Irving H. Picard, the trustee for the liquidation of Bernard Madoff’s asset management firm, has filed a complaint against JPMorgan Chase, claiming the bank had suspicions about Madoff’s Ponzi scheme going back to at least 2006, but waited until 2008 to alert authorities while it earned hundreds of millions of dollars from doing business with Madoff.
The complaint was filed under seal on Dec. 2, 2010 in the U.S. Bankruptcy Court for the Southern District of New York, but was unsealed Thursday and made available to the public.
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