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For JPMorgan’s Madoff tie, rare criminal action looms

Posted: December 12, 2013 at 5:26 a.m.

JPMorgan Chase and federal authorities are nearing settlements over the bank’s ties to Bernard Madoff, striking tentative deals that would involve roughly $2 billion in penalties and a rare criminal action. The government will use a sizable portion of the money to compensate Madoff’s victims.

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Front Section, Pages 1 on 12/12/2013

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