For 10 years ending in 2016, JPMorgan had a policy of hiring the relatives and friends of
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For 10 years ending in 2016, JPMorgan had a policy of hiring the relatives and friends of high Chinese government officials. In 2009, JPMorgan executives issued instructions to give priority to hires that were linked to potential business transactions.
The candidates employed under this program were hired as entry-level investment bankers and paid the entry-level investment banker salary even though they were often assigned tasks such as filing. If you were an enforcement official with the Department of Justice, would you pursue an FCPA case against JPMorgan?
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