Beached Scapewhale: JPMorgan's Javier Martin-Artajo Arrested In Madrid
As previewed extensively previosuly, Javier Martin-Artajo, one of the two JPMorgan scapewhales resulting from the London CIO prop-trading fiasco in which JPM used some $400 billion in deposit funding to corner the HY and IG CDS markets and then proceed to liberally redefine what a mid-market mark means, has been arrested.
Former JPMorgan employee Javier Martin-Artajo, who is wanted by the United States on fraud and tax crime charges, was arrested in Madrid on Tuesday morning, Spanish police said in a statement.
Martin-Artajo handed himself in to police after they found him and got in touch with him, the authorities said.
Earlier this month U.S. prosecutors brought criminal charges against Spaniard Martin-Artajo and his former colleague Julien Grout, who each worked for JPMorgan's chief investment office in London, in connection to the "London Whale" trading scandal that cost the bank $6.2 billion last year.
And so life for Jamie, who had no idea gambling was going on at the CIO office, NO IDEA, goes on as before.
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