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  • I-5 Traffic Woes In Olympia Again This Weekend

    waroadworkI5Drivers are once again being asked to avoid Interstate 5 in Olympia this weekend as crews finish concrete work on the second half of an aging expansion joint spanning the roadway. Many people took the Washington State Department of Transportation’s advice… Read More +

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  • Robbery Suspect's Wife Starts Crowdfunding Page

    WinstonThe wife of a suspected and wounded bank robber began a crowdfunding site for him right before she was arrested. The Tacoma News Tribune reports that 26-year-old Brittney Winston launched the campaign on Fundly.com, contending her husband is an Army veteran… Read More +

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  • Morrison's HR In 9th Puts M's Past Angels 3-1

    mariners400Logan Morrison hit a three-run homer with two outs in the ninth inning that broke a scoreless tie, and the Seattle Mariners boosted their wild-card hopes with a 3-1 victory over the Los Angeles Angels on Thursday night. With just their third win in nine games, the Mariners pulled within one game of the slumping Oakland Athletics for the second AL wild-card spot.

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JPMorgan Chase May Be Penalized in Madoff Case

b_250_0_16777215_00_images_obgrabber_2013-10_e6cfe921e3.jpgJerome Favre/Bloomberg via Getty Images (NEW YORK) -- JP Morgan Chase, America’s biggest bank, may face action from federal authorities who suspect that the bank “turned a blind eye” to Bernie Madoff’s massive Ponzi scheme, reports The New York Times. The case comes right after the bank reached a tentative $13 billion settlement with federal prosecutors over the sale of flawed mortgage products.

ABC News has confirmed that prosecutors and JPMorgan have held preliminary discussions about a so-called deferred prosecution agreement. This arrangement would suspend criminal charges in exchange for a fine and other concessions, the Times reports.

“We’re not commenting today other than to point people to our many previous statements where we’ve said that 'all of our personnel acted in good faith,’” the bank said in a statement Thursday.

Copyright 2013 ABC News Radio

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