JPMorgan Finds Some Workers Improperly Pocketed Relief Funds
Fraud at America’s largest bank?
(From Bloomberg)
JPMorgan Chase & Co. found that some of its employees improperly applied for and received Covid-relief money that was intended for legitimate U.S. businesses hurt by the pandemic, according to a person with knowledge of the matter.
The bank discovered the actions, all of which were tied to the Economic Injury Disaster Loan program, after noticing that suspicious amounts of money had been deposited into checking accounts owned by bank employees, said the person, who asked not to be identified because the information is private.
This article was originally posted here: https://www.ac2news.com/2020/09/jpmorgan-finds-some-workers-improperly-pocketed-relief-funds/.
