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JPMorgan to pay $2 billion fine for Madoff operations

Thursday, 12 Dec 2013 | 4:26 PM ET

The Feds allege JPMorgan should have known what Madoff was up to. Marc LoPresti, founder of LoPresti Law Group, and CNBC's Herb Greenberg, discuss the $2 billion fine the bank will pay the Feds for "turning a blind eye" to Madoff's fraudulent operations.