Bribery Probe Launched Into JPMorgan Hiring Chinese Executives' Children | China Uncensored
JPMorgan Chase, the largest multinational bank in the United States, is the subject of a bribery probe by the SEC (Securities and Exchange Commission). Scandal has dogged JP Morgan Chase as eight different federal agencies, a state regulator and two foreign nations are investigating the multinational. Sure JP Morgan was involved in financing two of the largest subprime lenders, Countrywide and Ameriquest, that were in part responsible for the 2008 financial meltdown, and sure JPMorgan may have hidden loses of billions in the London Whale Scandal, but this time it's questionable dealings with China that's gotten the SEC's attention. The multinational may have hired children of important Chinese executives to secure contracts. But proving bribery will be no easy task.
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