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Former JPMorgan Chase Official Guilty of Disclosing SAR, Accepting $10,000 Bribe
printA former loss mitigation specialist at Chase Bank accepted $10,000 in bribes and illegally disclosed a suspicious activity report to the client it was filed on, a California jury said Monday. Frank Mendoza, 45, investigated and reported a delinquent borrower of mortgage loans held on seven properties in Palmdale, CA in November 2008 only to later disclose to the client that the bank had filed a suspicious activity report (SAR) on him to the U.S. Treasury Department, according to the U.S. Justice Department. Mendoza offered to "fix" the loans for the client, as well as give advice about how to...
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