[1]https://wallstreetonparade.com/12259-2/

   JPMorgan Chase’s Rap Sheet

   (Highlights)

   April 21, 2011, JPMorgan Chase [2]agreed to settle a civil lawsuit and
   pay $56 million to settle claims that it overcharged members of the
   military service on their mortgages in violation of the Service Members
   Civil Relief Act and the Housing and Economic Recovery Act of 2008.

   February 7, 2012, JPMorgan Chase [3]agreed to pay $110 million to
   settle consumer litigation that claimed it overcharged customers for
   overdraft fees.

   February 9, 2012, JPMorgan Chase [4]reaches an agreement with the
   OCC to pay $113 million for unsafe and unsound mortgage servicing and
   foreclosure practices.

   August 10, 2012, [5]JPMorgan Chase agreed to pay $1.2 billion to settle
   claims that it, along with other banks, conspired to set the price of
   credit and debit card fees.

   November 16, 2012, JPMorgan Chase [6]agreed to pay $296.9 million to
   the SEC to settle claims that it misstated information about the
   delinquency status of its residential mortgage portfolio.

   July 2013, a unit of JPMorgan Chase [7]agreed to pay $410 million to
   the Federal Energy Regulatory Commission to settle claims of bidding
   manipulation of California and Midwest electricity markets.

   September 19, 2013, [8]JPMorgan Chase agreed to pay $80 million in
   combined fines to the Consumer Financial Protection Bureau (CFPB) and
   Office of the Comptroller of the Currency (OCC) and $309 million in
   refunds to customers whom the bank billed for credit monitoring
   services that the bank never provided.

   September 19, 2013, JPMorgan Chase [9]agreed to pay $920 million to
   U.S. and U.K. regulators for its unsafe and unsound banking practices
   in using bank depositors’ money to trade in derivatives in London. It
   lost at least $6.2 billion in the trades. This was known as the “London
   Whale” scandal.

   November 15, 2013, JPMorgan Chase announced that it had [10]agreed to
   pay $4.5 billion to settle claims by private investors that it
   defrauded them in mortgage-backed securities.

   November 19, 2013, [11]JPMorgan agreed to pay $13 billion to settle
   claims by the Department of Justice; the FDIC; the Federal Housing
   Finance Agency; and various State Attorneys General over its fraudulent
   practices with respect to mortgage-backed securities. JPMorgan
   acknowledged it made serious misrepresentations to the public.

   December 4, 2013, JPMorgan Chase [12]agreed to pay 79.9 million
   Euros to settle claims of the European Commission relating to illegal
   rigging of benchmark interest rates.

   In December 2013, [13]JPMorgan Chase agreed to pay $22.1 million to
   settle claims that the bank imposed expensive and unnecessary flood
   insurance on homeowners whose mortgages the bank serviced.

   January 7, 2014 [14]the U.S. Department of Justice charged JPMorgan
   Chase with two criminal counts for its banking conduct in the Bernard
   Madoff Ponzi scheme. The bank admitted to the charges; agreed to pay
   $1.7 billion to a Madoff victim fund and agreed to a Deferred
   Prosecution Agreement.

   May 20, 2015, JPMorgan Chase [15]pleaded guilty to one criminal
   count brought by the U.S. Department of Justice for its role with other
   banks in rigging the foreign exchange market. The bank agreed to a fine
   of $550 million.

   December 18, 2015 the bank [16]agreed to charges by the SEC that it had
   steered its customers into in-house products where it reaped higher
   profits without disclosing this conflict to the customer. It paid $267
   million to settle these charges.

   On January 20, 2017 JPMorgan Chase agreed to pay $53 million
   to [17]settle charges that it had discriminated against minority
   borrowers by charging them more for a mortgage than white customers.

   October 2018 JPMorgan Chase agreed to pay $5.3 million to settle U.S.
   Treasury allegations that “it violated Cuban Assets Control
   Regulations, Iranian sanctions and Weapons of Mass Destruction
   sanctions 87 times,” [18]according to Reuters.

   December 26, 2018 JPMorgan Chase [19]settled claims with the SEC for
   $135 million over charges that it had improperly handled thousands of
   transactions involving the shares of foreign companies.

   May 16, 2019, [20]JPMorgan Chase settled charges for 228.8 million
   Euros with the European Commission that it rigged the foreign exchange
   market. (Other banks were also fined.)

   September 16, 2019, the [21]U.S. Department of Justice indicted two
   current and one former precious metals traders at JPMorgan Chase for
   turning the precious metals desk at the bank into a “racketeering”
   enterprise.

   September 29, 2020, the [22]U.S. Department of Justice brings two
   counts of wire fraud against JPMorgan Chase involving “tens of
   thousands of episodes of unlawful trading in the markets for precious
   metals futures contracts, and the second involving thousands of
   episodes of unlawful trading in the markets for U.S. Treasury futures
   contracts and in the secondary (cash) market for U.S. Treasury notes
   and bonds.” The bank admits to the charges and agrees to pay $920
   million in fines and restitution to various regulators.

   December 17, 2021, the securities unit of JPMorgan Chase admits its
   traders and their supervisors were using personal communications
   devices to conduct company business. The firm failed to record and
   retain messages from these devices as required under the law. These
   violations occurred despite similar conduct in the bank’s participation
   in the rigging of the foreign exchange market, where traders used
   unauthorized electronic chat rooms, called “The Cartel” and “The
   Mafia.” That case brought a criminal felony charge against the bank by
   the Justice Department in May of 2015. [23]In the current case, the SEC
   fined the firm $125 million.
   --
   Gunnar Larson - [24]xNY.io | [25]Bank.org
   [26]MSc - Digital Currency
   [27]MBA - Entrepreneurship and Innovation (ip)
   G@xNY.io
   +1-646-454-9107
   New York, New York 10001

References

   1. https://wallstreetonparade.com/12259-2/
   2. https://webcache.googleusercontent.com/search?q=cache:CfSUwB2l7yoJ:https://www.bloomberg.com/news/articles/2011-04-21/jpmorgan-chase-settles-military-mortgage-overcharging-suit-for-56-million+&cd=3&hl=en&ct=clnk&gl=us
   3. https://www.reuters.com/article/us-jpmorgan-overdraft-settlement/jpmorgan-settles-overdraft-fee-case-for-110-million-idUSTRE8161CR20120207
   4. https://www.occ.treas.gov/news-issuances/news-releases/2012/nr-occ-2012-20.html
   5. https://webcache.googleusercontent.com/search?q=cache:Haiu_nV-yUcJ:https://www.americanbanker.com/news/jpmorgan-says-credit-card-swipe-fee-case-cost-it-12-billion+&cd=1&hl=en&ct=clnk&gl=us
   6. https://www.sec.gov/news/press-release/2012-2012-233htm
   7. https://webcache.googleusercontent.com/search?q=cache:qsHNf-iV-3QJ:https://www.washingtonpost.com/business/economy/jpmorgan-chase-subsidiary-to-pay-410m-penalty-in-electricity-pricing-scheme/2013/07/30/1c524880-f91d-11e2-afc1-c850c6ee5af8_story.html+&cd=3&hl=en&ct=clnk&gl=us
   8. https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-chase-and-jpmorgan-chase-to-pay-309-million-refund-for-illegal-credit-card-practices/#:~:text=WASHINGTON, D.C. — The Consumer Financial,for illegal credit card practices.
   9. https://money.cnn.com/2013/09/19/investing/jpmorgan-london-whale-fine/index.html
  10. https://webcache.googleusercontent.com/search?q=cache:MYOnVBZWdV4J:https://dealbook.nytimes.com/2013/11/15/jpmorgan-reaches-4-5-billion-settlement-with-investors/+&cd=3&hl=en&ct=clnk&gl=us
  11. https://www.justice.gov/opa/pr/justice-department-federal-and-state-partners-secure-record-13-billion-global-settlement
  12. https://money.cnn.com/2013/12/04/news/companies/libor-europe-fines/?iid=EL
  13. https://www.classaction.org/blog/22m-settlement-reached-in-chase-force-placed-insurance-suit
  14. https://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-and-fbi-assistant-director-charge-announce-filing-criminal
  15. https://www.justice.gov/opa/pr/five-major-banks-agree-parent-level-guilty-pleas
  16. https://www.sec.gov/news/pressrelease/2015-283.html
  17. https://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-settles-lending-discrimination-suit-against-jpmorgan-chase-53
  18. https://www.reuters.com/article/us-jpmorgan-sanctions/j-p-morgan-to-settle-allegations-of-violating-sanctions-u-s-treasury-idUSKCN1MF1UE
  19. https://www.marketwatch.com/story/jpmorgan-chase-settles-sec-claims-for-135-million-2018-12-26
  20. https://webcache.googleusercontent.com/search?q=cache:4Sz4v2DC2Z0J:https://www.bloomberg.com/news/articles/2019-05-16/citigroup-jpmorgan-among-banks-fined-1-2-billion-in-fx-probe+&cd=3&hl=en&ct=clnk&gl=us
  21. https://www.justice.gov/opa/pr/current-and-former-precious-metals-traders-charged-multi-year-market-manipulation
  22. https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us
  23. https://www.sec.gov/news/press-release/2021-262
  24. http://www.xNY.io/
  25. http://Bank.org/
  26. https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB
  27. https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/