JPM in trouble

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  • JPM in trouble

    J.P. Morgan faces $2.2B bond fraud suit -- report (JPM) By Ruth Mantell

    SAN FRANCISCO (MarketWatch) -- J.P. Morgan Chase & Co. (JPM) faces a $2.2 billion civil racketeering suit claiming that it defrauded bond investors and others over more than 20 years, according to a Reuters report. The suit, filed Tuesday in New York, seeks class-action status, the report indicated. The report added that the suit accuses J.P. Morgan of deleting records for $46.8 billion of bonds that investors had not cashed in, covering up its errors, refusing to pay back bondholders, and collecting fees it did not deserve.
  • IIC
    Senior Member
    • Nov 2003
    • 14938

    #2
    Originally posted by DSteckler
    J.P. Morgan faces $2.2B bond fraud suit -- report (JPM) By Ruth Mantell

    SAN FRANCISCO (MarketWatch) -- J.P. Morgan Chase & Co. (JPM) faces a $2.2 billion civil racketeering suit claiming that it defrauded bond investors and others over more than 20 years, according to a Reuters report. The suit, filed Tuesday in New York, seeks class-action status, the report indicated. The report added that the suit accuses J.P. Morgan of deleting records for $46.8 billion of bonds that investors had not cashed in, covering up its errors, refusing to pay back bondholders, and collecting fees it did not deserve.

    Not a Big surprise on this end...They are all a bunch of crooks IMO

    BTW...Where's my ex on those Mr. M Master Market Google Ads???
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