Description
J.P. Morgan Chase and Citigroup agreed to pay $25 million each, split evenly between the State of New York and the City of New York, in settlement of allegations they structured loans to Enron Corp. As complex commodity transactions, enabling Enron to fraudulently hide billions of dollars in debt. For more info visit https://www.finance.idaho.gov/legal/administrative-actions/securities/enforcement-orders/documents/2003/2003-7-25%20j%20p%20morgan.pdf
https://www.sec.gov/news/press/2003-129.htm
