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: Loan Modification & Home Loan News

Lawsuit: JPMorgan was warned on Madoff

By Moe Bedard

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(Source: CNN) – NEW YORK (CNNMoney) — JPMorgan Chase executives suspected that Bernard Madoff’s investment strategy was actually a Ponzi scheme years prior to its collapse, but did nothing to stop it, according to the court-appointed trustee trying to recove assets stolen by Madoff. The claims come in a lawsuit filed by trustee Irving Picard [...]

Full post as published by Loan Modification & Home Loan News on February 04, 2011 (boomark / email).

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