JPMorgan Chase Bank, NA, has made a proposal to reject the complaint filed against the bank by Bullion Trading.
According to FX News Group, Bullion Trading LLC sued Chase for the alleged preventing cable transport from its customers to a Bullion Trading account held at the Waterfall Bank.
JPMorgan explains that, according to an affidavit by a FBI agent on the Bullion Trading account with the waterfall, multiple elderly victims said they were involved in a scam of gold markets involving trading and bank accounts in the name of Bullion.
In this context, any action taken by Chase after suspicion of fraud, fraud or financial exploitation that affects one of its shares, suspicion of the relationship of fraud or other illegal activity and/or to avoid loss or reduce the risk of the bank is allowed by the bank. deposits.
Chase argues that Bullion Trading’s proposal that Chase is in some way responsible for taking such permitted actions to protect its customers, it lacks value and this case must be rejected in its entirety, with prejudice.