White Collar Crime at JP Morgan Chase

Corporate crime has become more and more common in the past few decades. Every big company today has some kind of dark side. With the ongoing trials of company officials, many famous companies do not seem to be able to trust. JP Morgan Chase has been able to join the company crime list over the past two years. They committed crimes against their customers and the government by investment bidding, inappropriate home insurance rates, and by manipulating radical military vets for years.

Many occupations of today have specialized codes of conduct. The American Bar Association has "model rules on occupational behavior". JPMorgan Chase and its Code of Corporate Ethics stipulate that its aim is "to promote honest and ethical behavior and comply with the law". The law of creation creates an act that the law can punish (p. 309). Using a computer causes many white-collar crime and ethics violation.

JP Morgan Chase is the largest investment bank in the United States. The company was founded by merging Chase Manhattan Bank and JPMorgan Chase Bank. Before the merger, Chase merged the chemical bank and the manufacturer Hanover Bank. The company is also one of the world's largest silver traders. The company keeps silver inventory in regulated storage. Since January 2018, JP Morgan Chase has increased the inventory of the silver factory to 139, 122, 953 ounces, which is a little more than 20 million oz. JP Morgan Chase currently accounts for 53% of the total silver amount of 261 million ounces in the safe. In addition, JP Morgan Chase seems to be increasing inventory as hedge funds remain neutral. According to the latest commitments reported by traders, open positions held by funds are balanced.