JP Morgan pays $2 billion to avoid prosecution for its involvement in Madoff ponzi scheme
2014 01 07
Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes.
So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution.
While this may sound like a lot of money, it is spare sofa change for a big bank like JP Morgan.
It’s not just the Madoff scheme.
As shown below, the big banks – including JP Morgan – are manipulating virtually every market – both in the financial sector and the real economy – and breaking virtually every law on the books.
Here are just some of the recent improprieties by big banks:
Laundering money for terrorists (the HSBC employee who blew the whistle on the banks’ money laundering for terrorists and drug cartels says that the giant bank is still laundering money, saying: “The public needs to know that money is still being funneled through HSBC to directly buy guns and bullets to kill our soldiers …. Banks financing … terrorists affects every single American.” He also said: “It is disgusting that our banks are STILL financing terror on 9/11 2013“ [...]
Read the full article at: intellihub.com
Davos: CEO of JPMorgan says you don’t need to know how banking works, it’s too complex to explain, just shut up and pay us.
Largest US bank, JPMorgan Chase, says it lost $2 billion in risky trades
JP Morgan Chase Donates $4.6 Million To NYPD On Eve Of Protests
Morgan Stanley Defaulted on a Loanin Tokyo. Biggest Default in Japan’s History: 3.3 Billion
Independent Metals Trader Andrew Maguire Exposes Systemic Fraud by CFTC & JPMorgan
Swedish banks in nuclear weapons ’hall of shame’
The Federal Reserve says too-big-to-fail banks are crony capitalists
Iceland President: Let Banks Go Bankrupt
Government by the Banks, for the Banks: The ESM Coup D’Etat in Europe
Madoff: Government a Ponzi scheme
Whistleblower: Pursuit of Madoff Was a ’Death Sentence’
Why aren’t the Wall Street criminals prosecuted?
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