davest
Silver Member
- Nov 5, 2007
- 3,265
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were fined $153 Million dollars for the infamous "Magnetar" fund case. A scam that allowed a hedge fund to create a born to lose mortgage portfolio to bet against.
Chase paid $228,000,000.00 for its role in a municipal bond bid rigging case
Chase paid $297,000,000.00 to the SEC last November (2012) for fraud involving mortgage backed securities.
Chase paid $75,000,000.00 in cash and agreed to forego $647,000,000.00 in fines in the Jefferson County Alabama swap deals
Chase was reprimanded by the OCC and the fed for money laundering behaviors similar to the HSBC case and for regulatory failures and fraud in the London Whale episode. There is a separate FBI investigation into the London Whale probe in which they allegedly lied to customers and investors about the loss.
They are under investigation for failing to disclose Bernie Madoffs trading activities to the authorities.
They were one of 13 banks asked to pay up in this years $9.3 BILLION Robosigning settlement.
They were one of four banks last year to settle for a total of $394,000,000.00 with the OCC for improper mortgage servicing practices.
They were ordered by the CFTC to pay $20,000,000.00 for improper segregation of customer funds. The CFTC also fined Chase $600,000.00 last year for
violating position limits in the cotton markets.
In 2012, Chase paid a $45,000,000.00 settlement to the federal government for improperly racking up fees for veterans in mortgage refinancing.
(go figure?)
In 2010, Chase paid $25,000,000.00 to the state of Florida for selling unregulated bonds to a state run municipal money market fund.
The bank was convicted in Europe in 2012 along with several other banks for fraudulent sales of derivatives to the city of Milan Italy. A total of about $120,000,000.00 was seized from Chase and three other banks.
And this my friends is why they needed to be bailed out after being part of the cabal that crashed the world wide economy. BTW,Jamie Dimond is doing just fine.
Chase paid $228,000,000.00 for its role in a municipal bond bid rigging case
Chase paid $297,000,000.00 to the SEC last November (2012) for fraud involving mortgage backed securities.
Chase paid $75,000,000.00 in cash and agreed to forego $647,000,000.00 in fines in the Jefferson County Alabama swap deals
Chase was reprimanded by the OCC and the fed for money laundering behaviors similar to the HSBC case and for regulatory failures and fraud in the London Whale episode. There is a separate FBI investigation into the London Whale probe in which they allegedly lied to customers and investors about the loss.
They are under investigation for failing to disclose Bernie Madoffs trading activities to the authorities.
They were one of 13 banks asked to pay up in this years $9.3 BILLION Robosigning settlement.
They were one of four banks last year to settle for a total of $394,000,000.00 with the OCC for improper mortgage servicing practices.
They were ordered by the CFTC to pay $20,000,000.00 for improper segregation of customer funds. The CFTC also fined Chase $600,000.00 last year for
violating position limits in the cotton markets.
In 2012, Chase paid a $45,000,000.00 settlement to the federal government for improperly racking up fees for veterans in mortgage refinancing.
(go figure?)
In 2010, Chase paid $25,000,000.00 to the state of Florida for selling unregulated bonds to a state run municipal money market fund.
The bank was convicted in Europe in 2012 along with several other banks for fraudulent sales of derivatives to the city of Milan Italy. A total of about $120,000,000.00 was seized from Chase and three other banks.
And this my friends is why they needed to be bailed out after being part of the cabal that crashed the world wide economy. BTW,Jamie Dimond is doing just fine.
