[2017-11-17] While Jamie Dimon Calls Bitcoin a “Fraud”, JPMorgan is Busted For..

"Jamie Dimon has offered baseless condemnation on bitcoin for many years, calling it a bubble, a fraud, and a money laundering tool. This week, ironically, JPMorgan was cracked down for money laundering, after being fined $4 billion for mortgage fraud in September, merely two months ago.

Dimon and JPMorgan Criticized

Since early 2016, JPMorgan and its CEO Jamie Dimon have focused on attempting to commercialize and market the term ‘blockchain” to compete with bitcoin. The company has seen hardly any success with its blockchain technology “Quorum,” which was developed by the JPMorgan development team within the Enterprise Ethereum Alliance (EEA).

Realizing the lack of potential, applicability, and commercial success of permissioned blockchain technology, Dimon began to take a different approach; by directly condemning bitcoin, despite the harsh criticisms of highly respected venture capitalists and experts such as Apple co-founder Steve Wozniak, prominent venture capitalist Chamath Palihapitiya, and billionaire hedge fund legend Mike Novogratz."

Source: https://www.cryptocoinsnews.com/jpmorgan-busted-money-laundering-ceo-condemns-bitcoin/

So finally, that guy who was just trying "BUST" the "Bitcoin Fraud" Tongue

, his company ended being stuck under the same charges of money laundering. $4 Billion fine, WoW! This is what happens when someone tries to dig in and create problems for something that's sure to rise. Not just my two cents, but my Middle Finger to you, Mr. Dimon! You deserve this. Hope to see you going jail very soon.

Topic: [2017-11-17] While Jamie Dimon Calls Bitcoin a “Fraud”, JPMorgan is Busted For.. (Read 1820 times)