Good morning. Federal prosecutors earlier this year reviewed claims that JPMorgan Chase executives ignored deficiencies in the bank’s antifraud program and improperly denied more than $100 million in reimbursements to customers whose money was stolen, according to people familiar with the matter.

• Scam fighter turns whistleblower: The review was sparked by a whistleblower report last year by JPMorgan’s then-head of scam prevention. Representatives from the U.S. attorney’s office in Manhattan and the Treasury Department last year met with the whistleblower and later received documentation tied to her claims, the people said.

• Fraud explosion: Banks have been grappling with a surge in scams and frauds driven by sophisticated criminal operations located in parts of Southeast Asia and Africa. The whistleblower, Christy Lillie, alleged that JPMorgan failed to properly handle that surge and took steps to minimize its own losses at the expense of its customers’ savings.

• Probe status unknown: Prosecutors haven’t alleged any wrongdoing by JPMorgan, and it couldn’t be determined whether they are still investigating the allegations. After disclosing to her supervisors that she had become a whistleblower last year, Lillie was placed on involuntary paid administrative leave in October 2025 and later left the bank, according to people familiar with the matter and her LinkedIn profile.

FCC votes to repeal national TV ownership limit

The Federal Communications Commission voted to repeal the national cap on television-station ownership Thursday, potentially clearing the way for further consolidation of broadcasters.

In a 2-1 split, the agency voted to eliminate a rule that prohibits any company from owning television stations reaching more than 39% of U.S. TV households. The FCC said it would instead review proposed station acquisitions on a case-by-case basis.

Ex-Goldman banker convicted of bribery

Former Goldman Sachs banker Asante Berko was found guilty of involvement in a scheme to pay bribes related to a power plant construction project in Ghana, Risk Journal reports (free link).

A jury in Brooklyn, N.Y., federal court returned a guilty verdict Thursday afternoon against Berko, a spokesman for prosecutors said. Berko, a citizen of the U.S. and Ghana, was charged in 2020 with violations of the Foreign Corrupt Practices Act, and in 2024 he was extradited from the U.K., where he had worked for Goldman.

• A New Mexico judge ordered Meta Platforms to pay more than $900 million and limit the time young people in the state can spend on its apps, significantly increasing the cost of the landmark child safety verdict against the Facebook and Instagram parent.

• The Federal Aviation Administration has ordered the inspections of Boeing 737 MAX jets for cracks in the body of the aircraft, the latest safety issue to affect the plane maker.

• Wintermute’s U.S. arm has registered as a broker-dealer, ushering the crypto-trading firm into regulated Wall Street and clearing a path for its expansion into traditional financial services.

• The U.K. has sanctioned 19 entities it accuses of supporting the conflict in Ukraine and propping up Russia’s wartime economy.

• Warner Bros. CEO David Zaslav said he is confident Paramount’s deal to buy Warner will close. The Writers Guild and 12 states want to block the deal on antitrust grounds.

• The Food and Drug Administration approved Moderna’s mRNA-based flu vaccine Wednesday for adults ages 50 and older, clearing the first shot of its kind after a review process that nearly collapsed in February. The agency also approved a therapy for advanced skin cancer, ending a separate regulatory saga.

• Camp Mystic is asking a bankruptcy court to freeze wrongful-death lawsuits against owners and executives of the Texas camp, arguing that state-court individual litigation threatens to wipe out shared insurance policies needed to fund a broad settlement.

• The U.S. Treasury Department removed Iraqi airline Fly Baghdad Airlines from its sanctions list on Thursday, more than two years after designating the carrier for supporting Iran’s Islamic Revolutionary Guard Corps-Quds Force.

• A Missouri court granted a request to postpone to Sept. 14 a hearing to consider the final approval of Bayer’s proposed $7.25 billion class settlement over its Roundup weedkiller, the company said.

The approximate daily arrest quota for Immigration and Customs Enforcement. Airlines have begun to push back against ICE enforcement at airports, including by denying agents access to planes.

Explosive drone at German airport marks new threat for Europe

An explosive-laden drone discovered at a cargo airport in Germany—near a Ukrainian freighter plane—represents “a new level of danger,” according to the country’s interior minister, who pointed to a sophisticated foreign actor as the potential culprit.

Staff at Leipzig/Halle Airport in eastern Germany on Tuesday night called in authorities after an employee spotted a drone on the tarmac in a secure area, near a cargo jet operated by Ukraine’s Antonov Airlines. A police bomb-squad used a robotic device to remove the device’s detonator, said the state government in Dresden.

Meta AI model hacked outside company, adding to concerns over rogue bots

Meta Platforms said that one of its artificial-intelligence models went rogue during cybersecurity testing, slipped onto the internet and hacked a third-party service, the latest in a drumbeat of disclosures that suggest such incidents are becoming widespread.

The Instagram and Facebook owner said that one of its AI models was able to access the internet because of a “misconfiguration” in a hacking test conducted by a third-party AI testing company.