JPMorgan Bankruptcy Fraud Class Action Lawsuit Makes Strong Allegations

Daily Bail
January 26, 2012

Alleged fraud at JP Morgan.  Who could have guessed?

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Source

A federal class action lawsuit is making some strong allegations against JPMorgan Chase, claiming the  lender routinely fabricates documents to deceive bankruptcy judges into believing Chase is the beneficiary in bankruptcy cases, and goes so far as to Photoshop documents to “create the illusion” of standing “in tens of thousands of bankruptcy cases.”

According to the JPMorgan Chase bankruptcy fraud class action lawsuit, “Chase is engaged in the business practice of deceiving bankruptcy judges, Chapter 7 trustees, Chapter 11 trustees, Chapter 13 trustees, the Office of the United States Trustee, creditors, creditor attorneys, debtors in possession, debtors and debtors attorneys as to Chase’s status as a secured creditor in tens of thousands of bankruptcy cases filed nationwide.”