JPMorgan Faces Sanction for Withholding Madoff Documents

The U.S. Treasury Department's inspector general has threatened to punish JPMorgan Chase & Co. (JPM) for failing to turn over documents to regulators investigating the bank's ties to Bernard Madoff's Ponzi scheme. Inspector General Eric Thorson gave the largest U.S. bank a Jan. 11 deadline to cooperate with the Office of the Comptroller of the Currency probe or risk sanctions for impeding the agency's oversight. JPMorgan, according to the Dec. 21 letter, contends the information is protected by attorney-client privilege. Thorson's letter didn't spell out what documents the OCC is seeking or the focus of its investigation.

Source: http://ml-implode.com/staticnews/2013-01-05_JPMorganFacesSanctionforWithholdingMadoffDocuments.html

jumbo loans 30 year fixed gus dahleh mortgage banker