JPMorgan Chase faces $19 billion lawsuit from Madoff victims

Bank hit with class action lawsuit claiming willful ignorance of fraud

Two victims of Bernard Madoff’s Ponzi scheme filed a class action lawsuit Monday against JPMorgan Chase & Co. (JPMC), claiming the bank willfully ignored signs of fraud.

Stephen and Leyla Hill say in the complaint that JPMorgan was “at the very center of that fraud, and thoroughly complicit in it.”

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