FBI Pursuing Action Against JPMorgan Over Madoff's Ponzi Scheme

U.S. prepares action against JPMorgan over Madoff’s Ponzi scheme.

Talk about kicking someone when they’re down. The FBI must be thinking that since JPMorgan has its fat wallet out already, they might as well get in on the action. In what would be an unheard of move, the FBI and U.S. Attorney’s Office are considering imposing a deferred prosecution agreement over allegations the bank permitted Bermie Madoff’s Ponzi scheme. While criminal charges against JPMorrgan would be suspended, fines and other concessions would be levied. If any other government need bodies need some additional funding, this would be a good time to make a claim agents JPMorgan.