JP Morgan May Face Criminal Action in Madoff Case

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Five years ago, Bernard Madoff confessed to a $17 billion Ponzi scheme, the biggest in history, insisting that he acted alone. He also said his separate market-making operation was legitimate. But it's reported today that JP Morgan Chase is likely to pay a billion dollars in penalties to end a criminal probe of its involvement. Jim Sterngold is senior special writer for the Wall Street Journal.

Credits

Guest:
Jim Sterngold - Wall Street Journal - @JimSterngold

Host:
Warren Olney

Producers:
Caitlin Shamberg, Lata Pandya, Benjamin Gottlieb