Whistleblower exposes US Government’s cover up of fraud by bank


Alayne Fleischmann is a Securities Lawyer and former employee of JP Morgan Chase who has recently disclosed the US government’s involvement with covering up the “biggest cases of white-collar crime in American history.”

Fleischmann provided these details in an interview with Rolling Stone in which she describes working for JP Morgan Chase as a deal manager between 2006 and 2008. She witnessed crimes relating to compliance and diligence sabotage including intimidation, abuse, “toxic loans”, and policies such as banning email to avoid paper trails.

Apparently, that was just the tip of the iceburg:

Everything that I thought was bad at the time turned out to be a million times worse” Alayne Fleischmann

According to Rolling Stone, Fleischmann sent a letter to William Buell, a managing director at JP Morgan Chase. The letter “warned Buell of the consequences of reselling bad loans as securities and gave detailed descriptions of breakdowns in Chase’s diligence process.”

Amazingly, instead of prosecuting JP Morgan Chase, the government “decided to help Chase bury the evidence” and charges against the bank, were “suddenly canceled, and no complaint was filed.”

Fleischmann serves as an extraordinary role model, unafraid to stand up against the corrupt powers that be:
I could be sued into bankruptcy. I could lose my license to practice law. I could lose everything, but if we don’t start speaking up, then this really is all we’re going to get: the biggest financial cover-up in history.” – Alayne Fleischmann

(Read the Rolling Stone article here: http://www.rollingstone.com/politics/news/the-9-billion-witness-20141106)

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