JP Morgan ILLEGALLY Deletes 47 Million Emails To Hide Crimes | The Kyle Kulinski Show

it is astonishing how much Corporate America gets away with they basically have a get out of jail free card that they use all the damn time this is a amazing example of it here sec finds JP Morgan subsidiary for deleting 47 million emails some related to subpoenas oopsies in order to lead incriminating evidence of me and my crimes my bad it was a total accident astonishing

the Securities and Exchange Commission find the broker dealer subsidiary of JPMorgan Chase 4 million for accidentally deleting about 47 million emails from early 2018. four million dollars they fart away four million dollars that is not even a Nat to them that's nothing four million dollars some of those emails were sought by subpoenas and at least a dozen regulatory investigations the SEC or the SEC order against

JPMorgan Securities LLC noted the firm in late 2021 agreed to pay 125 million dollars in penalties for failing to preserve text messages and other electronic communications sent between January 2018 and November 2020. so in other words this is something they've done before they they do crimes because they're the crimes committers and then they delete the evidence and then they go oh what a mistake I'm sorry

we better make sure not do this again and then what happens a little slappington on the wrist little Slappy slappington no slap they probably net make more money from their crimes than they are fined on the back end so crime is still profitable for them the Securities and Exchange Commission find the broker-dealer subsidiary of JPMorgan Chase four million dollars facts only accidentally why are you taking

their framing of it why on Earth would you do that this is the most dishonest garbage I've ever seen you're not even going to put it a little ounce of skepticism in there accident really they accidentally deleted it 47 million emails from early 2018 according to an administrative order Thursday some of those deleted emails were sought by subpoenas at least a dozen regulatory investigations but no

longer could be retrieved oh would you look at that the SEC order against JP Morgan security LLC noted others quote could relate to potential future investigations legal matters and Regulatory inquiries order set the emails which were accidentally deleted in 2019 accidentally until you did 2019 were from N2 about 8 700 email boxes which includes those up to 7 500 employees who had regular contact with Chase

customers many of the emails were business records required to be retained pursuant to Federal Securities Law the order said JPMorgan Securities consented to the SEC sanctions which also censured the firm The Firm had submitted a settlement offer in anticipation of administrative proceedings related to the deletions and the SEC accepted that offer the SEC also ordered the firm to cease and desist from committing any future violations

you better not do this again don't you dare of the Securities law requiring broker dealers to retain for at least three years The Originals of all Communications this is the third time the investment advisor has agreed to punishment for failing to preserve electronic records let me repeat that this is the third time the investment advisor has agreed to punishment for failing to preserve electronic records imma

put this as simply as possible y'all I think it's time to start putting some of these people in jail this is part of the problem with our system right it's like you throw the book at low level criminals you do you throw the book at you know somebody Robs a convenience store no I'm not saying that's good I'm not saying there shouldn't be punishment for that

but they do throw the book at poor criminals they do throw the book at people like that but when it comes to white collar crime it's not even really considered crime like every now and then they put a head on a stake right Bernie Madoff for example if you are a white collar criminal and you steal from other rich people your ass is going down but

if you're a white collar criminal and you um manage to be smooth in your ability to rip off regular people oh you'll you might eventually become president of the United States right you're close to the halls of power you're rubbing elbows with the most powerful people in the world and you are helping shape their agenda and so I do not by any stretch of the imagination

believe the idea that it's accidental it's just a little oopsie really then why'd you do it three times why'd you do it three times how'd that happen and what exactly was in this obviously there was a subpoena over it had to be serious had to be vis-a-vis crimes but nope in 2005 the firm paid 700 000 in penalties for not preserving electronic records from mid 1999

to Mid 2002. 700 000 that's for them that's absolutely nothing they are almost incentivized to keep committing crimes if they net make more money from the crimes it's not almost they are incentivized JPMorgan spokeswoman Patricia Wexler declined to comment on the latest sanction in its order of Thursday the SEC noted JP Morgan in 2016 began a project to delete from its to delete from its system

over Communications and documents no longer required to be retained all right this goes on you guys can read the whole thing if you want to but look this reminds me of when Barack Obama was President we have the subprime mortgage crisis and the Great Recession and um what happened they did a no strings attached bailout to the companies that were making terrible decisions and then they

is the way it works you can have as Bernie says correctly fraud is a business model on Wall Street and they make a tremendous amount of money up front then when everything goes Belly Up The taxpayers Rush In And they get a check from taxpayers too it's it's a scam it's a fraud it's absurd the way that this works and a lot of them are guilty

of it man a lot of them are guilty of it you know and you go HSBC for example to bring up another bank they were literally working with like the Iranian government which is illegal and and uh drug cartels which is illegal and um terrorist groups which is illegal I remember this story it was everybody's like Jesus Christ they and they get away with all of

it why they buy the politicians the politicians do their bidding it's like they don't have to worry about any sort of consequences and when there are any consequences it's a fine Which is less than the amount of money that they made from their crimes guys you have to start locking up these criminals you know there's a lot of dialogue around should you be tough on crime

or not I always had I am tough on crimes and I think should actually be crimes I'm fine with being tough on murder I'm fine with being tough on violent crimes and I'm fine with being tough on white collar crimes which absolutely destroy regular people I mean how many people were kicked out of their houses because of the Wall Street criminals during the Great Recession the

bailout was from Top Down not bottom up it didn't trickle down to the people people lost their homes because they were swindled into getting a home they couldn't afford by somebody who's gonna make a short-term profit on it these if you if you steal somebody's car that's a huge crime you should go to prison right we're talking about people who are responsible for kicking people out

of their houses you know hundreds of thousands or millions of people losing their homes because of their decisions and they get to walk away it's got free no problem whatsoever no problem whatsoever deleting emails which would expose other crimes oh here to pay a little fine and move on no time to start locking up some Executives you have to you have to make an example of

them to let them know you can't just keep getting away with this stuff man because there's should be a revolt there should be a revolt but of course our government won't do that it will look to be fair like I said the SEC was looking into them and they just deleted the stuff but you absolutely could if you really wanted to if you were to go

through these big financial institutions with a fine-tooth comb you would find Jesus Christ there'd be so many bodies buried there you have no idea it would be disturbing the endless list of crimes that are being committed by all of them so but you know you won't hear peep about this anywhere and uh suddenly all the people who are tough on crime suddenly uh are not so

interested in crime or being tough on it when the crimes are white-collar criminals in many instances the white collar criminals are worse let me tell you all right guys that's the show I love you all very much thank you as always for listening to me Babble you know I appreciate it everybody do me a big favor click like click subscribe uh click that Bell icon to

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