Madoff trustee charges JP Morgan with "Enabling" massive fraud; $1 billion in profits and $5.4 billion in damages sought to be recovered. Says JP Morgan had clear doubts about Madoff operation and should have been more vigilant about firm's cash flows.
http://www.bloomberg.com/news/2010-12-02/jpmorgan-sued-for-6-4-billion-over-madoff-fraud-by-liquidating-trustee.html
About Me
- ASH (Ashutosh Singh)
- Financial Advisor, GTA, Ontario, Canada
- Investment, Insurance, Tax & Estate Planning
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