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Violation Tracker Individual Record

Company: JPMorgan Chase & Co.
Current Parent Company: JPMorgan Chase
Penalty: $218,000,000
Year: 2014
Date: March 24, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Madoff Scandal
Violation Description: JPMorgan Chase, which provided banking services to fraudster Bernard Madoff, agreed to pay $218 million to Madoff's victims to settle litigation alleging it turned a blind eye to evidence of the Ponzi scheme.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:11cv8331
Case Name: Shapiro V. JPMorgan Chase & Co. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.