by Pam Martens and Russ Martens at Wall Street on Parade
In 2018, Bloomberg reporters Peter Waldman, Lizette Chapman, and Jordan Robertson published a stunning expose on how JPMorgan Chase was spying on its employees, including after hours, using as many as 120 engineers from the data mining company Palantir Technologies Inc. According to the Bloomberg report, “It all ended when the bank’s senior executives learned that they, too, were being watched, and what began as a promising marriage of masters of big data and global finance descended into a spying scandal.”
But the surveillance program did not end. The bank simply developed its own proprietary spying system instead. Business Insider reporter, Reed Alexander, has reignited the scandal with the news that the internal surveillance program at JPMorgan Chase is now called “Workforce Activity Data Utility” or WADU.
According to Business Insider, the surveillance is fostering paranoia inside the bank with employees using the term “Big Brother” and “1984,” a reference to the George Orwell book.
Wall Street On Parade can now break the news that the surveillance system is even worse than employees imagine. How do we know? We looked up the patent for the system at the U.S. Patent and Trademark Office.
Based on the patent information we located,…
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