
JP Morgan Chase & Co. Entered into an agreement with the Department of Justice to resolve criminal charges related to two distinct schemes to defraud: the first involving tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts, and the second involving thousands of episodes of unlawful trading in the markets for U.S. Treasury futures contracts and in the secondary (cash) market for U.S. Treasury notes and bonds. Under the terms of a deferred prosecution agreement, the bank agreed to pay $920 million in a criminal and civil penalties, criminal disgorgement and victim compensation. The case overlaps with an action brought by the Commodity Futures Trading Commission (see separate entry). For more info visit https://www.justice.gov/opa/pr/JP Morgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us