“For years, convicted fraudster Bernard Madoff, who ran the biggest Ponzi scheme in history, claimed from prison that JPMorgan Chase & Co., knew about the scam that he conducted through the bank. Madoff continues to haunt the nation’s biggest bank. A few days ago JPMorgan Chase entered into a deferred prosecution agreement with federal prosecutors in Manhattan to resolve criminal allegations related to the bank’s relationship with Madoff and agreed to pay $2.6 billion to various federal authorities and plaintiffs in civil cases. Legal expenses, including the recently anounced Madoff settlements, cost JPMorgan $1.1 billion, or 27 cents per share in the fourth quarter.”
http://www.forbes.com/sites/nathanvardi/2014/01/14/bernard-madoff-haunts-jpmorganss-earnings/
Tip Freedomwat.ch Staff with Bitcoin