Revised on May 25th 2018 (initial version June 12th 2017)
This account of the “London Whale” case is based on 5 years of continuous in-depth analysis. The study was based on the documents available in the public domain. I have cross-referenced them with my experience of the time. This is my story. It has not changed over the years...
For those who are familiar with this scandal already, they should straightaway save time and read Confidential Impunity. This text displays the genuine story based upon my account as it was done before the authorities.This is the story that Jp Morgan has always known and still concealed.
For those who are not familiar with this quite interesting scandal, they should first read a useful Preamble. They next should read quickly but carefully what is below and then turn to official versions vs facts in order to grasp the lasting misleading representations that still appear on the public stage.
Next they should take some time to read 5 facts -5 realities- 3 dates . That is really picturing what my role has been. This is going straight in opposition to the media legend of the "London Whale". Neither the bank nor any authority involved in the subsequent investigations will make the effort to clarify what I show here. Yet as one will see the evidence is already in the public domain since March 2013. Actually some of this evidence will be redacted later on (for that purpose see
Some more documents below are here for the more curious readers...
The “London Whale” case is a huge trading scandal that occurred at the CIO of the US bank Jp Morgan in second quarter of 2012. It is not pictured correctly by any public report so far. There are topics that investors, employees, and the public in general should be aware of :
A full disclosure of the existing evidence should be made in the public.
click on "what is the purpose.pdf" for more details
(see official versions vs facts).
What is the “London Whale”?
The “London whale” is a trading scandal that occurred in 2012. It coupled with an accounting fraud, a massive market manipulation and a unique media manipulation. One name came under the spotlights: “Bruno Michel Iksil”. Who was he? What was he doing at Jp Morgan Bank? A clear answer never was given yet 5 years on…Was he just a “marionette” moved in the financial markets by the bank senior executives like a bait on the hook? Who could gobble such a gross bluff? The extracts below will show the ongoing confusion that has been entertained…. see the morphing tales and not reliable
Once upon a time, on the surface of things?......
click on "what is the London Whale.pdf" for more information
Some regulators (also called financial markets watchdogs) and potentially hundreds of millions of savers felt misled by Jp Morgan statements at the time of events (the bank admitted it for part in September and October 2013 paying overall a fine of about $1 bln and settling many other pending litigations with the US government for $13 Bln more). Was it such a big deal for Jp Morgan now that the CIO and its “tranche book” were dismantled as planned since late 2010? No it was not a big deal for Jp Morgan ultimately once the CIO was dead for good in July 2012. Once they understood that the US bank had never been really endangered by the well publicized losses, some investors felt rightly so that they had been stolen some of their savings after they had felt compelled to engage in panicky trades that they would not have done otherwise. Please click on the next tab called "One regulator, One Bank, One Var" next to this Tab... See also 5 facts- 5 realities- 3 dates