Bloomberg News
TOO BIG TO JAIL? Preet Bharara, the U.S. Attorney for the Southern District of New York, on Tuesday said the government deferred its prosecution of JPMorgan Chase in part out of consideration for the "potential collateral consequences."

Why Prosecutors Let JPM Skip 'Jail' with $2.6B Settlement

Manhattan U.S. Attorney Preet Bharara on Tuesday defended his decision not to prosecute JPMorgan Chase for allegedly facilitating Bernie Madoff's Ponzi scheme, calling a deferred-prosecution agreement and monetary penalty an "appropriate" resolution of the bank's alleged failings.

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