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Chase Paid A $9 Billion Settlement To Keep This Whistleblower From Talking

Ashley Yang |
November 7, 2014 | 4:15 p.m. PST

Web Producer

The biggest white-collar settlement in American financial history came about as the result of a cover-up.

Alayne Fleischmann, a securities lawyer who worked at banking giant JPMorgan Chase two years prior to the onset of of the 2008 financial crisis, spoke out against the abuses perpetrated by her former employer and enabled by the "sweetheart deals" cut by Department of Justice and the Securities and Exchange Commission, which extended to the highest levels of management at all three entities. 

Fleischmann alleges that the DOJ, headed by Attorney General Eric Holder, and the SEC failed to prosecute Chase to the fullest extent of its fraudulent practices in securitizing sub-prime mortgages that cost the public billions in investment losses. 

"The assumption they make is that I won't blow up my entire life to [tell the truth]," Fleischmann declared. "But they're wrong about that."

Read more at Rolling Stone.

Reach Web Producer Ashley Yang here, or follow her on Twitter 



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