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Ex-CEO Gets 50 Years For $215m Fraud

Jail

Russell Wasendorf Sr., the founder of the bankrupt commodities firm Peregrine Financial Group Inc., was sentenced to 50 years in prison for what prosecutors said was a theft of more than $215m from customers.

Jamie Dimon - 'I'm Sorry'

Jamie Dimons Horns

JPMorgan Chase CEO Jamie Dimon apologized to shareholders for the $6bn loss caused by the so-called 'whale' trade, calling it a 'terrible mistake', but said the bank has moved on and is still highly profitable.

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