Sunday, February 5, 2012

As Occupy Wall Street began, Chase made biggest donation in history to NYPD

By Xeni Jardin at 10:29 am Sunday, Oct 2

A coincidence, I imagine, but it sure is poetic. In mid-June, just before the Occupy Wall Street movement took shape, JPMorgan Chase donated what the financial organization itself described as "an unprecedented" $4.6 million to the New York City Police Foundation, part of which will be used to expand and fortify surveillance systems.

The gift was the largest in the history of the foundation and will enable the New York City Police Department to strengthen security in the Big Apple. The money will pay for 1,000 new patrol car laptops, as well as security monitoring software in the NYPD's main data center.

Source: JP Morgan Chase website. Update: commenters have pointed out that while news of this donation has just been making the rounds this week, the donation was made in mid-June (<—the linked-to article also notes other big donors). The first Occupy Wall Street demonstrations happened in mid-September; organizers gathered in the weeks leading up to that point. Tags: occupy wall street, ows

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