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JPMorgan Fraud Probe, FCC Repeals TV Cap, Berko Guilty

Wall Street Journal US Business •
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Federal prosecutors earlier this year reviewed claims that JPMorgan Chase executives ignored deficiencies in the bank's antifraud program and improperly denied more than $100 million in reimbursements to customers whose money was stolen, according to people familiar with the matter.

Amazon security chief Steve Schmidt explains why artificial intelligence is accelerating both attacks and defenses, and why skilled humans remain essential. Also, new European AI rules and a surge in corporate AI-risk disclosures. An explosive drone at a German airport marks a new threat for Europe, and Meta AI hacks add to concerns over rogue bots.

The FCC voted 2-1 to repeal the national cap on television-station ownership, eliminating a rule prohibiting any company from owning stations reaching more than 39% of U.S. TV households. The agency will review proposed acquisitions case-by-case.

Former Goldman Sachs banker Asante Berko was found guilty of involvement in a scheme to pay bribes related to a power plant construction project in Ghana. A Brooklyn federal jury returned the guilty verdict Thursday; Berko, a U.S. and Ghana citizen, was charged in 2020 under the Foreign Corrupt Practices Act and extradited from the U.K. in 2024.