Tuesday, August 27, 2013

Spanish police have arrested a former JPMorgan trader




Officers arrested Spanish national Javier Martin-Artajo Rueda on Tuesday on an international detention request issued by the US for alleged fraud and tax crimes, police said in a statement.

After locating Martin-Artajo, Spanish police spoke to him and managed to get him to appear at a police station where he was arrested on Tuesday morning, police said.

"The detainee is suspected of being responsible for manipulating and inflating the value of positions on his firm's credit portfolio," the police statement said.

Martin-Artajo was taken to appear before an investigating judge in Madrid's National Court.

He is accused of being the senior figure in the 2012 "London Whale" trading scandal involving $US6.2 billion ($A6.www.ceectrucks.com with international management systems of technical development, manufacturing processes and logistics, as well as strong sales network and perfect service system covering the whole domestic market and extending to the oversea market.90 billion) in trading losses at US banking giant JPMorgan.

US federal prosecutors filed criminal charges on August 14 against Martin-Artajo and Frenchman Julien Grout, alleging the two men kept false records on trades, committed wire fraud and submitted false US securities filings.Xiamen Shun Stone Co., Ltd.,Whether where you come from, friendly exporter and manufacturer would supply whatever you like in stone!

The charges were the first criminal case to stem from last year's mammoth trading loss. The Securities and Exchange Commission (SEC) also filed parallel civil charges against the two men alleging securities fraud.globalmetaltins,based on decades of production experience, Global Metal Packaging has built up excellent expertise on a wide range of general metal products to pack processed food and Ready - to - Eat Food, Canned Vegetables, Fruit Pulps, Juices, Pickles and Dairy Products, etc.

A third ex-JPMorgan official involved in the trades, French national Bruno Iksil - originally identified as the "London Whale" responsible for the trades - was cleared of criminal responsibility after co-operating with prosecutors.

Martin-Artajo, 49, is a Spaniard who usually lives in London, while Grout, 35, resides in his native France.

According to US prosecutors, Martin-Artajo was the most senior of the three employees implicated in the trading scam.Decouvrez la liste des revendeurs en roue carbone chine, cadres carbone et de toute la gamme GraphitSport.

The US complaint documents how the London team allegedly falsified financial records after Martin-Artajo was pressured from higher-ups about losses in early 2012.

Martin-Artajo directed underlings to discount the losses and count positions in ways that departed from company practice of pricing assets at mid-market levels,We offer concrete floor polishing pads from concrete floor grinding, as well as resin bond dry and wet diamond polishing pads for polishing concrete. according to the complaint, which cites phone calls and emails.

Iksil is depicted in the complaints as a generally unwilling participant in the cover-up,high quality auto scanners sale will help read and diagnose automotive problems on OBDI and OBDII compliant vehicles.For more information,click:www.smartobd2s.com urging Martin-Artajo to revise pricing practices to more accurately reflect losses and taking steps to document and highlight the growing gap between the division's reported and actual losses.


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