The Phaserl


JPMorgan Vice President’s Death in London Shines a Light on the Bank’s Close Ties to the CIA

One reason that JPMorgan may have such a spooky feel is that it has aligned itself in no small way with real-life spooks, the CIA kind.

by Pam Martens and Russ Martens, Wall Street on Parade:

The nonstop crime news swirling around JPMorgan Chase for a solid 18 months has started to feel a little spooky – they do lots of crime but never any time; and with each closed case, a trail of unanswered questions remains in the public’s mind.

Just last month, JPMorgan Chase acknowledged that it facilitated the largest Ponzi scheme in history, looking the other way as Bernie Madoff brazenly turned his business bank account at JPMorgan Chase into an unprecedented money laundering operation that would have set off bells, whistles and sirens at any other bank.

The U.S. Justice Department allowed JPMorgan to pay $1.7 billion and sign a deferred prosecution agreement, meaning no one goes to jail at JPMorgan — again. The largest question that no one can or will answer is how the compliance, legal and anti-money laundering personnel at JPMorgan ignored for years hundreds of transfers and billions of dollars in round trip maneuvers between Madoff and the account of Norman Levy. Even one such maneuver should set off an investigation. (Levy is now deceased and the Trustee for Madoff’s victims has settled with his estate.)

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2 comments to JPMorgan Vice President’s Death in London Shines a Light on the Bank’s Close Ties to the CIA

  • rich

    The Iron Triangle

    inside “Iron Triangle,” the place where the world’s mightiest military intersects with high-powered politics and big business. It is a company whose history includes ties to CIA cover-ups and secret arms deals, and an astounding trail of corporate cronyism. By making defense buyouts the cornerstone of its business strategy, Carlyle now finds itself the beneficiary of the largest increase in defense spending in history. Indeed the stars seem to have aligned perfectly for Carlyle, in just 15 short years.

    not far fetched…they just expanded their book of business…

  • B.M.

    Just one criminal organization (JP Morgan) working in coordination with an even BIGGER criminal enterprise (the narcotics running and funded CIA).

    Scum working with scum.

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