2 Ex-JPMorgan Employees To Be Arrested For Hiding Losses

Law360, Los Angeles (August 9, 2013, 9:43 PM EDT) -- Government authorities are planning to arrest two former JPMorgan Chase & Co. employees in London on suspicion that they helped hide the size of the $6.2 billion “London Whale” loss, The New York Times reported Friday.

Authorities plan to arrest Javier Martin-Artajo, the supervisor of former trader Bruno Iksil — who has been accused of partial responsibility for some $6 billion in losses — and Julien Grout, a former JPMorgan junior bank trader. The New York Times cites sources briefed on the matter as saying the arrests...
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