JPMorgan Chase has agreed to pay $1.7 billion to victims of Bernie Madoff’s ponzi scheme, according to a statement from the United States Attorney for the Southern District of New York. [via Bloomberg News] U.S. Attorny Preet Bharara will hold a press conference today at 1:15 p.m. EST. Bharara will […]
Tag: Bernie Madoff
Bernie Madoff’s Brother To Plead Guilty
The brother of con man Bernie Madoff will plead guilty Friday morning to conspiracy to commit securities fraud and falsifying records for his alleged role in his brother’s multibillion-dollar Ponzi scheme, prosecutors said Wednesday, and will serve 10 years in federal prison. Peter Madoff, once the chief compliance officer of […]
