PBS NewsHour

JPMorgan settles for $2.6 billion fine over Madoff fallout

Clip: 01/07/2014 | 7m 43s

JPMorgan Chase agreed to pay a record-breaking $2.6 billion fine to settle criminal charges related to the Bernie Madoff fraud case. Authorities charged the bank had turned a blind eye to Madoff's massive Ponzi scheme. Jeffrey Brown gets more detail from Patricia Hurtado of Bloomberg News.

Aired: 01/07/14

Rating: NR

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