You SIR need to go to jail with no pass. Instead of throwing your employees under the bus, how about being a man, and taking responsibility for your wrong doings for a change? I forgot, your no man, your a coward. Your karma will come ..its a matter of time. Your no different than Bernie Madoff .. except your fraud has gone global, and he paid for his crimes and you run from it.
Not among those expected to be charged is the London Whale himself, one Bruno Iksil, who built up the massive positions in the derivatives market that eventually cost the bank billions, according to a Reuters report published Thursday. According to a later report, Iksil will have to play a key role in any arrests related to the scandal.
On Thursday, Reuters reported that JPMorgan, the largest bank in the country by assets, was close to a settlement with the Securities and Exchange Commission over the scandal in which the bank would admit fault, a relative rarity on Wall Street.
The Federal Bureau of Investigation and federal prosecutors are separately investigating whether company employees underrepresented the scandal's potential fallout to investors in a 2012 meeting, according to a separate New York Times report.
The company's chief executive officer, Jamie Dimon, early on described the scandal as a "tempest in a teapot," an opinion he later described as "dead wrong," according to the Wall Street Journal. But Dimon has maintained that he did not purposefully deceive anyone with his initial comments. "There was no hiding, there was no lying, there was no bullshitting, period," he said of the scandal In June.