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Record $13 Billion Global

CA 2013 Community Banks / Credit Unions
DOJ Fraud
Penalty
$9 billion

Outcome

Record $13 Billion Global Settlement Reached With JPMorgan Over Misleading Investors

Details

Record $13 Billion Global — DOJ Enforcement (2013)

DOJ took enforcement action against Record $13 Billion Global in CA in 2013 involving fraud violations in the Community Banks / Credit Unions sector.

Penalty: $9 billion

Violation types: Fraud
Entity type: Financial Institution
Penalty type: Criminal
Location: CA

Source: DOJ Press Release — Record $13 Billion Global Settlement Reached With JPMorgan Over Misleading Investors

How Crucible Prevents This

Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.

Source: DOJ Press Release — Record $13 Billion Global Settlement Reached With JPMorgan Over Misleading Investors

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