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Not the guy you asked, but... If I had to guess, it probably had a lot to do with them being relatively weak, small, mostly serving an immigrant community, and
by Lazare 11y ago
Not the guy you asked, but...
If I had to guess, it probably had a lot to do with them being relatively weak, small, mostly serving an immigrant community, and having no connection to the local power structure. Going after JP Morgan would be, well...awkward. Going after Abacus was easy.
It's not because Jamie Dimon is white and Thomas Sung is not; that was just a more-or-less inevitable consequence. (In employment law, this is called a "disparate impact".)
- scoggs 11y agoIt almost seems to me like this one fell into their laps. They might not have been in their sights initially but upon the initial fraud investigation they must have identified a weakness in them. Maybe their willingness to cooperate which I imagine is unheard of in that sector, seemingly?