Criminal Action is Expected for JP Morgan in Madoff Case - dealbook.nytimes.com -BoardProspects

Criminal Action is Expected for JP Morgan in Madoff Case

dealbook.nytimes.com Dec 12 2013 BoardNews

JPMorgan Chase and federal authorities are nearing settlements over the bank’s ties to Bernard L. Madoff, striking tentative deals that would involve roughly $2 billion in penalties and a rare criminal action. The government will use a sizable portion of the money to compensate Mr. Madoff’s victims...
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- Jessica Silver-Greenberg;Ben Protess