JPMorgan Chase Whistleblower Alayne Fleischmann Breaks Silence on “Massive Criminal Securities Fraud” & DOJ Whitewashing

LeakSource

11/07/2014

A year ago this month the U.S. Department of Justice announced that the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle claims that it had routinely overstated the quality of mortgages it was selling to investors. But how did the bank avoid prosecution for committing fraud that helped cause the 2008 financial crisis? Democracy Now! speaks to JPMorgan Chase whistleblower Alayne Fleischmann in her first televised interview discussing how she witnessed “massive criminal securities fraud” in the bank’s mortgage operations. She is profiled in Matt Taibbi’s new Rolling Stone investigation, “The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare.”

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