Ex-JPMorgan employees charged in N.Y. in $6B loss PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 14 August 2013 10:12

NEW YORK (AP) — Two former JPMorgan Chase & Co. employees have been charged in New York with trying to conceal the size of the investment bank's $6 billion trading loss last year.

Javier Martin-Artajo and Julien Grout were charged with conspiracy to falsify books and records, commit wire fraud and falsify Securities and Exchange Commission filings. The charges were unsealed Wednesday in federal court in Manhattan.

Martin-Artajo supervised JPMorgan's trading strategy in London. Grout recorded the value of the bad investments.

The trading loss in 2012 raised fresh questions as to whether Wall Street banks had learned their lessons from the financial crisis of 2008.

Federal prosecutors planned a news conference to discuss the case.

Copyright 2013 The Associated Press.


Front Page Stories

Perrysburg Twp. Man Sentenced to 22 Years for Rape
07/24/2014 | Sentinel-Tribune Staff

A Perrysburg Township man was senteced to more than 22 years in prison after being found guilty Thur [ ... ]

Vigil set for BGSU student
07/24/2014 | Associated Press

CLEVELAND (AP) — A vigil for a Bowling Green State University student who was found dead in Lorain [ ... ]

Other Front Page Articles