A man has been arrested in Madrid in connection to a trading scandal

© marcp_dmoz

Spanish National police in Madrid have arrested a former JPMorgan employee for his apparent involvement in connection with the “London Whale” trading scandal.

A Spanish police statement claims he was arrested in Madrid after being located in the capital and asked to turn himself in.

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The 49-year-old man is also reportedly wanted in the United States for allegedly altering bank records to hide €4.6billion in trading losses.



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