More brazen bribery as JP Morgan pays $2 billion to avoid prosecution

[ShootSpeeders]

The rich and powerful just buy their way out of everything. It's always been like that but it's gotten worse under super-corrupt obozo.

JPMorgan Chase to pay $2.0 billion to avoid Bernard Madoff investigation: reports | The Raw Story

January 6, 2014 9:23 EST

JPMorgan Chase, the US bank used by Bernard Madoff who masterminded the biggest fraud on record, has agreed to pay about $2.0 billion to US authorities to avoid litigation, press reports said Monday.

The fraud ruined many investors and stoked public anger over the causes and consequences of the crisis.

The Wall Street Journal said: “The bulk of the fines are expected to be routed to victims of Mr. Madoff.”

JPMorgan Chase, the biggest US bank by assets, was the main bank used by Madoff for more than 20 years.

The sources quoted by the two papers said the bank had agreed to pay up to close criminal and civil investigations by federal authorities which suspected that the bank had ignored signs that Madoff was operating a fraudulent scheme.

The New York Times said that the expected announcement would take to $20 billion the total amount paid by the bank in the last 12 months to settle various government investigations.

 

[HenryBHough]

And imagine....the Obama regime agreed to the settlement!

Yet one more failure for The New Messiah, eh libs?