JPMorgan Suspected Madoff Months Prior To Arrest, Kept Doing Business With Him

Take a second look at that lawsuit filed against JPMorgan for “enabling” Bernie Madoff.

ABC News has separately obtained a bank document dated Oct. 29, 2008 that filed a suspicious activity report on Madoff, who was a regular client. The document calls Madoff’s returns “too good to be true.”

Madoff wasn’t arrested until December 10. During this time, JPMorgan continued doing business with the ponzi artist.


NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.