Former JPMorgan Chase Bankers Charged by Feds

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Aug. 14 (Bloomberg) -- Two former JPMorgan Chase employees were charged by U.S. prosecutors with conspiracy, wire fraud and attempting to conceal a $6.2 billion loss on derivatives bets. Su Keenan reports on Bloomberg Television’s “Money Moves.” (Source: Bloomberg)

A, javier martin-artajo and julianen grout are charged with trying to hide the loss.

Jamie dimon has called the lost the most embarrassing situation.

The board cut his pay and an sec settlement is pending.

Top executives have been ousted.

One of them is caught on tape saying, i cannot keep this going.

He says -- the senate panel concluded that javier martin-artajo pressured julien grout and another to make the loss look smaller.

Jpmorgan chase really never posted a loss.

Shareholders will not aware.

The whale is now helping the government to make their case so that the defense could have a challenge.

Thank you very much.

This text has been automatically generated. It may not be 100% accurate.


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