Tuesday, May 11, 2010

Top JPMorgan adviser says fired for whistleblowing

Reuters:

A former JPMorgan Chase & Co (JPM.N) private wealth management executive who said she was one of her department's top producers on Monday sued the bank, saying she was fired for being a whistleblower against a longtime client.

According to a complaint filed in Manhattan federal court, Jennifer Sharkey alleged she was fired last August after urging the second-largest U.S. bank to break ties with an Israeli customer who had been a bank client for 20 years and generated some $600,000 of business annually.

The customer was not identified in Monday's complaint.

Sharkey said she was fired from her vice president position because of her role in an internal probe into the client's alleged involvement in mail fraud, bank fraud and money laundering, and was let go six days after submitting a report urging the bank to drop the client.

She contended that prior to her removal, her activities resulted in her being removed from some client accounts and excluded from client A former JPMorgan Chase & Co (JPM.N) private wealth management executive who said she was one of her department's top producers on Monday sued the bank, saying she was fired for being a whistleblower against a longtime client.

She contended that prior to her removal, her activities resulted in her being removed from some client accounts and excluded from client meetings. She also said she was deprived of her 2009 bonus

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