Bernie Madoff: 'JPMorgan knew'

Politico reports:

The financial world was stunned to learn in 2008 of Bernard Madoff’s years-long, multi-billion dollar Ponzi scheme.

But according to Madoff, one Wall Street bank knew long before then that something was wrong — and chose not to do anything.

“JPMorgan knew it,” he said as part of a wide-ranging interview last week at a medium-security prison here, where Madoff is serving a 150-year sentence after pleading guilty in March 2009 to massive investment and securities fraud that devastated thousands of clients.