Prosecutors unsealed the indictment of four people charged with a scheme to defraud the U.S. federal disaster relief program assisting in the U.S. Virgin Islands after hurricanes.
The judge said five separate lawsuits making similar allegations against the bank could be combined, potentially including thousands of people who traded from Jan. 2009 through Dec. 2015.
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Traders from across the U.S. are banding together to accuse J. P. Morgan Chase of manipulating precious metals markets for years.
A federal judge has put on hold, for at least six months, a civil lawsuit by hedge fund manager Daniel Shak and other accusing J.P. Morgan Chase of rigging the precious metals market, citing an ongoing, related criminal investigation into the bank
The move comes days after a lawyer sought permission to reopen questioning of two former J. P. Morgan traders and the bank's top metals trader and after one of those traders pleaded guilty in Connecticut federal court.
The secret guilty plea in October by a former commodity trader at J. P. Morgan Chase, who admitted that he rigged precious metals markets, drew the attention of a lawyer who has already accused the bank of similar conduct.
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The agreement concerns investors who hold bonds issued by Cofina, slashing the debt by $17.5 billion.
Sens. Elizabeth Warren and Bernie Sanders introduce a bill that would essentially wipe out tens of billions of dollars of Puerto Rico’s $73 billion in outstanding debt.