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>> VATICAN BANK Latest News

OCT 24, 2013 - TheStreet

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Madoff Deferred Prosecution Would Tighten Noose Around JPMorgan's Neck

NEW YORK (TheStreet) - JPMorgan Chase faces a deferred prosecution agreement with the Justice Department and a possible criminal admission of guilt for its role as Bernie Madoff's banker, according to a detailed report from The New York Times. The report states that the Federal Bureau of Investigation and the U.S. attorney's office in New York are focusing on whether or not JPMorgan adequately aired its concerns to authorities about Madoff's investing activities, which were later discovered to be a Ponzi scheme that caused tens of billions of dollars in investor losses. The ... Read More

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