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His sons did not "turn him in." They were complicit and eventually contacted authorities when their father revealed that the firm was completely bankrupt. Whil
by mike_d 4y ago
His sons did not "turn him in." They were complicit and eventually contacted authorities when their father revealed that the firm was completely bankrupt.
While the sons were never formally charged, they were suspected of involvement. One killed himself and the other died of cancer before the investigation was wrapped up.
Close to two dozen people were eventually charged, many went to jail, and JP Morgan paid $2.6 billion to settle their involvement.
- letsdothisagain 4y agoAnd that $2.6 billion is behind bars to this day. Don't do the crime if you can't do the time!
- cturner 4y agoHis sons did turn him in - your own comment says as much. The public evidence suggests they turned him in as soon as they learnt of it. The case has not been made that the sons were complicit, they should be presumed innocence. That other people were jailed, or that they are now dead - all that is irrelevant to the sons' guilt. Neither son was even charged.