JPMorgan Chase & Co on Wednesday dismissed several employees who allegedly misused funds that were supposed to help businesses dealing with the COVID-19 pandemic, the Financial Times reported, citing a person familiar with the situation.
FILE PHOTO: A woman passes by a JPMorgan Chase bank in Times Square in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo
Individuals who fraudulently obtained loans under the Economic Injury Disaster Loan program had not been acting as JPMorgan employees, the person said. The lender found that some of its own staff had deposited suspicious EIDL funds in their Chase checking accounts, according to the report.
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