J.P. Morgan Chase's Ugly Family Secrets Revealed
J.P. Morgan Chase's Ugly Family Secrets Revealed
Almonte came to Chase in the summer of 2009 as a mid-level executive
in the credit card services division's offices in San Antonio, and was
quickly put in charge of preparing the documentation for this enormous
sale of credit card judgments. When Chase regional offices from places
like southern California and Illinois began sending in the papers for
these "judgments," Almonte very soon found out that something was
seriously wrong. From Horwitz's piece:
Nearly half of the files [Linda's] team sampled were missing
proofs of judgment or other essential information, she wrote to
colleagues. Even more worrisome, she alleged in her wrongful-termination
suit, nearly a quarter of the files misstated how much the borrower
owed.
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- SuiJuris249 2012/03/17 06:21:34
+1They say its just business in common law its call FRAUD and it has no statue of limitation and the damages a JURY not the judge may award is 10 times the original amount.reply -
and how to get the pay out of the judgement? won't they appeal endlessly?reply
- gregaj7 2012/03/16 06:14:07+1Accuracy and truth never works in favor of an issuer like Chase. It's truly ALL about commerce.reply
- TerryAgee 2012/03/15 13:36:11+2My friend you have again done a good job of us! But, will most credit card users file a class action law suit to rightfully get the money owed to them?reply
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+1THANKS, i would hope they might,but will we get anywhere with it? justice in this country is hard to come by.reply
- TerryAgee irish -... 2012/03/15 16:08:47+2I see your point my friend. However, the next time these banks need a bailout the government may say no. Only time will tell.reply
- Wake Th... TerryAgee 2012/03/15 17:11:30+1Our government is run by Wall Street, do you really would bite the hand that pays for their multi-million dollar vacation homes & yachts?reply
- TerryAgee Wake Th... 2012/03/15 17:53:15+1I see your point. Let us just do away with the election process and to allow the Wall Street bankers appoint our next federal government representatives. You may be ready to quit, but me? NEVER!reply
- Wake Th... TerryAgee 2012/03/15 17:57:05+1I am a optimistic but still a realist, I think we are left with only the second amendment option should we not get a Constitutionalist in office.
reply - TerryAgee Wake Th... 2012/03/15 22:37:05+2I see your point. I am a NRA member.reply
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+1exactly.reply
