Friday, April 24, 2009

And the difference between a Ponzi scheme and what passed for I Banking is . . .?

JPMorgan Kept Quiet on Madoff’s False Returns, Investors Allege -
"April 24 (Bloomberg) -- JPMorgan Chase & Co. was accused in a lawsuit by Florida investors who lost $12.8 million of conspiring with Bernard Madoff after learning that his investment returns were false."

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