Federal authorities expect that one of the former JPMorgan employees facing criminal charges in connection with the bank’s multibillion-dollar trading loss in London will eventually be extradited to the United States, a senior prosecutor said on Tuesday.
The New York Times reports that the former trader, Javier Martin-Artajo, is living in Spain.
Although Martin-Artajo appears to be fighting extradition after briefly surrendering to police in Spain in August, Spanish authorities are expected to cooperate with prosecutors in New York.
'We have a pretty good extradition agreement with Spain', Lorin L. Reisner, the chief of the criminal division at the United States attorney’s office in Manhattan, said on Tuesday. 'I expect', Reisner said, that Martin-Artajo 'will return to the U.S. via the extradition process'.
Another former trader charged in the case, Julien Grout, could prove more elusive, Reisner said. After leaving JPMorgan’s London offices, Grout returned to his native France, which typically does not extradite its citizens.
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