Scott Cohn

JPMorgan Chase is expected to pay about $2 billion to settle an investigation into its dealings with convicted fraudster Bernard Madoff, though no individuals at the bank will be implicated, sources familiar with the agreement told CNBC. The deal, which Manhattan U.S. Attorney Preet Bharara could an…

JPMorgan Chase “failed miserably” as an institution, a U.S. attorney said Tuesday in announcing a record settlement over the company’s role as Bernard Madoff’s bank. It will cost JPMorgan Chase nearly $2.6 billion total to settle allegations that it turned a blind eye to Madoff’s epic Ponzi scheme.…

U.S. authorities are investigating whether JPMorgan Chase tried to impede their investigation of the Bernard Madoff Ponzi scheme, CNBC has learned. The bank is in the final stages of negotiating a $2 billion settlement involving a variety of allegations of misconduct in its role as Madoff’s primary…

In a new email from federal prison, convicted con artist Bernard Madoff claims federal regulators “eagerly accepted” information he offered about JPMorgan Chase, which is in talks with U.S. authorities about a potential $2 billion settlement over its alleged role in the Madoff fraud. “I am not looki…

There is no mistaking the medium-security unit of the Butner Federal Correctional Complex, in Butner, N.C., for anything other than a prison. But Bernard Madoff could have done much worse. The grounds are carefully maintained, and some parts of the facility feel more like a college than a correction…

Set it in stone! South Dakota, the home of Mount Rushmore, where the greatest presidents are carved into rock, is this year’s top state for doing business in America, according to CNBC. It finished ahead of Texas, last year’s winner, and neighboring North Dakota, which came third in the annual poll.…

One of the world’s most infamous and longest-running white collar crime cases could come to a dramatic end Friday, when Jeffrey Skilling and federal prosecutors go before a judge in Houston to ask that the former Enron CEO be released early from prison. The hearing before U.S. District Judge Sim Lake—Skilling’s first public appearance in more than six years—is the result of a proposed sentencing agreement first reported by CNBC on April 4. Skilling, now 59, developed Enron’s business model as…

One of the world’s most infamous and longest-running white collar crime cases could come to a dramatic end Friday, when Jeffrey Skilling and federal prosecutors go before a judge in Houston to ask that the former Enron CEO be released early from prison. The hearing before U.S. District Judge Sim La…

Former Enron CEO Jeff Skilling may leave prison by 2017 - NBC News

Former Enron CEO Jeffrey Skilling would be out of prison in 2017—more than 10 years early—under a proposed sentencing agreement submitted to a federal judge in Houston on Wednesday. Under the agreement, which could be finalized within weeks, Skilling would give up all of his remaining rights to appe…

Enron's Jeff Skilling could get early release from prison - NBC News