JPMorgan Chase is under scrutiny following allegations of misleading information regarding GL, with claims that the bank either lied or was misled by management. Additionally, Medical Properties Trust (MPW) faces accusations of fraud, including round-tripping and misleading investors about tenant quality. MPW's auditor, PwC, has reportedly had sufficient access to establish these issues. Questions have also arisen about MPW's financial dealings with Steward, particularly concerning the control of accounts and the allocation of $75 million in funds, including working capital. Furthermore, JPMorgan is poised to admit wrongdoing as part of a $100 million settlement with the CFTC over trade reporting failures.
$JPM JPMORGAN & CHASE POISED TO ADMIT WRONGDOING AS PART OF $100 MLN SETTLEMENT WITH CFTC OVER TRADE REPORTING FAILURES - SOURCE (SM) https://t.co/8gYmZ8XKgf
Hey $MPW, couple of questions from the @Steward MLA: - Who controls the account? $MPW or @Steward? - How much of the ~$75mm went to @Steward working capital, as opposed to "capex?" I.e. how much working capital is capitalized into your PP&E? - Why were these amounts advanced to… https://t.co/g1kyZ6ypM9
$MPW - full of fraud & continuing as though that's the norm. The audacity of companies defrauding investors is beyond funny. https://t.co/Xufjf0pTzi https://t.co/Lf6KtnmJUQ