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2 Derivatives Traders Charged For Multi-Billion Dollar Trading Loss At JPMorgan Chase & Company

August 21, 2013

2 Derivatives Traders Charged For Multi-Billion Dollar Trading Loss At JPMorgan Chase & Company

Attorney General Eric Holder, U.S. Attorney Preet Bharara, FBI Special Agent-in-Charge April Brooks announce the unsealing of criminal complaints against Javier Martin-Artajo and Julien Grout for their alleged participation in a conspiracy to hide the true extent of losses in a credit derivatives trading portfolio maintained by the Chief Investment Office ("CIO") of JPMorgan Chase & Company. Martin-Artajo served as a Managing Director and Head of Credit and Equity Trading for the CIO, and Grout was a Vice President and derivatives trader in the CIO.

Updated December 21, 2015