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Saturday, April 25, 2009

Victims' Lawsuit Claims JPMorgan Aided Madoff's Fraud

The accusation was made in a lawsuit filed late Thursday in federal court in Manhattan by lawyers representing one of the latecomers to Mr. Madoff’s scheme, a Florida partnership that deposited $12.8 million with him between October and early December.
A spokesman for the bank denied the accusation. “The allegations in this lawsuit are false and misguided and we look forward to swift vindication in court,” said Brian Marchiony, after the bank’s legal staff reviewed the complaint. LinkHere

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