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Tuesday, November 08, 2011

Madoff Investors Sue JPMorgan For $19 Billion

NEW YORK (CNNMoney) -- Two investors who lost their money to Bernard Madoff are suing JPMorgan Chase for $19 billion, accusing the firm of aiding and abetting the Ponzi schemer.

Stephen and Leyla Hill filed suit Monday in federal district court in New York. The suit accuses JPMorgan (JPM, Fortune 500), which was Madoff's banker for more than 20 years, of knowing about the ponzi scheme.

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