Bloomberg News’ Keri Geiger and Jennifer Arlen of New York University School of Law, discuss JPMorgan’s $1.7 billion settlement to resolve claims that it played a role in facilitating Bernie Madoff’s ponzi scheme on Bloomberg Television’s “Market Makers.” Here is a direct video link.
Also see this clip of US Attorney Preet Bharara explaining the banking relationship between JPMorgan and Bernie Madoff and Morgan’s legal failure to report clearly suspicious activities, because they were making lucrative fees from the accounts. Here is a direct video link.
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