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JPMorgan to Pay $88 Million for Violating US Sanctions

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posted on Aug, 26 2011 @ 08:28 PM
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JPMorgan to Pay $88 Million for Violating US Sanctions


www.cnbc.com

JPMorgan Chase has agreed to pay $88.3 million to settle potential civil liability for apparent violations of a wide range of U.S. sanctions, the U.S. Treasury department announced Thursday.

This will be the largest settlement ever paid for sanctions violations by a U.S. financial institution, according to Treasury officials.

Among the sanctions apparently broken by JPMorgan are weapons of mass destruction proliferation rules as well as sanctions against against Cuba, Iran, Sudan and ........
(visit the link for the full news article)


Related News Links:
www.recordpub.com
www.marketwatch.com




posted on Aug, 26 2011 @ 08:28 PM
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How nice is it that they were able to come to an agreement with the Treasury Department. Illicit nuclear trade with Cuba and Sudan is now a civil matter?
Again, no one gets prosecuted, just a fine. When you do the math, JP Morgan Chase still ends up in the black to the tune of 93.4 million.
Take a look at the dates when this occurred.

It's a good thing there's a hurricane bum-rushing DC or more people might have heard about this.

www.cnbc.com
(visit the link for the full news article)
edit on 26-8-2011 by Cherryontop because: (no reason given)



posted on Aug, 26 2011 @ 08:34 PM
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reply to post by Cherryontop
 


If they were in another country, they'd be considered terrorists and either killed soon enough or locked up in Gitmo.

But, since they contribute so much to the American economy (and politicians?), Meh, we'll give them a little slap on the wrist.

That is the truth of how this works isn't it?



posted on Aug, 26 2011 @ 08:40 PM
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reply to post by daynight42
 


That's not even a slap on the wrist to them. That's just the martini budget for this year.



posted on Aug, 26 2011 @ 08:43 PM
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reply to post by daynight42
 


It sure is, and it might have something to do with this:
www.abovetopsecret.com...

What's that old saying about the best defense is a good offense?



posted on Aug, 26 2011 @ 08:51 PM
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Delete this post. It got posted to the wrong thread
edit on 8/26/2011 by fixer1967 because: (no reason given)



posted on Aug, 26 2011 @ 09:09 PM
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Isn't that the good ol Free Market at work?

That is what the far Right wants right? To eliminate restrictions on businesses and let the Free Market do it's thing?



posted on Aug, 27 2011 @ 01:18 AM
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post removed for serious violation of ATS Terms & Conditions



posted on Aug, 27 2011 @ 01:24 AM
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I wonder...even after paying out the $88-million...how much did they profit??? To me, these type of activities should carry severe penalties...death penalties even.



posted on Aug, 27 2011 @ 02:48 AM
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This is why American gov/politics are the Terrorists here... J.P Morgan was the one who built the titanic and that other ship white star lines don't remember the name then invited all his rich associates that stood in his way of the Federal Reserve System on it, those richest of men, who opposed the Federal Reserve System, were killed along with the middle and lower classes J.P Morgan says he was too sick to make the trip that night but was seen partying with his close fiends and then the next few weeks later made a media scandal and people call it a conspiracy another dumb term invented to persuade the masses into believing it didn't happen that way... baaaaaaaaa

In my opinion it was one of the most perfect crimes ever committed.
Below ae some true fact about J.P Morgan


J.P. Morgan and John Jacob Astor both funded Nikola Tesla, who created a way to generate an infinite amount of electrical energy. Tesla planned to allow people to access that energy for free, but Morgan squashed Tesla because he wanted to profit from energy, not give it away. Astor, Tesla's good friend, seemed to have deep pockets for Tesla. Not good for Morgan.

John Jacob Astor, along with Benjamin Guggenheim and Isa Strauss, were three very wealthy and powerful men, all of whom were vehemently against the creation of the Federal Reserve, and were quite outspoken on the matter. Morgan viewed Astor and Co. as a huge obstacle. These three men died when the Titanic -- a ship built by J.P. Morgan's White Star Line -- hit that infamous iceberg and sank.
Once Astor, Guggenheim and Strauss were dead, there was no more public outcry against the Federal Reserve. It passed congress and was signed into law the following year on December 23, 1913. In addition, now Tesla's funding was wiped away, his friend in Astor gone.
Source
"Millionaires don't use Astrology, billionaires do."
— J.P. Morgan

"Millionaires us consultants, billionaires use astrologists"
— J.P. Morgan



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