Chase's Madoff connection

Discussion of the greed and evils of the banking industry in general

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Joined: Sat Jan 03, 2009 4:27 pm
PostPosted: Wed Sep 09, 2009 8:58 am
JPMorgan Chase made $483 million in after-tax profits from crook Bernie Madoff's accounts.

That's the estimate in a recently released paper done by Dr. Linus Wilson of the University of Louisiana at Lafayette.

It's only an estimate, but Wilson says Madoff at one point had $5.5 billion in various Chase accounts over a 16-year period.

Dr. Wilson is inviting litigants and prosecutors to view his work in anticipation of lawsuits coming out of the Madoff affair.

From John Crudele's column

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Joined: Mon Sep 22, 2008 12:34 am
PostPosted: Wed Sep 09, 2009 10:16 am
Nice find!

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Joined: Fri Feb 05, 2010 9:19 am
PostPosted: Sat Feb 06, 2010 7:37 am
I have gone through the post and just read out its cools information thanks for sharing with us.

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