Ex-JPMorgan banker on the run 8 years lands in US court

[Judi Lynn]

Source: Bloomberg News

Ex-JPMorgan banker on the run 8 years lands in US court
Jun 24, 20168:57 AM

(NEW YORK) A former JPMorgan Chase & Co private banker appeared in a US courtroom after eight years on the lam in Argentina where he fled to avoid embezzlement and fraud charges.

Hernan Arbizu pleaded not guilty to 15 counts on Thursday after being accused in a 2008 indictment of stealing more than US$5.3 million from customer accounts at UBS AG and JPMorgan by making at least a dozen unauthorised transfers.

He's in plea talks with the government, Assistant US Attorney Sagar Ravi said.

The US and Argentina gave slightly different takes on how Mr Arbizu finally arrived back in New York to face trial. A week after Argentina said it was going to extradite the former banker, US District Judge Lewis Kaplan on Thursday wondered why it took years to accomplish that.


Read more: http://www.businesstimes.com.sg/banking-finance/ex-jpmorgan-banker-on-the-run-8-years-lands-in-us-court

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[cstanleytech]

1. So, 8 years on the run and they are in plea talks with him??? Unless he has the goods on alot of the

bigger fish and I mean goods that will make it so they end up with 20+ years in prison for each conviction and not a freaking joke of a fine it is BS imo to be in plea talks with him.

[Hoppy]

2. I don't think he should get any prison time. He is a job creator. Not a taker.

Relax, Bertha. It's sarcasm.

[Festivito]

4. Ironically, he created socialism type jobs in police, courts, diplomats, and investigators.

And I do not mean it as sarcasm.

[JesterCS]

3. On the run 8 years, and pleads not guilty....

That in itself says alot