A guilty plea has been made by a former mortgage loan originator at JPMorgan Chase & Co. who is accused of causing more than $30 million in losses to his employer.

The alleged crimes took place between January 2006 and July 2007 when Ross D. Pickard worked as a senior loan officer for JPMorgan Chase Bank, N.A.

Pickard helped prime-quality clients with the financing of real estate throughout the Florida communities of Bradenton, Clearwater, Orlando and Sarasota.

Source: Mortgage Daily