1 September 2023
The Three Strikes Law imposes harsh sentences on individuals for multiple felonies, but major banks like JPMorgan Chase receive leniency. Despite facing felony counts, JPMorgan’s penalties remain mild. For instance, it was fined just $4 million for deleting 47 million emails under subpoena. The bank’s alleged involvement in sex trafficking with Epstein and rigging the Treasury market resulted in deferred-prosecution agreements. This unequal treatment highlights a troubling disparity in the justice system.