NYAG Eric Schniederman Announces First Fraud Task Force Target: J.P. Morgan Chase
Last January, President Obama announced in his State of the Union Address that a joint effort between state and federal authorities would aim to bring Wall Street's ass to court for civil fraud violations. Although the frustrated liberal base wanted jail time for the 2008 financial crisis, this legal move sought to collect fines from some of downtown Manhattan's top dogs. And to lead this bank justice team? None other than Governor Andrew Cuomo's successor, New York Attorney General Eric Schneiderman.
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