JPMorgan Almost Put $1_32 Billion in Bernie Madoffs Ponzi Scheme

Tuesday, January 7, 2014
NEW YORK (TheStreet) - When it came to Bernie Madoff, JPMorgan got lucky its policy wasn't to do a $1 billion "trust me deal" with a felon who will rot in prison. Documents released by The Department of Justice on Tuesday show that JPMorgan came alarmingly close to putting well-over $1 billion of the firm's own capital into Bernie Madoff's Ponzi scheme, just before its collapse. JPMorgan, which ...

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