Quietly, JPMorgan Chase Has Been Battling Another Felony Charge – This Time for Tax Fraud in France. Its Defense Is Its “Human Rights” Have Been Violated.
Excerpt:
JPMorgan Chase is the bank that gambled with the bank deposits of moms and pops across America in 2012 by trading exotic derivatives in London and losing $6.2 billion in the process. It’s also the bank that admitted to two felony counts in 2014 for its role in facilitating Bernie Madoff ripping off the life savings of thousands of more moms and pops across America. Its rap sheet of ripping off the little guy reads like that of an entrenched crime family.
...Even Jamie Dimon, the Chairman and CEO of JPMorgan Chase, who holds no law degree, appears able to comprehend that the case involves a potential “pending” “felony” charge against the bank. That’s precisely what Dimon has reported on his current BrokerCheck page at the self-regulator FINRA. Dimon’s current page reports the following in regard to the Wendel matter:
“14 felony counts pending” regarding “Complicity in tax fraud under articles 1741, 1742 and 1750 of the French General Tax Code and articles 121-2, 121-6, 121-7 and 121-38 of the French Penal Code.”
Dimon also includes this caveat:
“Mr. Dimon is disclosing this matter because, in certain respects unrelated to the underlying conduct, he may be deemed to have exercised control over JPMCB [JPMorgan Chase Bank]. There are no allegations or facts set forth in the information that refer to Mr. Dimon personally.”
Dimon may have another problem, however. In the quarterly filing (10-Q) with the SEC for the quarter ending June 30, 2021, the bank uses the French phrase “mise en examen” instead of explaining to investors that are reading its SEC filing that the French phrase means “indictment.”
SEC laws require clear and adequate disclosures of risks and liabilities facing a publicly-traded company. Writing in French in an English-language document would seem to fall far short of that mark.
***
ANNOUNCING: The Gateway Pundit Will Interview President Donald Trump Next Friday, Sept. 10th — You Won’t Want to Miss This…