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First Posted: 8/9/2013 (AP) A published report says Federal authorities plan to arrest two former JPMorgan Chase & Co. employees on suspicion that they tried to conceal the size of the investment bank's $6 billion trading loss last year.
The New York Times reported Friday that the arrests of Javier Martin-Artajo and Julien Grout are expected to occur in London in coming days, citing unnamed persons briefed on the matter.
Martin-Artajo oversaw JPMorgan's trading strategy in London, while Grout recorded the value of the soured investments, the newspaper reported.
A federal grand jury voted to indict both on criminal fraud charges, according to the report.
The U.S. attorney's office in New York declined to comment late Friday.
A call left with the FBI office in New York was not immediately returned.
<a title="Associated Press" href="http://www.ap.org" class="url org fn">Associated Press</a>

Report: Feds to arrest 2 ex-JPMorgan employees