RSS
JP Morgan Sees The Writing On The Wall Street
from the settled dept
Interesting timing... Just a day after Bernie Ebbers is found quite guilty of defrauding investors at Worldcom, JP Morgan Chase has agreed to settle the charges against them for not recognizing the fraud at Worldcom. While it's likely they've been close to a settlement for quite some time, the timing is still worth noting. Perhaps, JP Morgan figured they could get the press coverage hidden by the coverage of Ebbers' guilty verdict.
If you liked this post, you may also be interested in...
- The Real 'Scandal' Over Zynga Stock Options Is Over Misleading Reporting
- 50 Cent Using Twitter To Pump Up Stock... But Is It Legal?
- BofA Tries To Foreclose On Home Despite Not A Single Missed Payment
- Home Buyers Only Finding Out About Resale Fees When It's Too Late
- Lehman Brothers ex-CEO Wants Everyone To Know That It Was Everyone Else's Fault Lehman Failed
Add Your Comment