J. P.Morgan trader Bruno Iksil placed a giant risky trade and lost $6 billion for the bank.His boss and assistant conspired to cover up the losses by filing false reports.These crimes are known as:
A) street crimes.
B) violent crimes.
C) corporate crimes.
D) violations.

Question

J. P.Morgan trader Bruno Iksil placed a giant risky trade and lost $6 billion for the bank.His boss and assistant conspired to cover up the losses by filing false reports.These crimes are known as:
A) street crimes.
B) violent crimes.
C) corporate crimes.
D) violations.

Quizplus · Accepted Answer

The situation involves fraudulent activity within a corporation involving financial losses and false reporting. Therefore, it falls under the category of corporate crimes.

J PMorgan Trader Bruno Iksil Placed a Giant Risky Trade and Lost