If you recall from the previous unsealed complaint, “Top JPMorgan Execs. Were Warned of Madoff Scheme”, this appears to be similar…certainly if there is one, there must be others.

This is just slightly south of the entire settlement package of the Foreclosure Fraud settlement, which is also nilch for the acts committed.

Reuters-

Former customers of Bernard Madoff’s massive Ponzi scheme filed a class action lawsuit on Monday seeking to recover $19 billion from JPMorgan Chase & Co, claiming the bank willfully ignored signs of fraud.

JPMorgan was Madoff’s bank for two decades. The lawsuit, filed in federal court in Manhattan, claims the bank was “thoroughly complicit” in concealing Madoff’s fraud.

[REUTERS]

© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com

Related posts:

1. The Daily Beast| JPMorgan and Madoff: Will the Scandal Sink Jamie Dimon? by Allan Dodds Frank The allegations unveiled Thursday by the...
2. COMPLAINT | Top JPMorgan Execs. Were Warned of Madoff Scheme Amended Complaint against all defendants / Complaint against JPMorgan Chase...
3. Bernie Madoff: JPMorgan Doesn’t Have A Chance In Hell And HSBC And UBS Are Going To “Have Problems” via: Business Insider Madoff said: “JPMorgan doesn’t have a chance...
4. TRUSTEE FOR LIQUIDATION OF BERNARD L. MADOFF INVESTMENT SECURITIES CHARGES JPMORGAN CHASE, MADOFF’S PRIMARY BANKER, WITH “ENABLING” MASSIVE FRAUD The complaint seeks to recover nearly $1 billion in fees...
5. UNSEALED #2 COMPLAINT | CITIBANK SAW MADOFF FRAUD WARNINGS, RED FLAGS excerpt: 1. Citi’s “Due Diligence” And Early Discovery Of The...