Rewards for Exposing False Books and Accounting Records: Ex-JPMorgan Chase Employees Charged Over 'London Whale' Scandal

SEC Bounty Action Whistleblowers Can Receive Large Rewards for Exposing False Books and Records, Wire Fraud, and False Regulatory Filings

Persons with evidence of false accounting records, securities fraud, insider trading, false information on SEC filings, insider trading; stock manipulation schemes, embezzlement by stockbrokers, or other securities fraud schemes, should contact a SEC Whistleblower lawyer to have their potential Bounty Action confidentially reviewed.

SEC Bounty Action Whistleblowers can work through a SEC Whistleblower Reward Lawyer to have a potential bounty action confidentially reviewed prior to exposing their identity.  This protection of a whistleblower's identity combined with large potential rewards that a whistleblower may receive for properly exposing SEC violations are intended to encourage high end financial professionals and investors to step forward and expose significant securities and investment fraud schemes.
   
Ex-JPMorgan Chase Employees Charged Over 'London Whale' Scandal

U.S. prosecutors have charged two former JPMorgan Chase employees, Javier Martin-Artajo and Julien Grout, for their role in the "London Whale" scandal.

The charges are a milestone in the government's response to what has been an embarrassing and costly episode for the biggest U.S. bank, which still faces the prospect of civil penalties. But it once again places the heaviest legal burden on players fairly low in the bank's hierarchy.

In criminal complaints unsealed on Wednesday morning, the Federal Bureau of Investigation accused Martin-Artajo and Grout of falsifying books and records, wire fraud and falsifying regulatory filings about bad trades in credit derivatives last year that cost JPMorgan more than $6.2 billion in losses. The FBI said it wants to arrest both men, who were also charged with conspiracy. Arrests could be challenging, as both are in Europe and out of the reach of U.S. law enforcement at the moment.

Separately, the Justice Department said another former JPMorgan employee, Bruno Iksil, known as the London Whale, had entered a "non-prosecution cooperation agreement." The government agreed not to prosecute Iksil as long as he cooperates and testifies truthfully about the trades and the alleged cover-up. Iksil has been helping the government build its case against other former JPMorgan employees, the Wall Street Journal reported on Tuesday.

SEC Fraud Whistleblower Bounty Actions Are Designed to Expose Significant SEC Violations and Provide Large Financial Rewards For People That Are The Original Source of Information That Expose The Fraud Against The SEC

SEC Fraud Whistleblower Lawsuits or SEC Bounty Actions are a product of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  These laws were designed to create bounties that can be collected by whistleblowers that properly report SEC violations, financial fraud, securities fraud, commodities fraud, and stimulus fraud that result in monetary sanctions over one million dollars ($1,000,000.00).  The SEC can award the whistleblower up to 30% of the money collected.

By creating whistleblower bounties for investors and people with specific information of fraud, it is expected that hard to detect fraud will be exposed to help regulate the financial market and prevent large investment corporations, banks, hedge funds, and other large corporations from committing financial fraud of billions of dollars.

For more information on this topic, please go to the following web page: SEC Whistleblowers Receive Rewards for Exposing False Books and Accounting Records.