You can place the top executives of JPMorgan Chase & Co. high on the list of people who wish they had never heard the name Jeffrey Epstein. The Virgin Islands asserted that JPMorgan — and Deutsche Bank, which took on Epstein as a client after Morgan dumped him in 2013 — obstructed the law, in part by failing to promptly …
Bernie Madoff arrives at Manhattan federal court in 2009. Like a certain former president, Madoff grew up in New York City’s outer boroughs, where he came to resent the high-hats of Wall Street. While Madoff’s client list increasingly tilted toward the posh and preening in Palm Beach and the Persian Gulf, “it was Bernie from Brooklyn who thanklessly drove the …
Bernie Madoff, seen in 2009. — Bernie Madoff The agency tightened its oversight of securities firms after the exposure of Madoff’s fraud — and the SEC’s failure to act despite multiple warnings — in 2008. As an investigation by the SEC’s inspector general revealed, the SEC had received enough “detailed and substantive complaints over the years to warrant a thorough …
