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Two charged in London Whale losses still in Europe

Two charged in London Whale losses still in Europe

NEW YORK (MarketWatch) — The two former J.P. Morgan Chase & Co. traders charged in the “London Whale” losses remain in Europe, frustrating the U.S. government.

The Justice Department says that Javier Martin-Artajo is in Spain, “resisting extradition” to the U.S. Extradition from Spain can take months or years if contested in court. Julien Grout, a French citizen, is in France, where he is “virtually immune from extradition” because France “will generally not extradite its own citizens,” the U.S. government said.

“The defendants have not been presented, have not been arraigned, and indeed are not in the United States,” DOJ lawyers wrote in a filing Saturday.

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