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September 7, 2017 09:23 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/rRcoIpPxJOc/too-big-to-jail.html
Four years later, we learn why Jamie Dimon's JP Morgan Chase settled US fraud allegations for $13B
In 2013, DOJ lawyers showed JP Morgan Chase CEO Jamie Dimon a draft of a 92-page complaint against his bank. Dimon coughed up $13B to settle the case, and the complaint was sealed, leaving us all to wonder exactly what kind of red-handed fraud convinced Dimon to part with what was then the largest financial misconduct settlement in US history. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/rRcoIpPxJOc/too-big-to-jail.html
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