@ Sooly⚡️سولي
2025-02-18 20:42:10
> Nothing disgusts me more than the way the white-collar justice system operates—where billion-dollar crimes are punished with pocket-change fines, and the executives responsible walk free, richer than ever. You will never see this on the centralized, Keynesian, fiat-owned mainstream media. Only here on #Nostr, where the truth isn’t for sale.
>
JPMorgan Chase is not just a bank—it is a repeat offender in the global financial system. With 272 violations and $39.3 billion in fines since 2000, its track record rivals that of the most notorious criminal enterprises. And yet, it remains untouchable, shielded by its financial dominance and a regulatory system that punishes lawbreaking with fines too insignificant to be real deterrents.
In 2024 alone, JPMorgan Chase reported $58.5 billion in net income, an 18% increase from 2023. Meanwhile, it incurred $825 million in fines, which accounted for just 1.41% of its net income—a rounding error for the banking giant.
### Fines vs. Profits: The Cost of Doing Business
Year Total Revenue (in billions) Net Income (in billions) Total Fines (in billions) Fines as % of Net Income
2024 $177.6 $58.5 $0.825 1.41%
2023 $158.1 $49.6 Data not specified N/A
2022 $132.3 $35.9 Data not specified N/A
###### Sources: Bloomberg, Ventureburn
JPMorgan’s profits dwarf the penalties it pays, showing that these fines are simply the cost of doing business.
### 2024: A Continuation of Violations
Despite its massive profits, JPMorgan continues its long history of lawbreaking. In 2024 alone, it has been fined $825 million across multiple categories:
• $250 million – Banking violations
• $200 million – Investor protection violations
• $151 million – Securities violations
• $125 million – Price-fixing practices
• $98.2 million – Banking violations
Additionally, in January 2024, the bank was fined $18 million for forcing customers to stay silent about illegal activities through confidential release agreements—another example of corporate misconduct being covered up rather than addressed.
JPMorgan has admitted to market manipulation, securities fraud, and price-fixing—yet it remains a repeat offender because financial penalties do not impact its bottom line.
### The Human Cost: How JPMorgan Hurts Regular People
While JPMorgan’s executives cash in on record profits, their crimes directly harm ordinary people:
• Loan denials due to false credit reporting
• Higher interest rates on credit cards and loans
• Difficulty opening new deposit accounts
• Challenges in renting apartments or securing jobs
• Thousands of suspicious transactions totaling $1.5 billion went unreported
Beyond the numbers, real people suffer from these violations. In 2024, JPMorgan was sued for failing to protect consumers from fraud on the Zelle payment platform. Customers lost over $870 million since Zelle’s 2017 launch, and JPMorgan ignored thousands of fraud complaints, even advising victims to contact scammers directly to get their money back.
This is not just corporate negligence—it is systematic exploitation.
### Breakdown of JPMorgan’s Violations (2000-2024)
JPMorgan’s violations span nearly every financial crime category imaginable:
• Toxic Securities Abuses: $13.46 billion
• Investor Protection Violations: $6.25 billion
• Mortgage Abuses: $5.36 billion
• Banking Violations: $4.26 billion
• Consumer Protection Violations: $3.19 billion
This systematic lawbreaking has become a business strategy rather than a legal risk.
### Regulatory Capture: Why JPMorgan Gets Away With It
The question remains: Why does nothing change? The answer is regulatory capture—where the regulators responsible for policing the banks are influenced or controlled by the industry itself.
### The Revolving Door: How Banks Own Their Regulators
• Regulators frequently leave their jobs to work for the banks they once supervised.
• The banking industry is so complex that even lawmakers struggle to verify its practices.
• Regulators fear antagonizing banks because they often seek employment in the same industry.
JPMorgan exploits this system to avoid real consequences. Its CEO, Jamie Dimon, has openly criticized regulation and vowed to fight new financial rules, ensuring that oversight remains weak and penalties remain a slap on the wrist.
### Systematic Failures in Regulation
• Consumer protection is spread across seven different agencies, creating inefficiency.
• Conflicts of interest within these agencies weaken enforcement.
• Some regulators have explicit mandates to promote the financial system’s competitiveness rather than hold banks accountable.
This cycle ensures that fines remain low, executives avoid jail, and banks like JPMorgan continue breaking the law with impunity.
### Industry-Wide Issues: A Systemic Problem
JPMorgan Chase is not alone. The banking sector as a whole is rife with fraud and corruption:
• Wells Fargo: In 2024, Wells Fargo was sued for failing to protect customers from fraud on the Zelle payment platform, contributing to $870 million in consumer losses.
• Bank of America: Also implicated in the Zelle fraud lawsuit for failing to implement basic fraud protections.
These cases prove that financial misconduct is not an exception—it’s the industry standard.
### Too Big to Fail, Too Criminal to Stop
JPMorgan’s status as a “too big to fail” institution means that no matter how many laws it breaks, no matter how many billions it pays in fines, it remains untouchable.
If an individual committed fraud, price-fixing, or money laundering on this scale, they would spend a lifetime in prison. JPMorgan? It just keeps making record profits.
This is not justice. This is the financial elite operating above the law. Until executives face criminal prosecution instead of just fines, JPMorgan Chase will remain what it has been for decades:
**A financial felon in a three-piece suit.**
### The Next Stage of Banking Corruption
JPMorgan’s violations are not just a relic of past financial crises. The next stage of banking corruption is already underway—and this time, the stakes are even higher.
With AI-driven market manipulation, rising corporate surveillance, and the increasing concentration of financial power, the system is evolving in ways that regulators are not prepared to handle. JPMorgan and its peers are already positioning themselves to profit from the next crisis, just as they did in 2008.
The question is not whether JPMorgan will commit future crimes. The question is how much they will profit from them—and how little they will be held accountable.
The reality is clear: JPMorgan Chase is not a bank that sometimes breaks the law. It is a criminal enterprise that happens to operate as a bank.
**#Bitcoin is the exit. The escape from their rigged system. The end of their unchecked power.**