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  • Sports Briefs April 18

    sports3Kevin Kouzmanoff delivered again, doubling twice and scoring two runs as the Texas Rangers beat Seattle Mariners 8-6 yesterday. Texas lost the opener of the four-game series on Monday night, but won the last three.

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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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