Ponzi scheme

JPMorgan to pay $2.6 billion to US government, victims related to Madoff Ponzi scheme

Investment bank JPMorgan Chase & Co. has agreed to a $2.6 billion settlement with the US government and victims of the Bernard Madoff Ponzi scheme. Government prosecutors alleged that JPMorgan failed to share its suspicions of fraud at Madoff's fund with the US authorities.

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Madoff sons vindicated

Bernie Madoff's sons were vindicated for the civil case over the properties of their father in the UK.

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