A decade ago, a J.P. Morgan Chase & Co. managing director in Asia sent an email to the investment-banking team. “As you know, the firm does not condone the hiring of the children or other relatives of clients or potential clients...In fact, the firm’s policies expressly forbid this,” the director wrote. Within two years, however, the team had begun orchestrating the hiring of dozens of relatives of powerful government officials in Asia with the express purpose of winning business, U.S. authorities said on Thursday....

Source: Wall Street Journal November 17, 2016 16:04 UTC