Author Topic: JPMorgan to pay over $2 billion in Madoff fraud  (Read 336 times)

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Offline flowers

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JPMorgan to pay over $2 billion in Madoff fraud
« on: January 07, 2014, 01:27:45 PM »


Offline Oceander

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Re: JPMorgan to pay over $2 billion in Madoff fraud
« Reply #1 on: January 07, 2014, 01:29:36 PM »
http://bigstory.ap.org/article/jpmorgan-settles-madoff-fraud-claims-17b

Who or what gets this cash settlement?  Does it go to the people he ripped off? Does the settlement go to Treasury?

Penalties go to the government.  Just another shakedown.

Offline flowers

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Re: JPMorgan to pay over $2 billion in Madoff fraud
« Reply #2 on: January 07, 2014, 02:36:43 PM »
Penalties go to the government.  Just another shakedown.
I thought as much. Then that money goes to??? DNC? Obies slush fund? John Roberts?  Where is it supposed to go?



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