Ex-JPMorgan trader open to voluntarily facing U.S. criminal charges

Beached Whale

A lawyer for a former JPMorgan trader accused of helping to hide trading losses tied to a $6.2bn financial scandal said on Wednesday his client was open to leaving France to voluntarily face U.S. criminal charges.

Reuters reports that Julien Grout, the former trader, is accused of participating in a conspiracy to hide losses within JPMorgan's Chief Investment Office in London by marking positions in a credit derivatives portfolio at inflated prices.

He and another one-time trader at the bank, Javier Martin-Artajo, are considered fugitives by the U.S. government for not coming to the United States to face trial over charges stemming from the so-called London Whale scandal.

But at a hearing in federal court in New York, Marc Weinstein, a lawyer for Grout, told U.S. District Judge George Daniels that talks were under way with prosecutors about a bail package that would enable Grout, a French citizen, to come to the United States.

To access the complete Reuters article hit the link below:

Ex-JPMorgan trader in 'Whale' scandal open to facing U.S. charges

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