Wednesday, May 23, 2012

FBI Investigates JPMorgan Chase Trading Loss. Why?

Here is a Huffington Post piece from several days ago on the FBI probe of JPMorgan Chase's $2 billion trading loss. Can anybody tell me what the crime is here? Doesn't there have to be a potential crime before the FBI investigates? Can somebody please identify that potential crime? The probe is a farce, and the mainstream press's failure to ask the most obvious question is par for the course.

(wisenberg)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2012/05/doj-investigation-of-jpmorgan-chase-trading-loss.html

Investigations, Media | Permalink

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Comments

Securities fraud. By taking a public position different from the one it was taking with certain private investors based on non-public information. If it looks like a ham sandwich, and taste like a ham sandwich, it's probably traif.

Posted by: Jon May | May 24, 2012 2:47:13 AM

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