U.S. charges two men with fraud in 'London Whale' scandal

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U.S. charges two men with fraud in 'London Whale' scandal

U.S. charges two men with fraud in 'London Whale' scandal
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U.S. charges two men with fraud in 'London Whale' scandal

by Wochit 0:59 mins

U.S. prosecutors in Manhattan have accused two former JPMorgan Chase & Company employees who worked in London of wire fraud and conspiracy. The two are suspected of falsifying books and records in criminal charges related to the bank's $6.2 billion trading losses last year, now known as the 'London Whale' scandal. Erin Gibbs, Equity Chief Investment Officer at S&P's Investment Advisory Services, sees stocks heading higher, even with a cautionary assessment of the US economy. Hannah Anderson, the 16-year-old California girl kidnapped and then rescued in the Idaho backcountry apparently broke her silence on social media and offered new details about her ordeal. According to Hannah, her captor "deserved what he got" when he was shot to death.

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