Jamie Dimon, head of JP Morgan is at it again after calling Bitcoin a fraud, the swine is up to to no good himself and JP Morgan get busted for Money Laundering!!
How can we trust the banks anymore?
JP Morgan one of the worlds biggest banks are caught Money Laundering!!
What does that tell you about them and just how corrupt they actually are??
Jamie Dimon has offered baseless condemnation on bitcoin for many years, calling it a bubble, a fraud, and a money laundering tool. This week, ironically, JPMorgan was cracked down for money laundering, after being fined $4 billion for mortgage fraud in September, merely two months ago.
The banking system is old, dated and time for an update is a must.
This is why we need Bitcoin, it is the perfect system. A decentralised protocol run on mathematical laws that can not be manipulated in anyway shape or form.
Dimon falsely accused bitcoin of being a money laundering tool earlier this year. Then, JPMorgan was fined $4 billion for committing mortgage fraud, and has been busted for money laundering.
If you have trust in the banks anymore in my opinion you are CRAZY!!
Today, ironically, leading Swiss daily news publication Handelszeitung reported that the Swiss subsidiary of JPMorgan was charged by the Swiss regulator, FINMA, for money laundering and “seriously violating supervision laws.”
FINMA ruled on June 30 that JPMorgan Switzerland had “seriously infringed” regulatory oversight provisions, according to a ruling issued by the Federal Administrative Court on Nov. 8 and published on Thursday.
The case involved a “violation of obligations of diligence on questions of money-laundering,” the court document said.
The court had been examining whether FINMA’s previously undisclosed decision on JPMorgan could be made public, in a case first reported by the Handelszeitung paper.
Both FINMA and JPMorgan declined to comment on FINMA’s ruling and it was unclear what action, if any, the regulator had taken against JPMorgan.
FINMA is not authorized to levy fines, but may confiscate unlawfully realized gains, impose professional limitations on bankers or require an organization to make changes to prevent similar breaches recurring. In severe cases, it may revoke an institution’s banking license.
The hypocrisy and the conceitful nature of major banks and financial service provider will only result in the demise of the finance industry in the long-term, as decentralized networks continue to render intermediaries obsolete.
Banks are running scared of bitcoin they fear what it will do & how it will hurt them. This is the biggest disruption we may ever see. The banking system has never had anything challenge them before and now Bitcoin will be the new monetary system to the world.
Villains like Dimon are abusing their power with public statements about bitcoin being a fraud, a bubble, saying it will never work, blah blah blah now we can see the real truth and just how corrupt they actually are.
What are your thoughts on JP MORGAN caught MONEY LAUNDERING?