Carl Shapiro Agrees to $625 Million Forfeiture

U.S. prosecutors won a $625 million forfeiture on Tuesday from accounts at JPMorgan Chase (JPM) traceable to a longtime associate of convicted swindler Bernard Madoff, according to court papers. The office of the Manhattan U.S. attorney said the money was paid to Madoff associate Carl Shapiro and certain other people and entities. – Reuters

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