September 8, 2020

JPMorgan Chase probing fraud in US stimulus programs

New York (AFP) – US financial behemoth JPMorgan Chase said Tuesday it was working with authorities after learning of unethical conduct by customers and employees connected to huge government pandemic relief programs.A JPMorgan memo rued “conduct that does not live up to our business and ethical principles — and may even be illegal,” bank executives said in a message to employees.”If you see conduct that doesn’t live up to our high standards and strong values, say something,” they said in the memo, adding that confidential complaints were welcome.They pointed to problems with customers misusin…


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