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Prosecutors investigate JPMorgan over alleged mishandling of fraud cases
The probe centers on claims that JPMorgan improperly denied customer reimbursements of more than $100 million after financial scams.
Prosecutors are looking into allegations that JPMorgan mishandled fraud cases, according to a Markets report from the Wall Street Journal.
The dispute involves a former executive’s claims that the bank improperly denied customer reimbursements exceeding $100 million for victims of financial scams.
The WSJ Markets report says the allegations relate to how reimbursements were handled in connection with the alleged fraud victims and associated claims by JPMorgan customers.
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