J.P. Morgan and Company

J.P. Morgan Jr. Testifies, Preferred List and Tax Evasion Exposed

| Importance: 10/10

J.P. Morgan Jr., head of the most powerful banking house in America, testified before the Pecora Commission in hearings that riveted the nation. The New York Times headline on May 24, 1933 blared: “Morgan Paid No Income Tax for 1931 or 1932.” Morgan admitted under oath that he and his …

J.P. Morgan Jr. J.P. Morgan and Company Ferdinand Pecora U.S. Senate Committee on Banking and Currency Calvin Coolidge +1 more financial-regulation insider-trading corporate-accountability tax-evasion political-corruption
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