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JPMorgan to pay over $2.5 billion in Madoff fraud

January 8, 2014
By LARRY NEUMEISTER , THE ASSOCIATED PRESS

NEW YORK - JPMorgan Chase & Co., already beset by costly legal woes, will pay more than $2.5 billion for ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme, authorities said Tuesday.

 
 

 

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