Florida’s Attorney General James Uthmeier has opened a major investigation into JPMorgan Chase after disclosures that the bank severed ties with Trump Media and Technology Group (TMTG), the company behind the free speech social media platform Truth Social, and may have shared sensitive data with the Biden administration’s Justice Department as part of the “Arctic Frost” investigation.
In a formal notice, Uthmeier stated that JPMorgan’s conduct “may implicate numerous Florida criminal and civil antifraud laws and de-banking prohibitions,” and directed the bank to preserve all documents and communications related to the matter.
We obtained a copy of the letter for you here.
The Arctic Frost probe was initially presented as a limited inquiry into President Donald Trump’s activities following the 2020 election.
It has since expanded into a wide-reaching operation involving numerous Republican lawmakers, conservative groups, and individuals.
Reports indicate that federal agents issued secret subpoenas to financial institutions and technology companies, demanding extensive amounts of private and financial information.
JPMorgan’s involvement came to light when Devin Nunes, CEO of Truth Social and Chair of the President’s Intelligence Advisory Board, appeared on Sunday Morning Futures with Maria Bartiromo on November 9. During the interview, Nunes revealed that JPMorgan had “inexplicably debanked” TMTG as the company was preparing to go public in early 2024.
He suggested that the timing was connected to the Justice Department’s broad subpoena requests and criticized both the bank and federal officials for what he described as politically motivated actions that may have violated the law.
Hellbound and Down 