Links

Columnists



Site Search


Entire (RSS)
Comments (RSS)

Archive Calendar

December 2020
S M T W T F S
 12345
6789101112
13141516171819
20212223242526
2728293031  

Guides

How to Become a Bounty Hunter



Tag: trading loss

Taped Phone Calls Help FBI Build Case Against Traders for JPMorgan Chase

Steve Neavling
ticklethewire.com

 The FBI appears to be closing in on JPMorgan Chase traders in connection with a multibillion-dollar trading loss, the New York Times reports.

Using phone recordings turned over by JPMorgan, the FBI is focusing on at least four London-based traders who were responsible for the $6 billion loss, the Times reported.

Feds are trying to determine whether traders discussed how to influence market prices as their bets nosedived, according to the Times, citing officials briefed on the case.

Investigators also are examining whether records were falsified to hide the problems from JPMorgan executives in New York.