Judge Jed Rakoff slams JPMorgan (JPM) for participating in a "down right sham" in the way it...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

Judge Jed Rakoff slams JPMorgan (JPM) for participating in a "down right sham" in the way it arranged a $225M loan for Mexican telecom Empresas Cablevision (TV). The loan structure would have allowed Carlos Slims' Telmex (TII), a major Cablevision rival, to access confidential company information.