JPMorgan's Madoff Settlement Could Prove Elizabeth Warren Right Staff
Posted: Jan 07, 2014 11:28 AM
Another day, another $1.7 billion in fines for JP Morgan. This time, it's for failing to catch Ponzi schemer Bernie Madoff as it managed his ill gotten gains. Now the bank has to admit that it didn't have the systems in place to catch Madoff and implement them under a deferred criminal prosecution agreement.