Associated Press on May 16, 2012 released the following:
“By PETE YOST
Associated Press
WASHINGTON (AP) — FBI Director Robert Mueller said Wednesday the bureau has launched a preliminary investigation of JPMorgan Chase & Co. following a $2 billion trading loss at the bank.
Mueller’s comment at a Senate Judiciary Committee hearing was the first on-the-record confirmation of the probe.
On Tuesday, a law enforcement official said that the FBI’s New York office is heading an inquiry into the JPMorgan loss.
“All I can say is we’ve opened up a preliminary investigation,” Mueller told the Senate panel. Mueller said that opening a preliminary investigation “depends on a number of factors,” which he did not enumerate.
Under attorney general guidelines for FBI operations, a preliminary investigation may be initiated on the basis of any allegation or information indicative of possible criminal activity. Time limits are set for completion of preliminary investigations – usually six months, although six-month extensions can be granted. Extensions of preliminary investigations beyond a year must be approved by FBI headquarters.”
————————————————————–
Douglas McNabb – McNabb Associates, P.C.’s
Federal Criminal Defense Attorneys Videos:
Federal Crimes – Federal Indictment
Federal Crimes – Detention Hearing
————————————————————–
To find additional federal criminal news, please read Federal Criminal Defense Daily.
Douglas McNabb and other members of the U.S. law firm practice and write and/or report extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition Defense, OFAC SDN Sanctions Removal, International Criminal Court Defense, and US Seizure of Non-Resident, Foreign-Owned Assets. Because we have experience dealing with INTERPOL, our firm understands the inter-relationship that INTERPOL’s “Red Notice” brings to this equation.
The author of this blog is Douglas C. McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.
Federal Criminal Defense Lawyers 