Madoff Judge Approves $543 Million JPMorgan Chase Settlements

Mani

Published onFebruary 5, 2014

Updated on May 13, 2021

A federal judge approved JPMorgan Chase & Co. (NYSE:JPM)’s $543 million deal ending lawsuits stemming from the bank’s relationship with Bernard Madoff.

Table of Contents

The bank’s settlement with the trustee for Bernard Madoff’s defunct firm was approved by the judge overseeing its liquidation.

JPMorgan’s Madoff linkage

Bernard Madoff, one of the most notorious financial criminals in living memory, orchestrated a Ponzi scheme in which investors lost over $17 billion. JPMorgan Chase & Co. (NYSE:JPM) was Bernard Madoff’s banker for about two decades. The bank’s national banking unit reportedly violated the...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Madoff Judge Approves $543 Million JPMorgan Chase Settlements

JPMorgan’s Madoff linkage

Login required to continue reading.

Get Your Business News