U.S. prosecutors urged former London-based JPMorgan Chase & Co. - TopicsExpress

U.S. prosecutors urged former London-based JPMorgan Chase & Co. (JPM) traders Javier Martin-Artajo and Julien Grout to surrender and face charges that they attempted to hide trading losses tied to the bank’s $6.2 billion loss on derivatives bets last year. Martin-Artajo, a Spanish citizen, andGrout, a French citizen, should “do the right thing,” Manhattan U.S. Attorney Preet Bharara said at a press conference yesterday. Both men face as long as 20 years in prison if convicted of the most serious counts, including conspiracy and wire fraud.

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