(Photo: Reuters/Mike Segar/Files)
A former investment adviser at JPMorgan Chase & Co is expected to plead guilty in September, after federal prosecutors in New York charged him with taking at least $22 million out of client accounts to use for his own purposes.
A lawyer for Michael Oppenheim and a prosecutor told U.S. District Judge Analisa Torres at a court hearing on Thursday that their negotiations have gone well. The lawyers asked Torres to schedule another hearing on Sept. 30, when they expect Oppenheim will plead guilty.
“The case is definitely resolving itself by plea,” Oppenheim’s defense lawyer, Paul Shechtman, told Torres.
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