In the end, JPMorgan decided that paying more than $2 billion was better than trying to fight claims that it aided the biggest Ponzi scheme in history. The winners in the settlements are Mr. Madoff’s victims, who will never be made whole but are at least a step closer to receiving a measure of compensation, due in part to a creative use of the law by federal prosecutors.
via What the JPMorgan Settlement Means – NYTimes.com
