A subsidiary of JPMorgan Chase & Co. ran a nepotism program on a grand scale in China, U.S. Department of Justice officials said on Nov. 17, as the bank agreed to pay $264.4 million to settle allegations that it hired the sons and daughters of government officials to bribe its way to investment deals.
January 23, 2017 at 01:09 PM
1 minute read
JPMorgan Securities (Asia Pacific) Criminal Investigation
A subsidiary of JPMorgan Chase & Co. ran a nepotism program on a grand scale in China, U.S. Department of Justice officials said on Nov. 17, as the bank agreed to pay $264.4 million to settle allegations that it hired the sons and daughters of government officials to bribe its way to investment deals.
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