30 | March | 2013 | Deadly Clear

Bernie – Of course they knew…but do you think any of these government employees want the banks to go down and eliminate their empty pensions altogether?

Justice League

Madoff is sticking it to the banks. Madoff to FOX Business: ‘The banks knew’

Jailed Ponzi schemer Bernard Madoff plans to amplify his contention, possibly in testimony before Congress, that the big banks he did business with – J.P. Morgan Chase (JPM), Bank of New York Mellon (BK THE BANK OF NEW YORK MELLON CORP.), Citigroup (C CITIGROUP INC.) and HSBC Group (HBC), among others – knew what he was up to.

The banks have repeatedly and vehemently denied this contention.

But in an e-mail to FOX Business reporter Adam Shapiro received Tuesday, Madoff said he plans to offer specific information to Congressional committees investigating both his crimes and possible complicity on the part of Madoff’s banking partners.

Madoff said he has offered Irving Picard, the court-appointed bankruptcy trustee who has pored over Madoff’s finances since the scheme collapsed in late…

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Hey Joe – It’s not necessarily the money laundering aspect that the ethical personnel should have paid closer attention to…it’s the Ponzi scheme…and it’s not like the bank can’t see all the transactions, credit cards and general purchases that anyone makes from their keys to the backdoor.

Justice League

JPMorgan Chase Now Being Investigated By Eight Federal Agencies, One Case Concerns Whether The Bank Fully Alerted Authorities To Suspicious Madoff Trades

The number of federal agencies now investigating JPMorgan Chase & Co. (NYSE:JPM), the biggest U.S. bank by assets, has grown to eight, and one case involves suspicions the biggest U.S. bank by assets did not fully alert authorities to concerns about Bernard L. Madoff, now in prison for an $18 billion Ponzi scheme, the New York Times said Wednesday.

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