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Could JP Morgan Face Criminal Charges For Role in Madoff Ponzi Scheme?

In an unprecedented move, federal authorities are reportedly weighing the filing of criminal charges against financial behemoth JP Morgan for its role in Bernard Madoff's massive Ponzi scheme. According to the New York Times, both the Federal Bureau of Investigation and the U.S. Attorney's Office...

JPMorgan to Pay Record $1.7B to Settle Claims It Failed to Report Madoff Fraud

NEW YORK — (Mealey’s) JPMorgan Chase Bank NA has agreed to a civil forfeiture of a record $1.7 billion to settle claims that it violated provisions of the Bank Secrecy Act during its time as the primary bank for Bernard L. Madoff’s massive Ponzi scheme, according to information released...