Financial Fraud Law

Recent Posts

17 Large Banks Manipulated LIBOR, FDIC Claims
Posted on 15 Mar 2014 by Steven A. Meyerowitz

The Federal Deposit Insurance Corporation, as receiver for dozens of failed banks including Washington Mutual and IndyMac Bancorp, has sued 17 large banks, alleging that they manipulated LIBOR – the London interbank offered rate – over approximately... 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