Tag Archives: Spain

Spanish police arrest JPMorgan bankster

Spanish police say they have arrested a former JPMorgan Chase trader wanted for allegedly falsifying bank records to cover up $6 billion in trading losses.  http://www.nytimes.com/2013/08/28/business/former-jpmorgan-employee-arrested-in-spain.html?hp&_r=0   A statement said that Javier Martin-Artajo, 49, was arrested Tuesday after he presented himself at a police station in Madrid. U.S. prosecutors earlier this month filed criminal charges against […]

Banksters swindle Spaniards out of savings

About 300,000 Spaniards who, in the midst of a brutal recession, have seen their life savings virtually wiped out in what critics call a deceptive and possibly fraudulent sales campaign by banks that were threatened by the implosion of Spain’s property market. http://www.nytimes.com/2013/07/09/world/europe/spaniards-fight-to-get-savings-back.html?ref=world   Spaniards were easily misled when bank officials hit on the idea […]