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JPMorgan Chase Hit With SEC Whistleblower Complaint Over Credit Card Practices

First Posted: 12/19/2010 10:16 am Updated: 05/25/2011 6:20 pm



Linda Almonte, a former employee of JPMorgan Chase (JPM) who is suing the bank for wrongful termination, has just upped the ante: She has now also filed a whistleblower complaint with the Securities and Exchange Commission. The core allegations add context to her lawsuit, and they charge Chase with grotesque and illegal practices involving its credit card debt processes, including robo-signing. Chase denies her claims.

Read the whole story: DailyFinance


Filed by Ryan McCarthy  |