JP Morgan Chase

JPMorgan Chase Fined $264 Million Violations of Foreign Corrupt Practices Act

Posted on by WhistleBlowerStaff
JP Morgan Chase Bank
JPMorgan Chase improperly hired the "unqualified" children of China's ruling elite to try to win lucrative business from the country's key decision makers, authorities alleged on Thursday. Regulators slapped JPMorgan (JPM) with $264 million in fines and said the bank "corruptly influenced government officials" with its hiring practices in China. The settlement ends a three-year investigation into JPMorgan and marks one of the first major crackdowns on a big U.S. bank for running afoul of t...
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JP Morgan whistleblower suit revived – U.S. appeals court 

Posted on by WhistleBlowerStaff
A federal appeals court revived a former JP Morgan Chase private banker’s whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client might be committing fraud. The U.S. Court of Appeals for the 2nd Circuit in New York found enough evidence to suggest that former JP Morgan employee Jennifer Sharkey had a “reasonable belief” that the client was engaged in fraud and money laundering involving Colombia. Sharkey said she was fired as a vice president a...
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