Reuters reports that the latest former JPMorgan executive to retain a lawyer to deal with the federal probe and the bank's ongoing internal investigation is Irvin Goldman, who was the chief risk officer for the bank's Chief Investment Office (CIO) during the period when the trading losses began to mount.
Goldman, who resigned last week, has hired a New York defence attorney to represent him, confirmed a person familiar with the matter who did not want to be publicly identified because the investigation is continuing. Goldman is at least the fifth person once employed by JPMorgan to retain counsel in the matter some have dubbed the 'London Whale' blunder.
In the meantime, Bloomberg reports that former JPMorgan banker Alexander Wright pleaded guilty to conspiring with a former UBS AG broker in 2002 to rig bids on a bond deal involving a New Jersey hospital.
Wright, 45, pleaded guilty to a single count of conspiring to commit wire fraud in a hearing before U.S. Magistrate Judge Frank Maas in federal court in Manhattan Thursdayy. Rebecca Meiklejohn, a lawyer with the Justice Department’s Antitrust Division, told Maas that Wright will testify in the criminal trial of three former UBS bankers, including Gary Heinz, whom Wright identified as his partner in the conspiracy.