U.S. prosecutors urged former London-based JPMorgan traders Javier Martin-Artajo and Julien Grout to surrender and face charges that they attempted to hide trading losses tied to the bank’s $6.2bn loss on derivatives bets last year.
Both men face as long as 20 years in prison if convicted of the most serious counts, including conspiracy and wire fraud.
While Bharara said he was 'hopeful' they would return, he had arrest warrants filed under seal along with criminal complaints August 9, according to court records. The warrants were to be served on the State Department, Interpol and foreign law enforcement agencies. The next day, police showed up at Grout’s London home, according to a person with knowledge of the matter. Grout wasn’t there. His lawyers have said he’s in France.
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