Market Crash Linked To Odierno's Peddling Of High-Risk Financial Instruments
NEW YORK — Monday's worldwide stock selloff was reportedly triggered after J.P. Morgan Chase announced that recent hire Raymond Odierno was let go, citing hundreds of complaints and multiple FTC investigations into the general's high-pressure sales tactics, cold-calling, and down-playing of high-risk investments while executing his new role as financial adviser.
Odierno, who accepted a position with the company in August after retiring from the Army, was allegedly hawking financial vehicles he claimed offered "little to no risk" for casual investors. However, as an unnamed source close to the investigation said, Odierno's recommendations proved to be the opposite.
"Odierno's investors were all trading sub-prime mortgage futures via margin accounts opened through an offshore, unregulated shell company that has only weak connection to J.P. Morgan Chase," said the source. "We also obtained a prospectus for the 'F-35 Freedom Fund' — a mutual fund we found he sold to senior Pentagon function…
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