Former JPMorgan executive involved with the London Whale Scandal was Caught and Released
Former JPMorgan (JPM) employee Javier Martin-Artajo, who was arrested by Spanish police earlier on Monday in connection to a trading scandal at the bank, has been released from custody, according to a Spanish court source.
Martin-Artajo, who will not be allowed to leave Spain under the terms of his release and who will have to appear in court every 15 days, has told a Spanish court he is not willing to be extradited to the United States, the source said.
U.S. prosecutors brought criminal charges against him last month in relation to a trading scandal that cost JPMorgan $6.2 billion last year.
Spain’s High Court, which normally decides on extradition cases, has taken on his case, police said earlier.