U.S. Said to Plan Charges Against Ex-JPMorgan Employees
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The U.S. may announce charges as early as this week against former London-based JPMorgan Chase & Co. employees related to allegations they tried to conceal losses last year, a person familiar with the matter said.
The situation remains fluid and it isn’t clear who may be charged, said the person, who requested anonymity because the information wasn’t public. Those facing U.S. charges include Javier Martin-Artajo, a former executive who oversaw the trading strategy, and Julien Grout, a trader who worked for him, the New York Times reported Aug. 9. Prosecutors also are weighing penalties for the bank, including a fine and a reprimand, the newspaper said in a subsequent report.