What J.P. Morgan’s ‘Worst Nightmare’ Thinks About Whistleblowing

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What J.P. Morgan’s ‘Worst Nightmare’ Thinks About Whistleblowing

What J.P. Morgan’s ‘Worst Nightmare’ Thinks About Whistleblowing

WSJ-

She surely ranks as one of the world’s most successful whistleblowers, but Alayne Fleischmann, whose revelations about former employer J.P. Morgan cost the bank a $13 billion settlement with regulators, still doesn’t think justice has been done.

A Canadian who worked as a securities lawyer at the bank between 2006 and 2008, Ms. Fleischmann turned over information on the bank’s dealings in sourced mortgage-backed bonds before the financial crisis, conduct Attorney General Eric Holder said “helped sow the seeds of the mortgage meltdown.”

Ms. Fleischmann’s role as a whistleblower was revealed in an interview last November with Rolling Stone magazine, which dubbed her J.P. Morgan’s “worst nightmare”.

[WALL STREET JOURNAL]

image credit: Reuters

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