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Bill Selak (CC BY 2.0)

Justice? JPMorgan to Pay $2 Billion to Make Madoff Case Go Away

Notably, none of the bankers who recognized that JPMorgan was profiting from handling Bernie Madoff’s Ponzi scheme will face charges. Welcome to justice, Wall Street style.

Posted on Jan 6, 2014 READ MORE


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U.S. Department of Justice

Madoff Accountant Arrested

David Friehling, the accountant of Bernard Madoff (pictured above), was arrested Wednesday on charges of securities fraud. Friehling is the first alleged accomplice to be named by authorities in connection with Madoff’s $65 billion Ponzi scam, though the accountant was charged with auditing failures, not direct participation in the scheme itself.

Posted on Mar 18, 2009 READ MORE


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