Taxpayers Could Shoulder a $700 Million Hidden Tax Subsidy Unless Agencies Prevent Bank from Deducting $2 Billion Settlement for Allegedly Enabling Ponzi Scheme
Boston, Mass.—(ENEWSPF)—January 6, 2014. Statement by Francisco Enriquez, U.S. Public Interest Research Group Tax & Budget Associate, on the reported $2 billion settlement JPMorgan is reportedly close to reaching with regulators over allegations that it ignored signs of Bernard Madoff’s huge Ponzi scheme.
“It’s commendable that agencies seek to hold JPMorgan accountable…
