who has been written about before as one of the leading architects of credit default swaps, is one of the targets of the investigation for at least misleading investigators. Terms like "individually liable" and "systematic cover-up" are pretty scary when those involved see them naming them.
To the protected class, those terms are pretty much part of doing business. :(
The Honorable Judge Roy Bean
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The Devil Makes Three
Number Six
Hereditary Margrave of Mooloosia
Posts: 1229
Joined: Fri Aug 29, 2008 6:35 pm
Location: Connecticut, "The Constitution State"

Re: JP Morgan Implicated in More Fraud

Post by Number Six »

The "Morgue" is up to $7 Billion in fines in the last couple of years: http://www.zerohedge.com/news/2013-07-3 ... -two-years
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)

'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)