Sense on Cents

A recent headline in my local newspaper highlights a whistleblower case involving JP Morgan and an employee named Kevin Dillon. The article, JP Morgan Employee Files Whistle-Blower Lawsuit, details how Dillon was rebuffed while he attempted to report alleged accounting improprieties by a Texas based hedge fund, Highland Capital Management. This fund has a prime brokerage relationship with JP Morgan.

Dillon has brought suit against JP Morgan for alleged mistreatment as a result of his blowing the whistle. Dillon and JP Morgan are certainly not the only individuals and firms involved in an employee dispute over procedures and treatment. So, why am I writing about this case? For the very simple reason that Mr. Dillon will hopefully read my commentary and know that he is not the first individual involved in a whistleblower dispute with JP Morgan.

Regular readers of Sense on Cents may recall the story of Peter Sivere, a JP Morgan employee who blew the whistle on his employer for allowing after hours trading of mutual funds by a high profile hedge fund. In the process of performing his duties, Sivere engaged attorneys from the SEC. What happened in the midst of engaging these attorneys?

One of those attorneys, George Demos, blew Sivere’s cover. That’s right!! You can’t make this stuff up.

I highlighted this unbelievable travesty this past January in writing, SEC IG Report: George Demos Pimped Peter Sivere. While large banks such as JP Morgan will not always have a perfect record of professionalism, when the SEC blows the cover of whistleblowers and allows the traitorous individuals who do so to leave virtually unscathed, our country has sunk to new lows.

Recall that said attorney George Demos is now running for Congress from Long Island. That’s right. A man who literally betrayed a fellow American is now running for Congress.

What is the ultimate reason for my writing this commentary? I hope Mr. Dillon and Mr. Sivere both read my post. In turn, I welcome being a conduit, if need be, so they can connect, cross-reference their experiences, and let justice truly be served.

LD

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This entry was posted on Thursday, July 8th, 2010 at 7:10 AM and is filed under General, JP Morgan. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.