Neil Freiman

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My dog of the week is JP Morgan, because with so many scandals piling up, it's not clear whether this is a bank or a beach house.

In the latest addition to JP Morgan's hot tabloid summer, dubbed the salami incident, the largest firm on Wall Street was ordered to pay $4.25 million over a Super Bowl deli platter that cost just $642.50.

Here's what happened.

In February 2024, a longtime J.P.

Morgan broker based in L.A.

named Brent Ryan Bodner expensed a spread from a local deli that included buffalo wings, sandwiches, pickles, and some cookies.

According to his lawyer, Bodner wanted to turn a watch party for the Chiefs and Niners into a client prospecting shindig at his house, but ultimately only his cousin, a client, and her businessman boyfriend RSVP'd.

Someone at J.P.

Morgan must have flagged a deli platter because the bank investigated the expense report and fired Bodner, claiming that the report implied the meal was eaten at the deli, not at his home.

He both misstated the purpose and location of the gathering a J.P.

Morgan spokesperson said.

But Bodnar claimed wrongful termination.

And last week, an arbitration panel overseen by the Wall Street watchdog FINRA took his side, awarding him a $4.25 million sum out of JP Morgan's pocket.

Toby, the salami incident comes on top of a mega viral story involving an ex-JP Morgan banker accusing a colleague of using him as a sex slave.

Not exactly the kind of headlines Jamie Dimon wants to be making.