Dec. 12 (UPI) -- JPMorgan Chase might pay as much as $2 billion to the government to settle a case in the bank's alleged failure to properly warn authorities about Bernie Madoff's Ponzi scheme, the largest in history.
The JPMorgan settlement could close by the end of the year, and would include a deferred-prosecution agreement with the U.S. Department of Justice. Criminal violations would be outlined in a court filing, stopping short of indictment as long as the bank acknowledges the facts of the government's case and follows through with its settlement.