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  • State Funds New Signage For County Rail Crossings

    cones asphaltState regulators today approved nearly $1,000 in safety upgrades for 14 railroad crossings in Mason County. The Washington Utilities and Transportation Commission approved a Grade Crossing Protective Fund (GCPF) grant at the request of Simpson Lumber. Simpson Lumber will receive… Read More +

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  • Governors Announce Super Bowl Food Bank Donations

    fbaae8008dThe Seattle Seahawks-New England Patriots Super Bowl matchup is bringing cross-country donations into the food banks of each team's home state. Washington Gov. Jay Inslee, Massachusetts Gov. Charlie Baker and New Hampshire Gov. Maggie Hassan announced Thursday morning they're each… Read More +

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  • Seattle Storm Trade

    seatte stormThe Seattle Storm have traded Camille Little and Shekinna Stricklen to the Connecticut Sun for the third and 15th picks in the upcoming WNBA draft and Renee Montgomery. The Storm already have the No. 1 pick. Connecticut is trying to regroup from the loss of rookie of the year Chiney Ogwumike, who is sidelined for at least six months after having microfracture surgery

    Read More
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JPMorgan Chase Faces $2B Madoff Penalty

b_250_0_16777215_00_images_obgrabber_2014-01_285e88d914.jpgScott Eells/Bloomberg via Getty Images (NEW YORK) -- JPMorgan Chase is close to making another big payout to federal regulators. This time, the alleged wrongdoing involves what the bank didn’t tell investors after receiving warnings that Bernard Madoff’s money management business was a fraud. The latest settlement would mean the biggest U.S. bank has paid about $20 billion to settle government investigations and lawsuits in the past 12 months.

According to published reports, an announcement is likely this week.  JPMorgan Chase would pay about $2 billion in penalties related to Madoff and most of the money will go to his victims.

The New York Times says the Madoff settlement “would also involve a so-called deferred prosecution agreement, a criminal action that would essentially suspend an indictment as long as JPMorgan acknowledged the facts of the government’s case and changed its behavior.” 

That kind of agreement is very unusual for a big bank.

Copyright 2014 ABC News Radio

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OlySportsBlog
OlySportsBlog - Riley Carel the only thing keeping the Saints in this game. Three 3-pointers in the second half but SPU leads 54-38 with 11:57 left.

35 minutes ago

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SoundersFC - #SFCPreseason may have just started, but @marcopappas16 is already looking ahead to March: sndrs.com/qr4g pic.twitter.com/RpmFrQ8l2Q

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OlySportsBlog - Oh boy, Seattle Pacific on an 11-3 run to open the second half. They lead 45-27 with 15:54 left to play.

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