Firm Owner Admits Paying $1M In Bribes To JPMorgan, GMAC

By Jeff Sistrunk (September 29, 2014, 10:52 PM EDT) -- The owner of two San Diego-based mortgage investment firms admitted in California federal court on Friday that he paid $1 million in bribes to "insiders" at JP Morgan Chase Bank NA, GMAC Mortgage LLC and National City Bank in order to win bids for mortgage loans sold on the secondary market, according to federal prosecutors....

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