New victim in JPMorgan trading scandal

(Credit: Justin Sullivan/Getty Images, file)

(MoneyWatch) Irvin Goldman, the former chief risk officer of the JPMorgan Chase (JPM) unit that lost $5.8 billion on derivatives trades, has stepped down, the company said in a statement, according to Reuters.

"Irv asked to leave the company. He's behaved with integrity and we wish him well," the bank said in a statement.

Goldman, who JPMorgan named in February as chief risk officer of its London-based Chief Investment Office, was put on leave as part of an internal onverhaul of the division on May 14, after the company announced the trading loss.

Goldman's brother-in-law, Barry Zubrow, is head of JPMorgan's office of corporate and regulatory affairs, and until early this year he was chief risk officer for the entire company.

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[dlackey2]

The Chief Risk Officer was a victim of the JP Morgan Trading Scandal?

Are you living in bizarro world?

Irvin Goldman, the former chief risk officer of the JPMorgan Chase (JPM) unit that lost $5.8 billion on derivatives trades,was responsible for the huge loss.

He was the Chief Risk Officer!

[dlackey2]

This was his responsibility. That's why he gets the big bucks.