According to The New York Times, government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful profit centers.” In addition, they allege that one of its most senior executives gave “false and misleading statements” under oath.
1. Who is Jamie Dimon; who is Blythe Masters?
2. At least eight federal agencies are investigating the JP Morgan bank. Name two of these and discuss their role.
3. What is the indirect linkage between JPMorgan’s case to the Enron fraud?
4. What is the direct linkage between JPMorgan’s case to the Madoff fraud?
Silver-Greenberg, J. and B. Protess. (2013). JPMorgan Caught in Swirl of Regulatory Woes, The New York Times, May 2 (Retrievable online at http://dealbook.nytimes.com/2013/05/02/jpmorgan-caught-in-swirl-of-regulatory-woes/?hp)