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JP Morgan Chase sued as ponzi scheme

“In a federal RICO complaint, homebuyers claim that Washington Mutual’s, and its successor JP Morgan Chase’s reckless lending to unsophisticated borrowers whom they knew could not afford their mortgages was a “nationwide Ponzi scheme.”

Courthouse News

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This entry was posted on June 1, 2009 at 1:55 pm and is filed under Company News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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