Ex-JP Morgan VP faces up to 422 yrs in jail for embezzlement

An ex-JPMorgan Chase Vice President, Hernan Arbizu, pleaded guilty on Friday to US charges that he embezzled $5.4 million (₹37 crore) from clients at the bank and at his prior employer, UBS. He faces a mandatory-minimum two-year prison sentence and a maximum of 422 years. Arbizu was on the run for eight years in Argentina before getting extradited in June.