Posted on 12/08/2010 5:55:44 PM PST by khnyny
According to a U.S. District Court plea proceeding held in Manhattan on November 29, 2010, former J.P. Morgan Securities, Inc. banker James Leonard Hertz, a resident of Cranford, N.J., engaged in separate bid-rigging and fraud conspiracies related to the provision of a type of contract, known as an investment agreement, and other municipal finance contracts, including derivatives contracts, to public entities throughout the United States, such as state, county and local governments and agencies. Hertz also pleaded guilty to one count of wire fraud. According to the plea agreement, Hertz has agreed to cooperate with the ongoing investigation.
(Excerpt) Read more at blogs.forbes.com ...
One of the first dominoes to fall, and let’s hope there are a whole lot more to follow.
Hertz out of car rentals?
yah, but what we don’t know is what he has already told Federal Investigators in return for a plea.
Stay tuned.
FORMER J.P. Morgan Banker——
Jamie Dimon, at the head of J.P. Morgan//Chase, is arguably the most savvy CEO of any company, anywhere, in any industry!
Dimon has not been caught up in the bank bailout;, has not been crippled by the mortgage mess; has not been implicated in all the possible double dealing within the banking industry; yet made a gutsy investment in a huge competitor during the crisis.
I bought JPM at $20 - now at $40 - and strong!.
I bought JPM at $20 - now at $40 - and strong!.
Unless there is something to Morgan’s huge short silver position.
.........Unless there is something to Morgan’s huge short silver position...............
And, huge copper position in Europe!
James Leonard Hertz, a resident of Cranford, N.J., engaged in separate bid-rigging and fraud conspiracies related to the provision of a type of contract, known as an investment agreement, and other municipal finance contracts, including derivatives contracts, to public entities throughout the United States, such as state, county and local governments and agencies. Hertz also pleaded guilty to one count of wire fraud."Ninety days. Be sure to pack your tennis shorts." Thanks khnyny.
I see Jamie Dimon (obama’s favorite banker as the NY Times calls him) was back over at the White House no doubt giving him pointers on how to behave.
Because Dimon calls up his intern, a failed college student named Barack Obama, and orders him to make all his bank’s problems go away - or else. That Bush kid did a pretty good job for Dimon, too. :)
I have known Hertz since grade school and you couldn’t meet a better friend or honest person. He was set up by corrupt lawyers and sleazy bankers, Jaime dimon the worst of them all.
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