Regulators: JPMorgan illegally let Lehman Bros. count customers’ funds as its own

In yet another instance of corrupt bankers stealing client money and gambling it away, this article from the Washington Post explains how JP Morgan Chase & Co. counted client money from Lehman Brothers as if it belonged to the firm. While JP Morgan settled out of court, there was no apology or acknowledgement of wrongdoing.

Regulators: JPMorgan illegally let Lehman Bros. count customers’ funds as its own