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Posts Tagged ‘Bernie Madoff relationship with JP Morgan’

JPMadoff: New Site Hits JPMorgan Hard in re: Madoff

Posted by Larry Doyle on August 12th, 2014 11:46 AM |

In early January of this year, JP Morgan was hit with a $2 billion fine and a deferred prosecution agreement for its failures to properly manage and monitor its 20-plus year relationship with the Sultan of Swindle Bernie Madoff.

In my opinion, that settlement had little meaningful correlation with what most in our nation would define as justice. I wrote as much in my commentary, JP Morgan – Madoff: Lots of ‘CYA’ But Little ‘KYC’.

After this settlement was finalized, I can only assume that many of the folks at FINRA, the SEC, DOJ, SIPC (Securities Investor Protection Corporation), and certainly JP Morgan exhaled a welcome sigh of relief to see the JPM-Madoff affair fading into the rear view mirror.

Not so fast!! (more…)

JP Morgan Holding Back Madoff Documents

Posted by Larry Doyle on January 4th, 2013 11:57 AM |

Four years after the fact and America still does not know what really transpired within the Madoff scandal. Who knew what? Who did what?

Are we supposed to believe that only Bernie and a few other miscreants within his web perpetrated this scam unbeknownst to others on Wall Street and within the halls of our financial regulators? That premise would take the definition of naivete to an exceptionally elevated level.

What other entities benefited from feeding off Bernie Madoff? Well, if we needed to rely on the likes of JP Morgan, we will seemingly never learn that info and likely more. Why is that?  (more…)






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