JPMorgan Profited Nearly a Billion Dollars From Madoff

NetNet reports that a new study by Dr. Linus Wilson, a finance professor at University of Louisiana at Lafayette, of Bernie Madoff’s massive Ponzi scheme concludes that JPMorgan Chase (JPM) made over $900 million in pretax profits from the Madoff scam. Wilson’s academic research looks at “total Madoff – linked account balances at JPMorgan from [...]