JP Morgan is just telling us that bitcoin is fraud but deep inside he is trying to get a discount on the bitcoin price and that will work if he is going to tell something really bad about bitcoin and if the market reacts and dump a lot of bitcoin then he will just go buy a lot of bitcoin and go for long term and that is a classic strategy that is always been done by the late investors.
DEFINITION of 'Marketing Fraud'
Illegal practices perpetrated by a company in the promotion of a product or service. Marketing fraud often centers around making false claims. This includes exaggerating the qualities of a product or service, selling imitations as the genuine article, or hiding negative aspects or side effects.
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses,
Let's see how he feels when the authority's start digging into his bitcoin trades for his company.
You can't go on national TV and the media and say "Bitcoin is a FRAUD" then in the background have your company dealing in it..
Its fraud at the highest level!
I will be sending letters to every financial conduct authority in the USA to have them look into if.
1. He is aware of bitcoin trading in his company
2. If he holds or has any department working in the bitcoin industry.
3. If he holds or has traded bitcoin at any time with JPMorgan & JPMorgan Securities bank funds.
4. If his securities firm has any fingers in the bitcoin pie.
If the answer is yes to any of the above he has committed market fraud and he must be investigated along with the bank JPMorgan
Not only that he has in the past been known to "buy" stocks in his own bank to "inflate" the adoption and to "manipulate the market"
I think we should teach him a lesson in a big way if enough people send letters to the regulators below if you lost money because of his actions on national TV and they also reported that the dip in price was because of his statement then I would seriously look into having this guy turned over and his pockets empty because I can assure you this guy is a criminal.
Securities & Exchange Commission (SEC)
Commodity Futures Trading Commission (CFTC)
Federal Reserve System ("Fed")
Federal Deposit Insurance Corporation (FDIC)
Financial Crimes Enforcement Network (FinCEN)
Financial Industry Regulatory Authority (FINRA)
Office of the Comptroller of the Currency (OCC)