Ron Burgundy Posted August 14, 2013 Share Posted August 14, 2013 By Emily Flitter NEW YORK (Reuters) - Federal prosecutors in Manhattan on Wednesday criminally charged two former JPMorgan Chase & Co employees with wire fraud and a conspiracy to falsify books and records related to the bank's $6.2 billion trading losses last year, according to court papers. The charges, the first to arise from the "London Whale" trading scandal, say the two employees, Julien Grout and Javier Martin-Artajo, had deliberately tried to hide hundreds of millions of dollars in losses on trades in a portfolio of synthetic credit derivatives. ... View the full article Quote Link to comment Share on other sites More sharing options...
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