Rotten Company

JPMorgan paid $920 million and admitted market manipulation schemes

Company: JPMorgan Chase & Co.

Summary

JPMorgan entered a deferred prosecution agreement and paid more than $920 million over schemes involving tens of thousands of unlawful precious-metals trades and thousands of unlawful U.S. Treasury trades. DOJ described years-long schemes to deceive market participants, and JPMorgan admitted responsibility for the conduct. Source: https://www.justice.gov/archives/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us