JP Morgan's Madoff ConnectionJunior is taking a well-deserved vacation in South Lake Tahoe this weekend but news doesn't take a vacation.
Forgive me as I do not have WiFi here at the cabin so this post will be short and sweet sans links; from FierceFinance.com (go on, sweetheart, you can look it up yourself), JP Morgan might be in a tiny bit of trouble.
In 2006, $JPM pulled a significant amount of funds which had been invested directly (by way of an alternate hedge fund set up specifically for this purpose) from Bernie Madoff's scheme without informing investors. Did our friends know something the rest of us didn't?
Just a little food for thought on this fine Friday morning.
I'm hitting the slopes now. Don't miss the story.