Dedicated to providing increased access to information from around the world with the expressed purpose of Freedom, Justice and Equality for all...
Thursday, December 2, 2010
ARTICLE: Former J.P. Morgan Banker James Hertz Pleads Guilty to Municipal Bond Bid Rigging
According to a U.S. District Court plea proceeding held in Manhattan on November 29, 2010, former J.P. Morgan Securities, Inc. banker James Leonard Hertz, a resident of Cranford, N.J., engaged in separate bid-rigging and fraud conspiracies related to the provision of a type of contract, known as an investment agreement, and other municipal finance contracts, including derivatives contracts, to public entities throughout the United States, such as state, county and local governments and agencies. Hertz also pleaded guilty to one count of wire fraud. According to the plea agreement, Hertz has agreed to cooperate with the ongoing investigation.
Read more...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment