JPMorgan Chase Busted for Unexplained Crypto Charges – Jamie Dimon has some Explaining to do


You remember Jamie Dimon, right? The JPMorgan Chase (NYSE:JPM) CEO who once called Bitcoin (BTC) a major fraud back in September of last year. Reuters just reported that JP Morgan Chase is being sued for the unauthorized fees added to customer accounts for cryptocurrency purchases. The Manhattan federal court is accusing JPM of implementing charges on cryptocurrency purchases without warning its customers; when cryptocurrency was bought with its credit cards, JPM charged the purchases as cash advances, unbeknownst to the buyer.

Several banks around the globe started banning its customers from purchasing cryptocurrency with their credit …

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