It will cost JPMorgan Chase nearly
$2.6 billion total to settle allegations that it turned a blind eye to
Madoff's epic Ponzi scheme. No individuals from the bank will be
penalized, however, and putting behind one of its biggest scandals will
cost the bank less than two weeks' revenue.
Why you may ask.
Chase was Madoff's primary bank for years, and it structured and sold investment vehicles tied to his purported returns.
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