Charges to Be Deferred for Two Years Under an Agreement Requiring JPMorgan to Admit to Its Conduct; Pay $1.7 Billion to Victims of Madoff’s Fraud; and to Reform Its Anti-Money Laundering PoliciesU.S. Attorney’s OfficeJanuary 07, 2014Southern District of New York(212) 637-2600FBI Public Information Office(212) 384-2100
Preet Bharara, the United States Attorney for the Southern District of New York, and George Venizelos, the Assistant Director in Charge of the New York Office of the Federal Bureau of Investigation (FBI), announced criminal charges against JPMorgan Chase Bank N.A. (JPMorgan or the bank), consisting of two felony violations of the Bank Secrecy Act, in connection with the bank’s relationship with Bernard L. Madoff Investment Securities (Madoff Securities). The case is assigned to United States District Judge Lewis A. Kaplan.