Working through a long list of legal problems, JPMorgan Chase is starting the new year with another steep payout to the government.
The bank plans to reach as soon as this week roughly US$2 billion in criminal and civil settlements with federal authorities who suspect that it ignored signs of Bernard L. Madoff’s Ponzi scheme, according to people briefed on the case.
It may be hard to tell from reading the business pages of your local newspaper, but the F.B.I. assures us that crime fell last year.
Never mind that Conrad Black started his six-year prison sentence for fraud, an oil-services company was blamed for corrupting Senator Ted Stevens of Alaska, and Bernard Madoff said he fleeced investors of $50 billion with his Guinness-worthy Ponzi scheme.
? One of the best blogs out there on white-collar crime is the White Collar Crime Prof Blog, and each year they put together an award for White-Collar Crime called ?The Collars?. ??Here are a few of my favorites for 2011 and a little background on each: The Collar for the Gun Used Most Often ...