Criminal Action Is Expected for JPMorgan in Madoff Case
By The New York Times | December 12, 2013 10:07 am

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. (read more)

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