Lawyers use Bernie Madoff jailhouse interview to sue JPMorgan executives in NY over fraud

  • by: LARRY NEUMEISTER , Associated Press
  • Updated: February 20, 2014 - 7:45 PM

NEW YORK — A new lawsuit against JPMorgan Chase & Co. relied on a jailhouse interview with Bernard Madoff to bolster claims that top executives at the nation's largest bank for many years confronted Madoff about significant concerns in filings with a regulatory agency regarding his private investment business but always backed off because he earned the bank so much money.

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