So for about the last 6 months J.P. Morgan Chase the credit card division has been laying employees off left and right. Anyone with any tenure are in jeopardy and what is their reply. Illinois is an at will state and they don’t need a reason. They are sending the jobs to Manila and Mumbai. What this also means is that anyone who is a customer of JPMorgan Chase has their information available to the people working in these countries. And we have seen a jump in credit card fraud in those areas meaning Manila and Mumbai and the management at JPMorgan chase could care less. It is cheaper for them to allow this to happen and cover the fraud due to cheaper wages. Never mind that the customers information is then compromised and could take years to fix. This is how JPMorgan chase cares about its customers.
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Where is audit? You tell me. Where is surveillance, compliance monitoring, business monitoring etc. they all knew it was happening but someone called off the dogs. The scheme ran too deep.
Where is audit?
And all this under the watch of Dimon. Someone better wise up. He has no control.
Chase is criminal organization. They are currently under investigation by the DOJ FOR rigging the precious metals market for the last 10 years. When they were caught doing the same with the currency market they accepted a plea deal. Part of the plea was to not violate federal law again for 10 years. They have violated that plea.
Hmm, going to have to get rid of my Chase cards