Financial Fraud Law

Recent Posts

#1 in Financial Fraud Law: US Attorney Preet Bharara
Posted on 3 Jan 2014 by Steven A. Meyerowitz

When we here at the Financial Fraud Law Blog think about financial fraud law, it does not take long before we think about the U.S. Attorney for the Southern District of New York, Preet Bharara. In a little over four years as U.S. Attorney – following... Read More

JPMorgan’s $1.7 Billion Payment to Go to Madoff Victims
Posted on 7 Jan 2014 by Steven A. Meyerowitz

One of the very interesting aspects of the $2.05 billion settlement reached by J.P.Morgan Chase with federal prosecutors over the bank’s violation of the Bank Secrecy Act for failing to exercise proper oversight of Bernard Madoff’s business... Read More

4 Keys to JPMorgan’s Expected Madoff Deal
Posted on 7 Jan 2014 by Steven A. Meyerowitz

Here are the four key elements of JPMorgan Chase’s likely settlement with federal prosecutors over charges against the bank relating to the Bernard Madoff Ponzi scheme: The bank will pay $2 billion to settle civil charges and criminal charges... Read More

JPMorgan Admits Violation of the Bank Secrecy Act for Failed Madoff Oversight
Posted on 7 Jan 2014 by Steven A. Meyerowitz

J.P.Morgan Chase Bank, N.A., has admitted that it willfully violated the Bank Secrecy Act (BSA) by failing to report suspicious transactions arising out of Bernard Madoff’s decades-long, multi-billion dollar fraudulent Ponzi scheme. The bank... Read More

Madoff Victims Get More Time to File Claims with Fed’s Madoff Victim Fund
Posted on 24 Feb 2014 by Steven A. Meyerowitz

The deadline for filing claims with the federal Madoff Victim Fund (the “MVF”) has been extended to April 30, 2014. This extension was recommended by Special Master Richard C. Breeden, who is administering the MVF on behalf of the Department... Read More