Gibson writes: "Laura Dimon need not look to court cases hyped on TMZ or CNN Headline News to find criminals who have escaped due justice. All she needs to do is ask her dad."



Jamie Dimon, CEO of JPMorgan Chase. (photo: AP)

Jamie Dimon's Daughter Wants Criminals Brought to Justice

By Carl Gibson, Reader Supported News

aura Dimon, daughter of Jamie Dimon, one of the most notorious financial criminals who has still managed to escape incarceration, wants to see criminals do hard time in jail. But in an article she recently wrote for PolicyMic, she apparently forgot to include her dad in her list of "6 Most Notorious Criminals [Who] Aren't Facing the Justice They Deserve."

Ms. Dimon writes about how George Zimmerman stalked and killed an unarmed boy and was acquitted thanks to Florida's "Stand Your Ground" law. NFL star Aaron Hernandez likely killed at least one man and may have been involved in at least two other murders, but he has a good defense team that has cast significant doubt on his involvement. Dzokhar Tsarnaev killed 3 people and injured 260 in Boston, and may escape the death penalty. Ariel Castro kidnapped several girls and held them as captive sex slaves for years in his house, and hanged himself with a bedsheet shortly after his conviction. Christopher Dorner, a former police officer, killed several other police officers and then eventually himself. And Jodi Arias, who won't be sentenced until February, is also likely to escape the death penalty. Jamie Dimon is no different than any common criminal, he just upended way more lives.

Under Dimon's leadership, Chase Bank sailed out of the recession on top, capitalizing on the worst practices of the subprime mortgage crisis, acquiring millions of properties for pennies on the dollar, and becoming one of America's largest mortgage servicers. Jamie Dimon's company is also responsible for rampant foreclosure fraud. His bank got rich by forcing millions of families out of their homes using robo-signed mortgage documents - meaning signatures were forged, often on documents where no proof of ownership could be established once the foreclosures were challenged in court. Dimon's company just paid $13 billion in a settlement with the US government over its mortgage fraud, but nobody went to jail and $7 billion of that settlement will actually be paid by the taxpayers.

Chase Bank also purposefully misled the public on the "London Whale" scam, in which the bank lost $6 billion making bets on derivatives with depositors' money, yet still managed to make a record $21 billion profit. Dimon escaped accountability for this bungle, even though his bank admitted to violating securities laws and two Chase traders are facing criminal charges. Additionally, one of Chase's clients was Bernie Madoff, the same guy who rooked investors out of $50 billion and is currently doing hard time in jail. Chase's penalty for turning a blind eye to Madoff's ponzi scheme is roughly $2 billion, a slap on the wrist for a megabank like Chase.

The icing on the cake is Dimon's own admission that he violated Section 906 of the Sarbanes-Oxley Act, the law that was enacted following the Enron scandal to ensure corporate executives are held personally accountable for wrongdoing within their companies. Section 906 requires all corporate CEOs and CFOs to personally sign off on periodic filings with the Securities and Exchange Commission to ensure that corporate controls are effective and that all information contained in the filings is accurate. Submitting false information to regulators or having inadequate internal controls within the company can carry a $5 million fine and a jail sentence of up to 20 years.

Dimon's admission of wrongdoing happened at an investor conference organized by Goldman Sachs, during which he said, "We have control issues we've got to fix. We're taking an ax to it. We're going to fix the problems that have been identified." Dimon signed off on JPMorgan Chase's most recent 10-Q statement to the SEC on November 1, but admitted just a month later that the company's internal controls had problems that needed to be fixed. This is smoking gun evidence of a violation of Sarbanes-Oxley, and the SEC has every right to arrest Dimon.

While the criminals Laura Dimon mentioned in her PolicyMic article all committed heinous crimes like murder, rape, and kidnapping, there have been at least 5,000 suicides attributed to the financial crisis that Dimon manipulated and exacerbated through his position as CEO of Chase. Even Dzokhar Tsarnaev's role in the Boston Marathon bombing pales in comparison to Dimon's company throwing families out of their homes and driving many to commit suicide, simply for profit's sake. Jamie Dimon is a criminal of the very worst sort, without conscience or respect for his fellow human beings, and he belongs in a prison cell.

Laura Dimon need not look to court cases hyped on TMZ or CNN Headline News to find criminals who have escaped due justice. All she needs to do is ask her dad.





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Carl Gibson, 26, is co-founder of US Uncut, a nationwide creative direct-action movement that mobilized tens of thousands of activists against corporate tax avoidance and budget cuts in the months leading up to the Occupy Wall Street movement. Carl and other US Uncut activists are featured in the documentary "We're Not Broke," which premiered at the 2012 Sundance Film Festival. He currently lives in Madison, Wisconsin. You can contact him at This e-mail address is being protected from spambots. You need JavaScript enabled to view it , and follow him on twitter at @uncutCG.

Reader Supported News is the Publication of Origin for this work. Permission to republish is freely granted with credit and a link back to Reader Supported News.