You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

US charges two former JPMorgan employees

Federal authorities announced criminal charges on Wednesday against two former JPMorgan Chase & Co. employees accused of disguising losses on a trade that spun out of control last year, a rare show of government force against Wall Street risk-taking.

The former JPMorgan employees — Javier Martin-Artajo, a manager who oversaw the trading strategy, and Julien Grout, a low-level trader in London — were charged with wire fraud, falsifying bank records, and contributing to false regulatory records. The government also charged them with conspiracy to commit those crimes.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week