This page has been archived and commenting is disabled.
JP Morgan Employees Said To Steal $400,000 From Eight Dead Clients
In the wake of 2008, it’s probably safe to say there isn’t a person alive who completely trusts a banker.
If, however, you happen to be dead, it’s more difficult to scrutinize the activities of those conducting your finances, a fact underscored by the alleged theft of hundreds of thousands of dollars from at least eight accounts belonging to deceased clients of JP Morgan.
According to an indictment filed this month in State Supreme Court in Brooklyn, Jonathan Francis and Dion Allison, employees at a Bedford-Stuyvesant branch, made hundreds of withdrawals from the accounts using ATM cards they issued. One of those charged told investigators he "used the log-on IDs of co-workers when they walked away from their desks," Bloomberg reports.
As The New York Times goes on to recount, “Mr. Allison, 30, and Mr. Francis, 27, created bank cards for several of the dormant accounts [and] with two friends, Gregory Desrameaux, 24, and Kery Phillips, 40, the men then withdrew most of the stolen money, about $300,000, by using A.T.M.s around New York City.”
(from left: Francis, Allison, Desrameaux)
But it gets worse. Here’s more from The Times:
In April 2013 alone, members of the group made withdrawals on 26 of 30 days, according to the indictment. One night at a Chase branch at Nostrand and Church Avenues, they withdrew $1,000 from one account; 49 seconds later, group members took out $1,000 from a different account.
By May of that year, people in the group had created fake power of attorney documents. That gave Mr. Phillips control of four of the dormant accounts, Adam Zion, an assistant district attorney, said in court on Monday.
This allowed Mr. Phillips to withdraw much more money than the daily A.T.M. limit, up to $9,500 at a time, through a teller.
In another example of the scheme, in February 2013, according to the indictment, Mr. Allison created a bank card for one account. That May, at a Chase branch on Flatbush Avenue, Mr. Phillips turned in fake power of attorney documents giving him control of the account. The same day, prosecutors said, Mr. Phillips withdrew through a teller $49,929.91 — everything that remained — from the account.
The four face charges of conspiracy, grand larceny and falsifying business records and could face up to 15 years in prison if convicted.
Allison was arraigned on Monday. Francis denies the allegations as does Desrameaux. Phillips is in the wind apparently. As others have noted, this isn't the first time JP Morgan employees have stolen from customer accounts. Earlier this year, Michael Oppenheim, an investment adviser, was charged with stealing $20 million from seven of his clients while Peter Persaud, who also worked at a Brooklyn branch, allegedly sold client account numbers, Social Security numbers, and DOBs to an undercover agent.
So while you can apparently still go to jail for robbing clients the old fashioned way, JP Morgan, like its bulge bracket brethren, can count on token fines and wrist slaps for rigging FX markets, diverting excess deposits to massive curve trades in off-the-run CDS indices, and other instances of more "innovative" highway robbery.
And the punchline to the whole story: it comes courtesy of weak internal procedures meets Washington's grossly inefficient bureaucracy:
While prosecutors believe most, if not all, of the account holders have died, benefit checks continued to be deposited because of faulty reporting to the Social Security Administration.
»
- 104 reads
- Printer-friendly version
- Send to friend
- advertisements -
They're niggers... what do you expect.
Thank god they didn't invade the dead homes too. Or did they?
Decency. Whites steal from the living.
JP Morgue, seems fitting. This time literally.
Scavenging is NOT decent.
Dey din du nuffin. Dey gud boys. Dey go to synagogue.
Disintermediated inheritance tax and wealth redistribution!
"
...and promotion to head office in Manhattan.
My question is, why are the janitors allowed to access the computers?
its day culta, blacks make natural baners/convicts day jus like us. not
Not as bad as these three things that couldn't wait until the victim had died before stealing money from her bank account with an ATM card.
We need to take responsibility for our own safety, and to have our mind, body, and equipment ready at all times. We all need to work together to create an environment that is hostile to bad guys.
So what, when are the fraudsters going to be held accountable for the 2007/8 financial crises? S&P memo's stating we know they aren't grade AAA but rate them that way anyway.... Corzine, enough said. These guys stole money and will go to jail but its a drop in the bucket.
Hedgeless ... Funny how Whites (or Blacks) don't protest these Brutal ruthless Rape+Killings... Jesse J where are you???
Sons of Obama strike again.
They got too greedy, gotta mix it up, use a white bitch or two...
These guys will do time for just $400 large? Steal $1.6 billion, you walk. Free Corzine!
Nope , Kneegrows are not part of the good old club , they have to pay full price , life in prison (work for free now , new form of slavery for our kneegrows )
So, it appears that the problem is that they didn't steal enough!
go ahead, spell out your racist agenda
Racist? How so?
If I have an agenda, it is spelled out in the last paragraph of my comment, and my article it is linked to.
@Hedgeless Horseface.
So that's the only article you can find of criminal behavior? Really? And it's a coincidence they happen to be black. Fuck off asshole.
it doesnt take long to notice the pattern .
go ahead, do your wn research......if you dare.
if it is gang violence, it is overwhelmingly likely to be black perps. If you dont like it , blame the doj and fbi for compiling those racist statistics...lol
I think the picture paints itself.
Yes, a dark canvas it is indeed....
Here's mine: reality is racist. I support recognizing reality as it is.
You don’t have to die. Go check with your bank, technically a ‘Dormant Account’ is any account without any activity in the last 6 months or more.
Many people discover this later when they see the ‘Dormant Account’ fee being deducted, not everyone checks their statements.
Thankfully the preacher husband already forgave his wife's attackers. Maybe they both forgot to pray for their own safety in the days leading up this? FUCKING PATHETIC
If this is the story I think it is, the guy left his house to go to the gym AND LEFT THE DOOR UNLOCKED FOR HIS OWN CONVIENCE. Our gun instructor sent an email around about a guy who came home from an early morning workout at the gym to find his wife dead because he did this.
I always lock the door behind me, for her safety. Im slightly paranoid and very cautious. Grew up in the big city.
The dude completely screwed up! Horribly sad. She could have had a clue it was going bad.
I haven't locked my door for 10 years, save for when we go on vacation. Don't know anyone who does. But then, we choose to live in an area where everyone is armed and the crooks know it.
People who do this are nuts, could happen anywhere. Like i said, cautious.
Just saying.
I'm not disagreeing with caution or your logic. That said, it is trivially easy to gain entrance into a modern american home. A locked door won't keep you safe. As for people coming in and stealing my stuff, none of it is particuarly valuable, and in the end it's just stuff.
I live very rural after years in large cities. I never lock shit, anyone I can see from my porch is trespassing and if the dogs don't get them the bullets will. In some areas of the country criminals know everyone is armed and know there are easier pickings elsewhere. Glad I moved away from elsewhere.
When I was student living in Boston's Back Bay, my apartment was broken into and ransacked.
Nothing was taken, since there was "nothing valuable" there. Fucking materialist idiots.
I agree its not about stuff, its about assault, rape death and giving them a break on access. Seconds count wrt defense. I dont ever expect to have to deal with anything like this, but it has happened in the nice area where i live, not gated. Happened about 10 miles away. Guy was shot which is expected here, so it is very rare. Again hv to be crazy to do that here as there are food banks and church assistance plus big gov assistance.
Niggers.
Fuck 'em.
At least the bankster niggers were 'moving on up' before they got caught.
"Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it.
they were trying to turn their lives around . . . .
Meanwhile ... their jew bosses:
http://goo.gl/GhmvGI
So ya hate blacks and ya hate jews, but loves some gay porn. What will we find if we invade the trailer home Bud? I hate to imagine...
That's just making $ exploiting other people weaknesses
You need to play the cards in the deck. These ARE the cards.
You motherfucker, I'm at work.
Probably just seeking reparations for the slave trade.
That works out to about 10 cents per slave. Disappointing, but beats the hell out of the 40 acres and a mule promise...
Black accounts matter.
What do these three have in common? Hmm........
#DEADCLIENTSMATTER
If I had a son...
One occurring theme joins this story together with so many others....can you guess what that is?
http://beforeitsnews.com/global-unrest/2015/12/gangs-in-london-can-you-g...
Avg 70 IQ. Niggers will be niggers
You're a fucking nigger. Too stupid to see that these thieves worked for the bigger thieves who are only pissed off because they didn't get their cut.
It is only on these four guys that these accounts stayed active after the clients were dead, right? RIIIght?
Did you know the Morgue and companies like them take out life insurance on their workers? Not to mention all the HFT shit, other market rigging, tax loopholing, bailout getting, welfare queen shit the real "niggers" are up to.
You need it all black and white (so to speak) because you are too fucking lazy to evaluate situations on a case by case basis. People are people.
For any white collar job companies take insurance policies out on their employees. Wake the fuck up. Engineers, doctors, lawyers, all other white collar jobs...all have life insurance policies owned by the company. Too bad you never had a decent job. Go get me a fucking coffee you peasant.
These noobs are pretty obvious.
xythras- View
- Votes
Relationships- Relationship actions
-
- Become xythras's Contact
Historylol
Got a new IBM Think Pad on Black Friday. Took two weeks to find someone to show him how to steal the wifi from a nearby trailer...
"People are people" tell that to sickle cell and transplant surgeons etc (my comma key broke fuck off).
It's likely more than these four are involved do you believe people with an average IQ of 85 could do this scheme (FFS Tyrone follow orders!)? Draining the entire account of the remaining 49k is fucking amateur. At least the other guy went big trying for 20 million...
What is bitcoin?
and the rest of the employees steal from all of us that are alive
In other news all big banks and their enablers steal billions, government winks..
These assholes are paid good money to steal from live customers! WTF??
Corzine of The Dead...
Isn't fucking somebody after they die known as necrophilia?
proxy necro. see sam kinneson on that. very funny. OO oo oooo!
Edit: here it is
https://www.youtube.com/watch?v=npbFzDwAzUY
There goes the diversity ratings.
Racist
clearly these guys never saw the movie "office space"
Difficulty in conceiving of the long-term.
It's a common enough problem, and doubly so among the dindus.
Affirmative action. It works!
- JP Morgan advert
They only did what JOHN CORZINE did.
Free John Corzine and Da Brudders!
These crimes were of the unsanctioned non-whitecollaresque variety.
Book 'em Dano.
Fortunate they didn't steal a bag of chips or they'd be dead.
You wouldn't believe how much the white ones stole from the living ones... Crooks all of them.
"Eric Holder, Eric Holder please pick up the white courtesy phone please".
eric "my people" holder would't prosecute these din do either.
Loretta Lynch is the new race baiting head of the "Justice" department. Same shit with a vagina.
http://www.killingmycareer.com/wp-content/uploads/2015/08/JP-Morgan-John...
https://static1.squarespace.com/static/532b6f68e4b063a5e1050cc1/54c9b0b5...
Why do these people even bother to get a job. Just become a professional thief. But then again, Obomba pretty much steals from us everyday and he got a job..
He must be their mentor!
if he had a son...
He has a job. By the way, "Professional Thief" is a "job". Hence the term "professional". Done. That should do it. Take this and go collect that GED.
Professional Thief = JPMorgan CEO
To me, they all look like Obama...
I noticed that as well. I bet all three of their mothers are white mid-westerners with jungle fever...
Yeah but they align with White people.....
Why should "we" provide room, board, medical coverage and cable teevee and the what for these din do nuffins for 15 years?
Death Penalty is way underrated these days....
I think Sherriff Joe has a reasonable plan. at least for non-violent convicts. I doubt many convicts want to become repeat offenders.
If B.O. had a son...
It would be a miracle since you know Michele is a, well a man and Obozo is well, totally gay. Anyone ever see a picture of her pregnant? Me and my wife have plenty of her pregnant just like everyone else. But never one of the 1st "Lady".
If B.O. had triplets....
Free Corzine!
JPM will fire them....for not covering their tracks better. This is the low level stuff that every JPM trains on before moving up to bigger things like fixing markets and such. Employee training program is working as designed.
Let me guess. Aspiring rapper, honor student, about to turn his life around, my baby dindu nuffin.....
" Aspiring rapper, honor student, about to turn his life around"
Aspiring rap-sheeter, criminal-(strikethru)justice(/strikethru) student...
*the strike html tag isn't honored, but you get the idea.
What scum!
Why would JPM hire these people? Now the taxpayer is liable for paying their future living expenses--jail. Thanks Obama.
Even if they don't hold a job, they want their EBT cards, their Section 8, public assistance and Obamacare. The point is that the taxpayer is liable for all these people's future living expenses, in the meantime, they don't at least carry their weight contributing to society.
https://www.youtube.com/watch?v=xLTTX35LNJo
Hopefully Trump will have a solution to this problem, such as exporting this thugery to their Third World ancestric origins. Why would America want people who feel they are ENTITLED to everything without actually EARNING it? These thugs determined they were entitled to other (dead) people's money, it is disgusting that they have such a sense of entitlement.
https://www.youtube.com/watch?v=v921CaZYsow
No different than a Lawyer salivating over a Probate case.
I thought actions like that would result in a promotion at JP morgan. Maybe they didn't like him bringing in banking outsiders to the theft. Well, he also cut the bank out of their cut. That's a big no no.
Same philosophy used by Spartans. Punishment meted out not because of the crime but because stupid enough to be caught.
They are all black..they must be racist thieves.....
Who dat?
Obama's response:
"If I had sons, that I know of, they would look and act like these heros."
Fucking Mormons!
Damn, even the half-intelligent nonviolent blacks are fucking up. Must have a high preponderance of Nigerian genes, lol.
http://newobserveronline.com/zulu-king-blacks-destroying-south-africa/
http://www.iol.co.za/news/politics/king-praises-apartheid-regime-1956136...
$400,000 ..... How much in $35 overdraft fees has this bank stolen from people in the past week? Got to be at least 4 mil.
"Adam Zion, an assistant district attorney, said in court on Monday."
LOL They were being prosecuted by a Mr. Zion!!!
The lesson here is never steal from a Zionist...even if they are dead...
America is not a sovereign nation, it and all of NATO are run from a child brothel in Tel Aviv...
Will JPM make the abused clients whole again?
Promotions are in order here boys.
Except that they got caught, I agree.
They should have cooked up a derrivative that they traded back and forth between the 8 dead clients, all the while taking fees and commissions everytime the derrivative changed hands. Skim, profit. Don't kill the goose.
Brilliant idea! I'm surprised the attorney(s) for the deceased (and or the State) didn't get all the money before them.
"When you spread the wealth around, that's good for everybody."
Where have I seen this before? Oh yeah, Mo Money! Mo Money! Mo Money!
https://www.youtube.com/watch?v=Tv8DrCwuxyQ
"Trying to get his act together, a con artist gets a job in a credit card company. He falls in love with a fellow employee"
they only charged them cause they are black
black bankers lives matter
This is a much more dignified way to go about it than what we all saw in Weekend at Bernies, no?...Did they parade around 8 corpses & play Reggae music?, noooo...no harm/no foul...play on playa..play on
am I the only one thinking of eddie murphy meeting the duke brothers in "trading places" & picturing jamie dimon patting one of these guys on back & saying: "I told you he'd understand..."?
I was thinking more of....
https://www.youtube.com/watch?v=H2E6L6Y81B8
I wonder if they voted for 0bama....
Want to see something funny, do a FOAI (freedom of information act request) for the complete voter registration roll, ask for it in electronic format on a CD. Then do a FOAI request for all the arrest made for a year say 2014. Cross reference it and you will see that most crimes are committed by Democrats.
The Fed, banksters and governments are stealing trillions from the dead every second of every minute of every hour of every day. Be sure to let us know when their mass arrests hit the headlines.
Of course the JP Morgan guys they arrested are black LOL
they are not as rich as mr. dimon, that's why they are going to jail.
Are Zero Hedge commenters really this dumb and racist? How does one report racist or hateful speech? ZH should just implement Disqus for the comment section.
some are. I don't like it anymore than you but I don't want the sjw police here either... in a way it's actually useful to have an uncesored "pulse" (i.e. I'd rather know what people are actually thinking than what they think won't get censored). fwiw I'm married to a jew (& raising our kids jewish) & a lot of the anti-semitic stuff on this board concerns me but I'd rather deal w/the actual cause (ex goldman robbing the world blind) than futilly try to censor misdirected anger at it...
I see your point about better yo know, gets a little much, somethimes I wonder if is planted just to turn people off from information sources.
Ahem, anti-zionista, not anti-semitic.
Now niggers, the tools of the zionistas, that's another issue.
Man, you must be new to this forum. They are more racist and a lot more stupid than what you are seeing here. If those same three were featured in an article because they performed some brave or heroic act the comments would probably be even worse.
here on ZH, we are true to our thoughts
Yes and print only those comments approved by the Thought Police.
Disqus is full evil domination censorship on automated steroids.
Suck it up, put on your big girl pants and ride out a few hurty names for the sake of exchanging real information.
Or cry yourself to sleep a lot. .. Your choice.
~ DC
a white bankster would have jumped
fucking black cowards
American Politicians and their Generals can go around the world bombing countries into rubble,killing hundreds of thousands and displacing millions.Swindling and murder are no different.The leaders in America are the real criminals.The CIA who controls the world heroin and cocaine trades are the ones who are behind the reasons for serious crime.
Good thing those ATM machine don't have cameras on them. Genius plot by Obama's sons
Just turn these guys over to the Bedford Stuy neighborhood from whose dead relatives they stole.
After detailing the Amanda Blackburn murder/robbery, “hedgeless_horseman”, wrote “We need to take responsibility for our own safety, and to have mind, body, and equipment ready at all times.” Below at 12/29, 15:00 (reply)
As I have advised numerous times, this will be done only by groups of private men – completely independent of license from official cutthroats and thieves; the same that was done by Jefferson, Paine, Madison and a few hundred others some 250 years ago.
You see, it can be done – but men must know what and how to do it.
Stop profiling black people! only difference, their white bosses are stealing billions!
And the Prosecutor is called Zion. You could hardly make this stuff up. Bet his next target is Jamie Dimon.
"THEY" perp the vast majority of crime of all sorts on a "per capita" basis (the libtards are incapable of understanding this).
I am Jacks' through lack of surprise.
I guess it is as the saying goes, "The only things certain in life are Death, Taxes and Bankers are going to screw you."
Morgan 'I amWhite , we dont steal'
(actually we loot billions)