Tuesday, May 15, 2012

Justice Dept. launches criminal probe into JPMorgan’s $2B trading loss

The Justice Department has initiated a criminal probe into the $2 billion trading loss at JPMorgan Chase, according to a law enforcement source familiar with the situation.

The inquiry is at a very early stage, said the person, who spoke on condition of anonymity because the matter is private. It is unclear what laws may have been violated. Dean Boyd, a Justice spokesperson, declined to comment.
Read the rest here.

No comments: