JP Morgan Isn’t a “Bank”, It is a Criminal Syndicate

Source: Zero Hedge

After Slamming Bitcoin As A Money Laundering Tool, JPMorgan Busted For Money Laundering

by Tyler Durden • Nov 17, 2017 5:17 AM

Score one for the poetic irony pages.

Two months after JPMorgan CEO Jamie Dimon lashed out at bitcoin, calling it a “fraud” which is “worse than tulip bulbs, warning it won’t end well”, will “blow up” and “someone is going to get killed” and threatened that “any trader trading bitcoin” will be “fired for being stupid” as it was merely a tool for money-laundering, today Swiss daily Handelszeitung reported that the Swiss subsidiary of JPMorgan was sanctioned by the Swiss regulator, FINMA, over money laundering and “seriously violating supervision laws.

As the newspaper adds, the Swiss sanctions relate to breaches of due diligence in connection with money laundering standards. In other words, JPMorgan was actively aiding and abetting criminal money laundering.

The report further notes, the Finma decision was issued on June 30 and should have been published the following week but JPMorgan tried to prevent the publication of the judgment. More recently, the Federal Administrative Court dismissed the appeal.

In response to money-laundering violation, JPM said that in support of safety and soundness of global monetary system, “we have made and continue to make significant enhancements to the firm’s AML program to ensure we are meeting regulatory expectations,” according to an emailed statement sent to Bloomberg.

Unfortunately, JPMorgan also said that it can’t, or rather won’t, provide further details since the Finma resolution from June 2017 isn’t public.

This means that anyone wondering if Jamie Dimon’s bank was using (and thus trading) bitcoin to circumvent Swiss anti-money laundering regulations, will just have to ask Jamie Dimon in person during his next public appearance.
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Don’t let JP Morgan fool you, they knew every transaction Madoff was making throughout his criminal career. Bernie here had a computer rigging operation going on in his second floor offices running a scam to pay off people around the world for the bad guys.

 

Source: The New York Times

JPMorgan Is Penalized $2 Billion Over Madoff

By Ben Protess and Jessica Silver-Greenberg • January 7, 2014

JPMorgan Chase has reached settlements with federal authorities who suspect that it ignored signs of Bernard L. Madoff’s vast Ponzi scheme.Credit Stephen Chernin/Getty Images

Updated, 9:37 p.m. | Two men who occupy coveted roles in Manhattan’s power elite, one the city’s top federal prosecutor and the other its top banker, sat down in early November to discuss a case that was weighing on them both.

Preet Bharara, the United States attorney in Manhattan, and Jamie Dimon, the chief executive of JPMorgan Chase, gathered in Lower Manhattan as Mr. Bharara’s prosecutors were considering criminal charges against Mr. Dimon’s bank for turning a blind eye to the Ponzi scheme run by Bernard L. Madoff. Mr. Dimon and his lawyers outlined the bank’s defense in the hopes of securing a lesser civil case, according to people briefed on the meeting.

But at the cordial meeting in Mr. Bharara’s windowless conference room lined with law books, the prosecutors would not budge. Mr. Bharara — flanked by his own lieutenants, including Richard B. Zabel and Lorin L. Reisner — made it clear that he thought the wrongdoing was significant enough to warrant a criminal case.

On Tuesday, Mr. Bharara announced the culmination of that case, imposing a $1.7 billion penalty stemming from two felony violations of the Bank Secrecy Act, a federal law that requires banks to alert authorities to suspicious activity. The prosecutors, calling the amount a record for violating that 1970 federal law, will direct the money to Mr. Madoff’s victims.

The outcome of the case and the tenor of the settlement talks underscore the significant leverage prosecutors wield when negotiating with Wall Street’s biggest firms. Even though JPMorgan had defeated a similar private lawsuit just months earlier, bank executives were unwilling to gamble against the government.

Within weeks of meeting Mr. Bharara and recognizing their limited bargaining power, JPMorgan’s lawyers accepted the $1.7 billion penalty, the people briefed on the meeting said, which was within the range that prosecutors initially proposed. The bank also agreed to pay $350 million to the Office of the Comptroller of the Currency, accepting the agency’s only offer, one of the people said.

It could have been worse for the bank. At one point, prosecutors were weighing whether to demand that the bank plead guilty to a criminal charge, a move that senior executives feared could have devastating ripple effects. Rather than extracting a guilty plea, prosecutors struck a so-called deferred-prosecution agreement, suspending an indictment for two years as long as JPMorgan overhauls its controls against money-laundering.

Please go to The New York Times to read more on the criminality of JP Morgan.
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JP Morgan is nothing more than a criminal syndicate and there is nothing anyone can do about it. JP Morgan will continue getting away with their criminal banking including silver price manipulation. Just imagine for a moment JP Morgan getting into cryptocurrencies including bitcoin how they will corrupt it?

 

Source: Reuters

JPMorgan beats Madoff customers’ appeal

by Jonathan Stempel • April 27, 2017

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) is not liable to a group of former customers of Bernard Madoff who blamed the bank for being actively involved in his Ponzi scheme and ignoring red flags of fraud, a federal appeals court ruled on Wednesday.

FILE PHOTO – A view of the exterior of the JPMorgan Chase & Co. corporate headquarters in New York City, U.S. on May 20, 2015. REUTERS/Mike Segar/File Photo

The 2nd U.S. Circuit Court of Appeals in Manhattan said the customers failed to show that JPMorgan had enough “control” over Madoff’s fraud to justify liability under federal securities laws.

JPMorgan had been sued by roughly 2,500 so-called “net winners” who withdrew more money from their accounts at Bernard L. Madoff Investment Securities LLC than they invested.

Lance Gotthoffer, a lawyer for the customers, said his clients will review their legal options.

Wednesday’s decision upheld a May 2016 ruling by U.S. District Judge John Koeltl in Manhattan.

Koeltel said the allegations suggested that JPMorgan was at most negligent in dealing with Madoff, once a major client.

Many net winners believe their claims were undervalued in the liquidation of Madoff’s firm, and sued other individuals and companies that dealt with the swindler.

Madoff has served roughly eight years of a 150-year prison term. He turns 79 on Saturday.

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Related reading:

JP Morgan: “Operation Silver Slam”

 

List of dead bankers 2017 – conspiracy update

“People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd.” — JP Morgan

 

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11 comments

  • This is how JP Morgan sunk his unsikable Titanic to create the Federal Reserve Bank.
    The Titanic (Olympic) was deleberly sunk to drown the opposition to the federal reserve in 1912 and on 1913 the federal reserve was created and than in 1914 world war 1 started financed in both sides by this federal bank by making mony out of thin air in order to build a new world order for jewish supremacy.

  • China says globalism which is world wide communism is unstoppable . So they are all bowing to China , its also wht they stated in their 2005 speech to get rid of religion so they could only raise one leader which must be him . Want to escape poverty? Replace pictures of Jesus with Xi Jinping, Christian villagers urged http://www.scmp.com/news/china/policies-politics/article/2119699/praise-xi-jinping-not-jesus-escape-poverty-christian Mind you he does have a point given how corrupt religion is but communism ?? NO THANKS .

  • https://www.newsbud.com/2017/11/17/the-coming-two-coups-the-mysterious-zarrab-case-mueller-trump-erdogan/ Trump is in trouble . The Coming Two Coups: The Mysterious Zarrab Case, Mueller, Trump & Erdogan

  • UPDATE . After his arrest, in Miami, Zarrab hired some of the most expensive lawyers in New York. They tried to secure a comfortable bail arrangement—and failed. They then sought to have the case thrown out entirely, and failed at that, too. For a time, it looked as though the Zarrab case was headed for trial. Then, last month, came several dramatic developments. Zarrab fired most of his lawyers and hired Rudy Giuliani, a confidant of President Trump, and Michael Mukasey, the former U.S. Attorney General. Then Trump fired Bharara, the prosecutor who indicted Zarrab in the first place. With a legal team friendly to the President in place, and a hostile prosecutor out of the way, Zarrab may be hoping for a sweet deal from the prosecution. It has since been revealed that Giuliani and Mukasey travelled to Turkey in February to meet with Erdoğan about the case—another of Zarrab’s lawyers said that they were seeking a “diplomatic solution” to the situation. Berman, the judge, has asked that Giuliani and Mukasey provide more information about their role in the case. WE KNOW FOR CERTAIN Giuliani was involved in 911 https://www.newyorker.com/news/news-desk/a-mysterious-case-involving-turkey-iran-and-rudy-giuliani

  • What country are you in, Wilma? I got the same message that it is blocked in my country.

  • China is coming , from their 2005 speech translated . There has been rapid development of modern biological technology, and new bio weapons have been invented one after another. Of course we have not been idle; in the past years we have seized the opportunity to master weapons of this kind. We are capable of achieving our purpose of ‘cleaning up’ America all of a sudden. When Comrade Xiaoping was still with us, the Party Central Committee had the perspicacity to make the right decision not to develop aircraft carrier groups and focused instead on developing lethal weapons that can eliminate mass populations of the enemy country. Biological weapons are unprecedented in their ruthlessness, but if the Americans do not die then the Chinese have to die. If the Chinese people are strapped to the present land, a total societal collapse is bound to take place. According to the computations of the author of Yellow Peril, more than half of the Chinese will die, and that figure would be more than 800 million people! Just after the liberation, our yellow land supported nearly 500 million people, while today the official figure of the population is more than 1.3 billion. This yellow land has reached the limit of its capacity. One day, who know how soon it will come, the great collapse will occur any time and more than half of the population will have to go.

    It is indeed brutal to kill one or two hundred million Americans. But that is the only path that will secure a Chinese century, a century in which the CCP leads the world. We, as revolutionary humanitarians, do not want deaths, But if history confronts us with a choice between deaths of Chinese and those of Americans, we’d have to pick the latter, as, for us, it is more important to safeguard the lives of the Chinese people and the life of our Party. The last problem I want to talk about is of firmly seizing the preparations for military battle. The central committee believes, as long as we resolve the United States problem at one blow, our domestic problems will all be readily solved. Therefore, our military battle preparation appears to aim at Taiwan, but in fact is aimed at the United States, and the preparation is far beyond the scope of attacking aircraft carriers or satellites. Marxism pointed out that violence is the midwife for the birth of the new society. Therefore war is the midwife for the birth of China’s century.”

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