JPMorgan Chase to pay steep price for not reporting Madoff fraud suspicions: $2.5 billion

  • by: LARRY NEUMEISTER , Associated Press
  • Updated: January 8, 2014 - 5:20 AM

NEW YORK — For more than 15 years, there were signs something was amiss with what federal prosecutors in Manhattan call the "703 account" at JPMorgan Chase & Co.

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