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Friday, July 20, 2018, 11:04 p.m.

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U.S. rips bank for Madoff failure

JPMorgan Chase & Co., which agreed Tuesday to pay $1.7 billion to settle claims that it facilitated Bernard Madoff ’s Ponzi scheme, “failed miserably” as a financial institution, Manhattan U.S. Attorney Preet Bharara said.

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