JPMorgan Chase is the unspoken architect of fraud, corruption, not to mention the establishment of the largest Ponzi scheme in world history.
It is the second reprimand in less than six months against five major multinational banks for currency manipulation.
The Department of Justice of United States and the Federal Reserve closed a deal with five of the largest banks in the world, which will be fined $ 5.7 billion dollars for having manipulated currency exchange rates for five years.
It is the second reprimand derived from in less than six months. This time, the banks have also admitted guilt in the fraud, which can lead to criminal charges against its employees.
Don’t hold your breath for those criminal charges, though. No single banker has gone to jail in recent history despite multiple and continuous violations of existing law.
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