What Is JP Morgan Chase's Criminal Presecution?

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Jamie Dimon, CEO of JP Morgan Chase made a settlement deal in place of criminal presecution. It is alleged that the bank “looked the other way while working with Madoff as he ran his multibillion dollar scam” (DeCambre). New York Post reports that many efforts of the procecutors of New York expected for JP Morgan to admit to the Ponzi scheme that its financial institution was in on with Madoff. That unfortunately did not happen and instead the bank paid big time.
$1.7 billion was paid to the Department of Justice among other penalties totaling $2.6 billion.

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