Alayne Fleischmann
 Alayne Fleischmann  (whistleblower) | |
|---|---|
| Exposed | JPMorgan Chase/Fraud |
Whistleblowing
On November 6, 2014, an article by Matt Taibbi in Rolling Stone named Alayne Fleischmann as "the central witness in one of the biggest cases of white-collar crime in American history, possessing secrets that JPMorgan Chase CEO Jamie Dimon late last year paid $9 billion (not $13 billion as regularly reported – more on that later) to keep the public."[1]
In 2014, the US Justice Department cut a set of deals with Chase, Citigroup and Bank of America by which the banks were fined without legal cases, trials or even judges. Negotiations were carried out in secret which resulted in "vague, quasi-official papers called 'statements of facts' which were conveniently devoid of anything like actual facts."[1] Alayne Fleischmann was frustrated by this industrywide effort to sweep system wide Wall Street corruption under the carpet, and stated "I could be sued into bankruptcy. I could lose my license to practice law. I could lose everything. But if we don't start speaking up, then this really is all we're going to get: the biggest financial cover-up in history."Cite error: Invalid <ref> tag;
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Later life
Despite strong skills and qualifications, Fleischmann has had trouble finding work since blowing the whistle.Cite error: Invalid <ref> tag;
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