JPMorgan Chase Jamie Dimon FRAUD Q Star Trek

STAR TREK THE NEXT GENERATION

To Data: "There are creatures in the universe who would consider you the ultimate achievement, android. No feelings, no emotions, no pain – and yet you covet those qualities of Humanity. Believe me, you're missing nothing. But if it means anything to you, you're a better Human than I."

I assume it's time to retire, Jamie/John, whatever your real name is.

Did you really have throat cancer?  A side-effect of the lies spewing from your vocal chords?

A positive match on the spouse.  

All credit goes to Ed Chiarini of 

Wellaware1.com

Dimon was born in New York City, to Theodore and Themis (née Kalos) Dimon, one of three sons. He is of Greek descent and attended The Browning School. His paternal grandfather was a Greek immigrant who changed the family name from Papademetriou to Dimon to make it sound more French, and worked as a banker in Athens. He has an older brother, Peter, and a fraternal twin brother, Ted. Dimon's father and grandfather were both stockbrokers at Shearson.

He majored in psychology and economics at Tufts University. During one summer's break from Tufts, he worked at Shearson. During the summer at Harvard, he worked at Goldman Sachs. 

After graduation, Sandy Weill convinced him to turn down offers from Goldman Sachs, Morgan Stanley, and Lehman Brothers to join him as an assistant at American Express. Although Weill could not offer the same amount of money as the investment banks, Weill promised Dimon that he would have "fun". Dimon's father, Theodore Dimon, was an executive vice president at American Express. The younger Dimon came to Weill's attention when Theodore passed along an essay that Jamie had written.

Career

In a power struggle, Weill left American Express in 1985 and Dimon followed him. The two then took over Commercial Credit, a consumer finance company, from Control Data. Dimon served as the chief financial officer, helping to turn the company around. Through a series of unprecedented mergers and acquisitions, in 1998 Dimon and Weill were able to form the largest financial services conglomerate the world had ever seen, Citigroup. 

In March 2000, Dimon became CEO of Bank One, the nation's fifth largest bank. When JPMorgan Chase purchased Bank One in July 2004, Dimon became president and chief operating officer of the combined company.

On December 31, 2005, he was named chief executive officer of JPMorgan Chase and on December 31, 2006, he was named chairman of the board.

In March 2008 he was a Class A board member of the Federal Reserve Bank of New York.

London Whale

In the case of the 2012 JPMorgan Chase trading loss, according to a US Senate report published in March 2013 after 9 months of investigation, Dimon misled investors and regulators in April as losses rose dangerously to $6.2 billion on a “monstrous” derivatives bet made by the so-called "London Whale" Bruno Iksil. According to Carl Levin, Chairman of this panel, JP Morgan had “a trading operation that piled on risk, ignored limits on risk taking, hid losses, dodged oversight and misinformed the public”. Dimon dismissed press accounts of possible losses in Iksil’s book as a “tempest in a teapot” on April 13, 2012 when he knew that Iksil had already lost $1 billion, which led Levin to say “None of those statements made on April 13 to the public, to investors, to analysts were true,” and “The bank also neglected to disclose on that day that the portfolio had massive positions that were hard to exit, that they were violating in massive numbers key risk limits.” 

Dimon corrected that wrong information a month later, in May 2012, before the true damage was revealed, after US Securities and Exchange financial watchdog started reviewing the losses.

Personal life

In 1983, Dimon married Judith Kent, whom he met at Harvard Business School. They have three daughters: Julia, Laura, and Kara Leigh.

Dimon was diagnosed with throat cancer in 2014.  He received eight weeks of radiation and chemotherapy ending in September 2014.