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.

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