DOJ and SEC Are Now Allegedly Protecting JPMorgan-Epstein Scandal
The DOJ and SEC are now allegedly protecting the JPMorgan-Epstein scandal according to Wall Street on Parade, who reports regulators have become far too lenient on such an important case.
“In much of the United States, if a person is convicted of a felony after conviction on two prior felonies, they receive a severe prison sentence. It’s known as the Three Strikes Law.
But if you are the largest bank in the United States, charged by the U.S. Department of Justice with five felony counts since 2014, along with other major crimes for which you are given a non-prosecution agreement, not only do you not get harsher treatment for each new criminal act, but you actually get two federal law enforcement agencies doing damage control for you,” says the publisher.
In June, the bank permanently deleted a whopping 47 million emails, many of which were business records that the U.S bank was required under SEC rules to keep for three years.
JPMorgan, which is based in New York, did not admit or deny wrongdoing in agreeing to the civil settlement of only $4 million.
“Despite the unprecedented criminal history of this bank – which garnered it a comparison to the Gambino crime family in a book by two trial lawyers – the SEC imposed a minor fine of $4 million for disappearing 47 million emails. That’s 8.5 cents for each permanently destroyed email that might have brought more criminal charges against the bank.
Making the SEC look like a complete patsy for JPMorgan Chase and its Chairman and CEO, Jamie Dimon, the SEC did not issue its customary press release for this settlement agreement. We checked the listing of press releases issued in June and there was nothing about this 47 million email disappearance.
We contacted the SEC and inquired if, indeed, they had failed to issue a press release. The SEC confirmed that no press release had been issued. We sent a new email asking why the SEC has skipped the customary press release. We heard nothing further,” reports WoP.
Also Read: US Bank is Now Preventing Customers From Withdrawing Money
Virgin Islands Scrutinizes JPMorgan for Epstein Negligence
According to WoP, federal regulators are not the only parties that needed the information from those 47 million emails at JPMorgan Chase.
“The Attorney General of the U.S. Virgin Islands has been taking discovery in federal court for months, with demands for emails and other documents, in its lawsuit charging the bank with “actively participating” in the sex trafficking of minors with Jeffrey Epstein.
The U.S. Virgin Islands has produced evidence that the bank facilitated 9,000 financial transactions totaling more than $2.4 billion for Epstein in his accounts at the bank, which allowed him to pay off his victims, procurers and other accomplices for more than a decade.
According to the U.S. Virgin Islands, JPMorgan Chase also failed to file the legally-mandated Suspicious Activity Reports (SARs) as Epstein pulled hundreds of thousands of dollars in hard cash from his accounts, year after year. (JPMorgan Chase’s first two felony counts in 2014 resulted from laundering money for Ponzi mastermind Bernie Madoff and failing to file Suspicious Activity Reports in the U.S. — despite telling U.K. regulators that Madoff might be running a Ponzi scheme.)
The absence of the customary press release in June from the SEC is reminiscent of what the DOJ did in 2020 when JPMorgan Chase notched its fourth and fifth felony count in its belt.
What the DOJ charged the bank with that day was absolutely stunning and should have made bold, front page headlines in newspapers across America. By skipping the press conference and the clever timing on the eve of the presidential debate, the DOJ minimized attention from the public and the press.
It has become crystal clear that neither the SEC nor the DOJ can effectively deal with the crime wave at JPMorgan Chase. Each American must call their Senators today and demand the appointment of a Special Counsel to investigate and prosecute this bank, starting with its facilitation of the sex trafficking of children. You can reach your Senators through the Capitol Switchboard at phone number (202) 224-3121.”
Also Read: JPMorgan Is Freezing Customer Bank Accounts in New Scandal
Market News Published Daily 📰
Join the newsletter ⬅️ to receive daily stock market news, business news and updates straight to your inbox; more than 10,000 readers have joined!
THANK YOU to all of our blog sponsors, this year we’ve been able to increase our email sends and signup slots as well as introduce push notifications.
Franknez.com is the media site that keeps retail investors informed.
You can also follow Frank Nez on Twitter, Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Become a Sponsor for only $1/mo.
- Gain access to EXCLUSIVE FrankNez articles you won’t find here.
- Become part of a private and safe Discord community, just for retail investors.
- Get drawn at the end of the year for holiday giveaways.
Recommended For You ✨
Comments are closed.
Leave your thoughts below!