Written by Biloxi
It looks like SEC whistleblower and former JP Morgan Chase employee Linda Almonte's case is being dismissed with prejudice as the case enters a final judgment. Click here to view the court filing. Ms. Almonte sued Chase wrongfully termination of employment. She has claimed that she was fired because she had refused to participate in the sale of 23,000 credit card accounts Chase had packaged for sale. Ms. Almonte claimed that 5,000 of the credit card accounts were listed the wrong amount owed and that thousands more had other problems. Here is an excerpt of her court filing last month:
12. Plaintiff had witnessed Chase’s cutting corners and fudging numbers, but refused
to participate in this latest effort by Chase to defraud the federal government, investors, auditors
and potential buyers.
13. Plaintiff expressed her concerns that Chase was intentionally misrepresenting the
14. Plaintiff warned Chase that it was violating federal and state law by attempting to
defraud the federal government, investors, auditors and potential buyers.
15. Plaintiff’s manager, Jason Lazinbat (“Lazinbat”), warned her that she had better
go along with the plan to sell the misrepresented asset.
16. Lazinbat directed Plaintiff to forego the formal processes required to validate the
17. Plaintiff elevated her concerns to the next level of Chase management.
18. Plaintiff made it clear to Chase management that it was violating federal, and
possibly state, law by intentionally misrepresenting material aspects of a $200,000,000
19. Plaintiff made it clear to Chase management that she would not participate in the
20. Because Plaintiff refused to commit criminal acts in furtherance of Chase’s
ongoing and widespread fraud and related conspiracy to defraud, Chase terminated her on
November 30, 2009.
Chase denied Ms. Almonte's allegations that she was fired and refused to compensate her in punitive damages and attorneys fees. You can view Chase's response here. In the end, both Ms. Almonte and Chase are responsible for their own attorney fees and costs.
Chase's case against Ms. Almonte's wrongful termination of employment is over but Ms. Almonte's SEC complaint will not go away. C. Thacker of Legal Morass filed a complaint and evidence with the Ohio Attorney General, other state Attorneys General, and federal regulators. Also, C. Thacker mailed a letter to select members of Congress and congressional committees to request that they use their power and influence to request federal regulators and the Department of Justice to investigate the acts and the parties named in Thacker's complaint according to the letter.