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China Arrests Former CEO Of JPMorgan Asia
Just one day after the FBI issues arrest warrants for 5 Chinese military officials, Caixin reports that Fang Fang - the former CEO of JPMorgan Asia - has been arrested in Hong Kong by the Independent Commission Against Corruption (or anti-graft agency). Coincidental timing we are sure; and while details are sparse, the arrest appears linked to the hiring of the children of Chinese officials. Bloomberg reports that Fang declined to comment after being released on bail (under restrictions not to leave Hong Kong).
Caixin reports (via Google Translate),
48-year-old Morgan Chase vice chairman of investment banking in Asia and the former CEO of China Fang Fang was arrested recently in Hong Kong by the Independent Commission Against Corruption, the reason is still suspected of hiring a child of officials to get projects and getting burned.
...
Two independent sources of information on condition of anonymity, told reporters that the news respectively...
Sources pointed out that square and was released on bail after exit restrictions. Need to wait and cooperate with the investigation and judicial developments related to the case.
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"Scandals fermentation, someone to pay the price." Person close to JPMorgan Chase earlier told the new financial reporter
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"China's internal JPM Asian investment banking team now feel insecure." Who comes close to JP Morgan, JP Morgan Chase also helped bankers hired lawyers to deal with possible future investigation. "The major investment banks in the self-examination, lawyers are busy now."
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"Although the U.S. Department of Justice is to blame investment banks, but investment banks will generally push to individuals looking for a scapegoat." An investment bank executives said.
Or simple old retailation? Of course - the big retaliation will be signing the 'holy grail' gas deal with Russia tomorrow.
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Does China have guillotines?
They have multiple Fangs it seems.
I think I'm turning Chinese, I think I'm turning Chinese, I really think so.
We all need a feel good story every now and then.
And the Chingrish wasn't so bad...
He hired the wrong kids.
Like Hunter Biden.
the wong kids.
searched Caixin, no news about Fang.
Second independent news --- not SCMP.
Strange news about ICAC arrest, not reported in HK MSM !!!
The guy "was retired" for months.
He made the mistake of sticking around.
The winds of heaven change suddenly; so do human fortunes.
Let me guess, the kids cleaned house.
Joined a different futures market...
Organs...
fangs, but no fangs.
I think it's Chianese.
They're having also multiple faps a day, see Wolf of Wall Street.
"Fang Fang" Classic!
"Fang Fang."
You can't make this stuff up.
Unfortunately not. THey imported all of them to the "dollar store," Word on the street is target buyer is using them to chop hotdogs
very troubling.
if jpm doesn't hire children of chinese officials, then who will?
once again, jpm is being targeted by overzealous prosecutors
well, perhaps JPM has been hiring the wrong ones.
we are lucky that the ceo hasn't just walked away from the job and washed his hands of all the burdens that go with running the most prosperous financial engine of all time
hugs,
maria
https://www.youtube.com/watch?v=EuXf9GmQln4#t=295
r u kidding me? those little fuckers don't need a job!
I'm sure this is a simple misunderstanding...do you know we're looking for interns at our Hong Kong branch?
What! No self inflicted Nail Gun Injury during the arrest? Must not be a true banker
I'm sure he has plenty of neckties.
When these guys are convicted the Chinese have no problem with using people like him as target practice.
They like executing people for white collar crime over there.
Here's hopin'.............................................
Yep, Fang Fang may go Bang Bang.
released on bail
they r going soft over there
Won't somebody please think of the children of Chinese officials?!
On another note, it's funny watching the American media go ballistic over the inevitable signing of the Russia-China gas deal.
WSJ: Russia, China Struggle to Close Gap on Gas Deal
BBG: Russia Fails to Sign China Gas Deal at Shanghai Meeting
Reuters: Putin yet to seal gas deal on China visit
NYT: China and Russia Fail to Reach Deal on Gas Plan
How is the US media going 'ballistic' over the failure of the Russians to agree on shipping theoretically available gas thousands of miles via pipelines that don't exist to a country that will give them one of the most worthless currencies in history as exchange? Even the fucking Russians don't want Chinese shit paper because there's no international clearing CNY bond market to invest in.
Debt-based currency bias showing?
USD backed by debt (that never will be repaid) is better than CNY backed by a highly productive economy, and soon backed by gold?
Your "international clearing bond market to invest in" is just plain bullshit. A damn shell game.
USD is a currency backed by accounting fraud where non-performing debt is considered a backing asset. And no, rolled over debt is not performing. Performing is when it's being paid back. US govt isn't paying back any debt. Just borrowing more and building up more debt.
Sounds like switching from USD to CNY is a pretty smart move by Russia considering CNY WILL be the next reserve currency.
The Russians have lots of experience trading with soft currency nations:
http://en.wikipedia.org/wiki/Comecon
Plenty of experience laying pipe as well, although I expect western interests will get a piece of the action. You know... the rope to hang you with?
His name is kickass. Fang Fang.
hang hang fang fang
BY HIS LITTLE YANG YANG
Oh shit!
Some guy who issues fake money has been arrested...by...people who...issue fake money.
*yawn*
I don't think you could reconize a fake bill from the real one, if you saw one.
"Won't somebody please think of the children of Chinese officials?!"
Sure, there's probably a few more bullets laying around to ventilate them too.
Apples don't fall far from the tree and all that....
Is this really hurting US ? or actually hurting more Chinese ?
I am confused.
It hurts no one. It is just for show.
At least the Chinese have given a signal that they realize the real puller of the puppet US government's strings is the international banking cartel. Hopefully when the time comes to create the third world war, the Chinese (and Russians) will be very selective in their targeting, to include Basel, Zurich, the City of London, Wall Street and Tel Aviv. They have shown that they know who the real enemy is. Taking out a few selected financial centers would give them the upper hand in an otherwise rudderless world.
What would the paid puppets do without their masters?
"...and the former CEO of China "
Wait, there's a CEO of a whole country?
Yeah, ours. http://www.ask.com/wiki/District_of_Columbia_Organic_Act_of_1871?o=2801&qsrc=999&ad=doubleDown&an=apn&ap=ask.com
Posted by Cobra at 6:51 AM
3. Visualize members of the physical dark Cabal, such as central banking criminals Rothschilds and Rockefellers, and other members of this Cabal such as Henry Kissinger, George Bush, the Jesuits etc. peacefully surrendering and stepping down from their positions of power, releasing control over the financial system and the mass media. Visualize civil authority arresting those members of the Cabal that do not wish to surrender. Visualize this process taking place worldwide peacefully and smoothly. Visualize the world finally being free from financial slavery, free from all evil dictators and corrupt politicians.4. Visualize bright new future for humanity, with new and fair financial system put into place, with all debts canceled, prosperity funds for humanitarian projects released, advanced technologies introduced, ecosystem healed and human beings finally being free from all oppression.
suspected of hiring a child of officials to get projects (shovel ready Bitchez).
Sounds like a pit of Washington DC officials are next in line.
Did the arresting officials also confine him to the ground floor of any building and check his personal effects for a nail gun?
i will personally buy yellen a one way first class ticket to hong kong
nosoeawe i will personally buy yellen a one way first class ticket to hong kong
----
cheapskate. where'a the private jet?
Too bad they did not call Jamie D to visit the Hong Kong office and then arrest him. That would have been something worth celebrating!
Hey, that doesn't look like Corzine?!
Those crooked old farts all look the same.
Suggest they hire Hunter Biden for consultations.
R. Hunter Biden
I wish that would happen here. Obama's uncle collecting money for the Muslim Brotherhood gets tax exempt status approved in one day by Lois Lerner and Michelle's relatives get 100s of millions to develop Healthcare.gov before having it thrown out and starting all over again. Our regime in the most corrupt, indulgent, and elitist in US history. Hard to top the Clintons but these people have done it ... In contrast, when Harry Truman left the White House in 1953, he packed all his accumulated belonging in his new Studebaker and drove home to Missouri.
China: "Oh yeah?"
Thank God. Praise the Lord.
Bringing in the thieves. Bringing in the thieves.
We will come rejoicing. Bringing in the thieves.
Fuck You Jamie Dimon, Loyd Blankfein, JP Morgue and the Goldman Sach.
May you all be locked up for doing God's work.
Everybody have fun tonight,
Everybody Wang Dong tonight,
Everybody have fun tonight ,
Everybody Wang Fang tonight
This is such great news I had to read the article twice.
When war and financial terrorism reach their limits oligarch shall rise up against oligarch.
About 7 billion people comin for you Jamie and Loyd. Hope you are ready.
Fluckin' wanker Tony Blair is next. Better hide your stash of $300 gold robbed from BOE offshore...
Is this how war starts
If you arrast our Criminals, we're going to arrest your Criminals.
Oh the Humanity.
It's like Drug dealers that kill other Drug dealers, it's a good thing, there are less drug dealers.
Escalation ain't just a happy Eskimo on a brand new snowmobile.
So china does believe in TBTJ? The next big song in china is "They shoot bankers, don't they!"
they should start to finish such people off.
I mean life in prison.
Good for the ICAC. Cronyism will be on trial.
A little O/T, but reuters is out this morning with the news of the $400bn russia-china gas deal as being a done deal. Another nail in the dollar's coffin.
http://mobile.reuters.com/article/topNews/idUSBREA4K07K20140521?irpc=932
Caixin reports that Fang Fang - the former CEO of JPMorgan Asia
Every culture has their own David Davidson or Peter Peterson or Paul Paulson in it I guess.
I see your Wang Dong and raise you a Fang Fang.
Fang Fang, soon to be suicided.
Naahh. He'll tote off 10 billion in stolen Chinese Yuan to Canada and live happily ever after. Probably already has the foreign bank accounts setup.
The Chinese government is corruption. So, to give the illusion that they have even the slighestt interest in prosecuting their own family and golf buddies, they snap into action... AND ... arrest the executive of a foreign bank. Bleahh. How this horse manure stinks.
redd_green..............Troll., or stupid,. Maybe a stupid troll? Whatever. Look in the mirror, the USA has lost World wide trust including in your back door. You are part of the problem selling out your chidrens future, does that make you Happy?
That must mean that commie red China's dictators have access to all of jpmorgans business.
At least the Chinese know what to do with corrupt bankers. Can we send them ours?