The Phaserl


Scapegoat? Former JP Morgan banker arrested in Spain over ‘London Whale’ charges

scape·goat n.
1. One that is made to bear the blame of others.

by Rupert Neate, The Guardian:

Javier Martin-Artajo is accused of trying to cover up Bruno Iksil’s spiralling multibillion pound losses.

A former JP Morgan banker has been arrested in Spain 10 days after US authorities filed charges against him over the “London Whale” affair that cost the bank $6bn (£3.9bn).

Javier Martin-Artajo, who was the direct supervisor of Bruno Iksil, the trader dubbed the “London Whale”, handed himself in on Tuesday in Madrid following a conversation with the specialist fugitive unit of the Spanish police.

Martin-Artajo, a 49-year-old Spanish national, is wanted by US authorities on four charges of conspiracy, keeping false books and records, wire fraud, and making false filings to the Securities and Exchange Commission watchdog.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>