International Business Times: JPMorgan Chase Now Being Investigated By Eight Federal Agencies, One Case Concerns Whether The Bank Fully Alerted Authorities To Suspicious Madoff Trades

International Business Times

JPMorgan Chase Now Being Investigated By Eight Federal Agencies, One Case Concerns Whether The Bank Fully Alerted Authorities To Suspicious Madoff Trades Mar 27th 2013, 11:19 The number of federal agencies now investigating JPMorgan Chase & Co. (NYSE:JPM), the biggest U.S. bank by assets, has grown to eight, and one case involves suspicions the biggest U.S. bank by assets did not fully alert authorities to concerns about Bernard L. Madoff, now in prison for an $18 billion Ponzi scheme, the New York Times said Wednesday. While some of the New York-based bank's troubles have been disclosed, suspicions that JPMorgan may not have been as forthcoming with authorities about suspicious trades related to Madoff as the required is new.

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