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HomeJP Morgan – Madoff : Lots of ‘CYA’ But Little ‘KYC’
Posted by Larry Doyle on January 8th, 2014 7:46 AM |
Oh what a tangled web we weave when first we practice to deceive.
All too often we have heard senior level individuals from an array of financial institutions and regulatory agencies say that they too were deceived by the master swindler Bernie Madoff.
That sort of lame excuse might work for a naive young teenager duped by an online scam artist trying to make a quick buck. It certainly does not and should not hold any water for senior level bankers running an institution like JP Morgan. Why is that? (more…)
