Corrupt Unlawful Actions Banks And Big Business

America, Isn't There A Better Way?

Corrupt, unlawful actions and yet no one is going to Prison.
Could this also explain why the lawmakers are creating laws against the voters instead of regulating Big Business, Insurance, Banks, and Car Companies?


Swayed by the payments, the county commissioners voted to select JPMorgan's securities division as managing underwriter of the bond offerings and its affiliated bank as swap provider for the transactions, the SEC said.
JPMorgan failed to disclose any of the ??unlawful payments?? or conflicts of interest in the bond offering documents, but passed on the cost of the payments by charging the county higher interest rates on the swap transactions, according to the SEC.
"The transactions were complex but the scheme was simple," SEC Enforcement Director Robert Khuzami said in a statement. "Senior JPMorgan bankers made unlawful payments to win business and earn fees."
MacFaddin's attorney, Richard Lawler, said his client "has at all times acted properly" in his dealings with Jefferson County. "He denies he has violated any securities laws and we're confident he'll be vindicated after trial," Lawler said.