FBI Director Robert Mueller testifies on Capitol Hill in Washington, Wednesday, May 16, 2012, before the Senate Judiciary Committee hearing: "Oversight of the Federal Bureau of Investigation." (AP Photo/J. Scott Applewhite)
FBI Director Robert Mueller testifies on Capitol Hill in Washington, Wednesday, May 16, 2012, before the Senate Judiciary Committee hearing: "Oversight of the Federal Bureau of Investigation." (AP Photo/J. Scott Applewhite)
WASHINGTON (AP) ? FBI Director Robert Mueller said Wednesday the bureau has launched a preliminary investigation of JPMorgan Chase & Co. following a $2 billion trading loss at the bank.
Mueller's comment at a Senate Judiciary Committee hearing was the first on-the-record confirmation of the probe.
On Tuesday, a law enforcement official said that the FBI's New York office is heading an inquiry into the JPMorgan loss.
"All I can say is we've opened up a preliminary investigation," Mueller told the Senate panel. Mueller said that opening a preliminary investigation "depends on a number of factors," which he did not enumerate.
Under attorney general guidelines for FBI operations, a preliminary investigation may be initiated on the basis of any allegation or information indicative of possible criminal activity. Time limits are set for completion of preliminary investigations ? usually six months, although six-month extensions can be granted. Extensions of preliminary investigations beyond a year must be approved by FBI headquarters.
Associated Pressfrancesca woodman kennedy center honors danny gokey sonny rollins sweet caroline lottery winning numbers pro bowl roster
No comments:
Post a Comment