Book Review: 'JP Madoff:The Unholy Alliance between America's Biggest Bank and America's Biggest Crook'

Abstract

This is a review of a book that describes the complicity between America’s biggest bank, JP Morgan Chase and the major financial fraud by Bernard Madoff. It makes a compelling case that bank officials should have known that of Madoff’s illegal activity fraud. Bank officials however looked the other way because they profited substantially from their relationship with Madoff.

Keywords: Bank Secrecy Act, Bank Fraud, Madoff, Ponzi Scheme