Ex-JPMorgan trader in 'Whale' scandal open to facing U.S. charges

mercredi 2 avril 2014

JP Morgan Chase & Co sign outside headquarters in New York A lawyer for a former JPMorgan Chase & Co trader accused of helping to hide trading losses tied to a $6.2 billion financial scandal said on Wednesday his client was open to leaving France to voluntarily face U.S. criminal charges. Julien Grout, the former trader, is accused of participating in a conspiracy to hide losses within JPMorgan's Chief Investment Office in London by marking positions in a credit derivatives portfolio at inflated prices. He and another one-time trader at the bank, Javier Martin-Artajo, are considered fugitives by the U.S. government for not coming to the United States to face trial over charges stemming from the so-called London Whale scandal. "We certainly have been making efforts on Mr. Grout's behalf to get him here to face these charges," Weinstein said.








via Business News - Yahoo Finance http://ift.tt/1hir1DJ

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