7.29.13 – monday
470 million paid here. 83 million paid there. JP morgan and energy companies reports of a scheme and no profits made until scheme crimes occurred. 500 million might be paid by JP Morgan in allegations of manipulated prices. JP Morgan reported a record profit of 65 billion.
Reminds me of years ago Enron reports. The states involved is California and Michigan. But national popular successful companies that report earnings of 500 million may only pay 15 million on so. Because JP Morgan reports 65 billion, they increase their fine settlement potential? When the same crime for a 15 million dollar annual company could have been fined less than 1 million, not 500.
Schemes and manipulation. The accusatoins against JP Morgan got to manipulation fines.
By: Rosette Antoinette Zaxcie – j
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