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Article: SEC CHARGES TWO FORMER DIRECTORS OF J.P. MORGAN SECURITIES WITH FRAUD IN CONNECTION WITH UNLAWFUL PAYMENT SCHEME TO OBTAIN MUNICIPAL BOND, SWAP BUSINESS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 12, 2009
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WASHINGTON, Nov. 4 -- The Securities and Exchange Commission issued the following litigation release:
The Securities and Exchange Commission today charged Charles E. LeCroy and Douglas W. MacFaddin, two former directors of J.P. Morgan Securities Inc. with fraud in connection with an unlawful payment scheme which allowed J.P. Morgan Securities to obtain $5 billion in Jefferson County, Alabama municipal bond offerings and swap agreement transactions.
The SEC complaint, filed in the U.S. District Court for the Northern District of Alabama, alleges that between October 2002 and November 2003, LeCroy and MacFaddin directed over $8 million in payments from J.P. Morgan Securities to close friends ...
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Article: Jefferson County, Ala., Selling $275MOf Sewer ...
The Bond Buyer;
March 13, 2001 ;
578 words
... ... issue in a series of sewer debt will be sold today by the Jefferson County, Ala., Board of Supervisors, leaving close to $1 billion ... Leach Inc., the firm heading up the transaction. J.P. Morgan Securities Inc. is the co-manager. The proceeds will be used to ...
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