"The assumption they make is that I won't blow up my life to do it. But they're wrong about that."
These are probably not words anyone at JPMorgan Chase wants to see, in print, from a former in-house attorney at JPMorgan Chase.
During JPMorgan's settlement with the Department of Justice, the DOJ had a key insider witness to wrongdoing that it held out as leverage to increase its settlement with JPMorgan. It worked; after the existence of the witness made headlines, JPMorgan's settlement offer increased by several billion-- nearly doubling. But the witness was never heard from again, and the DOJ signed a confidential settlement agreement with JPMorgan.
Here to violate the confidentiality agreement is Alayne Fleischmann, said former JPMorgan in-house attorney and key insider witness, whose extensive interview with Rolling Stone was published last week.
It's got everything-- no email deals, CDOs intentionally constructed of NINA loans, deliberate obfuscation of wrongdoing by JPMorgan and DOJ attorneys, inflated settlement terms, and retaliatory firings.
From Rolling Stone: "She believes the proof is easily there for all the elements of the crime as defined by federal law – the bank made material misrepresentations, it made material omissions, and it did so willfully and with specific intent, consciously ignoring warnings from inside the firm and out."
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