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JPMorgan seeks the return of the stolen funds with interest and overdraft fees, plus lawyers' fees. In some cases, it is also seeking punitive damages, according to the complaints. Meet the U.S ...
JPMorgan has begun legal proceedings against customers who allegedly stole hundreds of thousands of dollars during a technical malfunction in the bank's ATM systems.. The so-called "infinite money ...
JPMorgan also filed lawsuits in Florida and California federal courts. “Fraud is a crime that impacts everyone and undermines trust in the banking system,” Drew Pusateri, a Chase spokesperson ...
The complaint alleges JP Morgan and the Bank of New York as well as powerhouse accounting firm KPMG and their international counterparts, KPMG UK and KPMG International were primary players necessary to accomplish the fraud." [119] [120] On December 2, 2010, Picard sued JPMorgan Chase, seeking damages and restitution of at least $6.4 billion.
The 2014 JPMorgan Chase data breach was a cyberattack against American bank JPMorgan Chase that is believed to have compromised data associated with over 83 million accounts—76 million households (approximately two out of three households in the country) and 7 million small businesses. [1]
JPMorgan Chase, the largest U.S. bank, has begun suing customers for check fraud, saying they improperly withdrew funds by taking illegal advantage of a temporary technical glitch that went viral ...
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
JPMorgan, the bank’s parent company, is carefully reviewing the situation, a person familiar with the matter told CNN. The bank is still determining how many Chase customers and how much money ...