JPMorgan Faces Sanctions In US' Madoff Probe

Law360, New York (January 4, 2013, 7:36 PM EST) -- The inspector general of the U.S. Department of the Treasury has threatened to sanction JPMorgan Chase & Co. unless it turns over information to federal regulators probing the bank's alleged role in Bernard L. Madoff's Ponzi scheme, according to a letter made public Friday.

Eric Thorson told JPMorgan general counsel Stephen Cutler in a Dec. 21 letter that the bank had until Jan. 11 to turn over unspecified documents to the Office of the Comptroller of the Currency, an arm of the Treasury Department that is conducting...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.