on January 7, 2014 in World News
JP Morgan Pays $2 Billion to Avoid Prosecution
JP Morgan Pays $2 Billion to Avoid Prosecution for its Involvement In Madoff Ponzi Scheme JP Morgan: Ponzi Schemer Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes. So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution. While this may sound like a lot of money, it is spare sofa change for a big bank like JP Morgan. Moreover, the failure to go after Wall Street executives for criminal fraud is the core cause of our sick economy. All of the government’s… View Article
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