A U.S. Treasury Department watchdog tried to examine whether JPMorgan Chase & Co (JPM.N) interfered with a regulatory probe into its relationship with convicted felon Bernard Madoff but the largest U.S. bank was able to nip the inquiry in the bud, a government official said on Monday. The U.S. Treasury […]
Tag: Bernard Madoff
Criminal action expected for JPMorgan in Madoff case: NYT
JPMorgan Chase & Co (JPM.N) and federal authorities are nearing settlements over the bank’s relationship with convicted Ponzi schemer Bernard Madoff, striking tentative deals that would involve about $2 billion in penalties and a rare criminal action, the New York Times reported. The settlements would fault the bank for […]
Peter Madoff pleads guilty in NYC, blaming brother
By LARRY NEUMEISTER and TOM HAYS | Associated Press The younger brother of disgraced financier Bernard Madoff  the loyal No. 2 at an investment firm that fronted a multibillion-dollar Ponzi scheme  pleaded guilty Friday, agreeing to serve 10 years in prison and saying he was “in total shock” […]
