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View Diary: If JPMorgan Chase failed to stop Madoff, Jamie Dimon must go (16 comments)

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  •  Actually, the feds are thinking about charging (1+ / 0-)
    Recommended by:
    OleHippieChick

    individuals as well.  From the same story:

    Representatives for JPMorgan, the Comptroller and the prosecutors declined to comment. Authorities could announce an action by the end of the year, the people briefed on the inquiry said, a move that could cap a multiyear investigation. Prosecutors, the people said, are weighing criminal charges against JPMorgan employees who did business with Mr. Madoff. It is unclear which employees are under investigation.
    Ten to one that Chase will have to cooperate with any prosecutions as part of any deferred prosecution agreement.
    •  Employees may get charged instead of the company? (1+ / 0-)
      Recommended by:
      OleHippieChick

      Quite frankly, that's the way it should always work anyway. Lengthy jail sentences will do a lot more to end criminal behavior than fining a company would. Of course, that company should be forced to pay restitution to its victims.

      The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. -- John Kenneth Galbraith

      by richardak on Sun Oct 27, 2013 at 02:15:02 PM PDT

      [ Parent ]

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