JPMorgan Chase CEO Could Face Jail Time


Despite the long list of violations already committed by JPMorgan Chase over the past several years, CEO Jamie Dimon added one more to the list. The executive explicitly violated a federal statute that has the potential to put him in jail for decades. The law violated can be found in Section 906 of the Sarbanes-Oxley Act, which aimed to reform accounting practices and protect investors. RT’s Meghan Lopez asks William K. Black, associate professor of economics and law at the University of Missouri-Kansas City, why Dimon nor any other fraudulent have not been charged for their crimes.

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  • mcurb

    Banks that are too big to fail have CEOs who are too big to jail!

  • Joe Blow

    Ill take 5 years GLADLY for the amount of money he will still have on his release. Him, and his entire family need be stripped of all wealth and assets provided while his criminality took place. Also, he should be forced to pay back what was stolen. Plus, he should never be allowed to leave USA and escape somewhere where his hidden wealth will be utilized.

    • gino

      You weren’t suggesting Israel were you?

  • apeman2502

    “Could face jail time” sounds like ” could be pregnant”. Either a crime has been committed or another back alley abortion of justice will accomplish the ‘presto-chango’ to let the swine skate.