So, get this-JPMorgan Chase, the financial giant we all love to hate, is now embroiled in a bit of a mess. A widow, 85-year-old Susan Kraus, is suing them because, well, apparently they failed to stop her son from making off with $8 million of her fortune. Really? $8 million? Did nobody at JPMorgan say, “Hey, maybe this woman doesn’t want to fund her son’s questionable life choices?”
According to Bloomberg, Susan filed the claim last October with the Financial Industry Regulatory Authority (FINRA). I mean, who even knows about this agency? Doesn’t sound like it’s going to stop the fraud train anytime soon. But yeah, she’s all upset that her son, Brett Graham-who, by the way, pled guilty to this whole thing earlier this year-took her money. Shocked, I know.
And the kicker? The son’s going to be sentenced in September. So mark your calendars, folks-because it seems like everyone involved here is getting a little *taste* of justice, except, of course, for poor Susan.
Now, JPMorgan, being JPMorgan, decided to make things even juicier by trying to fight the case going to arbitration. Yep, they didn’t want to deal with FINRA. They filed a lawsuit, basically saying, “We’re not even responsible! She wasn’t a real client of ours!” Is that a thing? Apparently it is.
But here’s where it gets fun-because, just this week, US District Judge Jesse Furman, in all his glory, said, “Nope. Not today, JPMorgan.” He swatted them down like a fly, siding with Kraus. Finally, a little justice!
And get this, Kraus’s lawyer, Jenice Maleck, went full-on righteous fury. She told Bloomberg that JPMorgan didn’t do enough to protect Kraus. Uh, yeah, no kidding! “Money laundering and wire fraud happen at financial institutions!” she said. You think, Jenice? Do tell us more!
So, the moral of the story: If you’re an 85-year-old widow, maybe double-check who’s handling your millions. And if you’re JPMorgan, maybe don’t let your clients’ sons have the keys to the vault.
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2025-08-20 11:07