Folks move an indication for JPMorgan Chase at it is headquarters in Manhattan, New York Metropolis.Spencer Platt | Getty PhotographsFederal prosec
Folks move an indication for JPMorgan Chase at it is headquarters in Manhattan, New York Metropolis.
Spencer Platt | Getty Photographs
Federal prosecutors have requested for 2 civil instances towards J.P. Morgan Chase be placed on maintain till they’ve completed a associated prison prosecution involving present and former valuable metals merchants on the nation’s largest financial institution.
The Justice Division has requested for the keep on civil proceedings to be prolonged on each civil instances pending in federal court docket in New York Metropolis by means of the conclusion of a associated ongoing prison case into valuable metals exercise at J.P. Morgan Chase.
That case was revealed in September when a 14-count prison indictment towards three present or former J.P. Morgan workers, together with the worldwide head of base and valuable metals buying and selling, was unsealed. The indictment alleges the merchants, together with eight unnamed co-conspirators who labored at J.P. Morgan’s workplaces in New York, London and Singapore, participated in a racketeering conspiracy in reference to a multiyear scheme to govern the valuable metals markets and defraud clients.
On the arraignment final week in Chicago federal court docket, federal prosecutors disclosed that the investigation remains to be ongoing and stated they intend to hunt a superseding indictment including at the very least one extra defendant inside the subsequent thirty days, based on a…