Link

JPMORGAN CHASE AGREES TO PAY $1.7 BILLION TO SETTLE FEDERAL CLAIMS IN MADOFF FRAUD – SUPPORTING DOCUMENTS FOR DEFERRED PROSECUTION AGREEMENT W/ EXHIBITS: U.S. V. JPMORGAN CHASE BANK, N.A.

JPMORGAN CHASE AGREES TO PAY $1.7 BILLION TO SETTLE FEDERAL CLAIMS IN MADOFF FRAUD – SUPPORTING DOCUMENTS FOR DEFERRED PROSECUTION AGREEMENT W/ EXHIBITS: U.S. V. JPMORGAN CHASE BANK, N.A.

 

JPMorgan Chase & Co will pay $1.7 billion to settle U.S. charges it violated laws requiring banks to monitor customer activity for money laundering in its handling of accounts of convicted Ponzi-schemer Bernard Madoff. JPMorgan Chase Bank will be criminally charged with 2 violations of the Bank Secrecy Act in connection with the Bernard Madoff’s Multi-Billion Dolar ponzi scheme. Deferred prosecution agreement requires JPMC to admit its conduct, pay $1.7B to victims of Madoff’s fraud & reform its anti-money laundering policies

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s