Business

Madoff jailhouse interview used to bolster NY suit

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A new lawsuit against JPMorgan Chase & Co. relies on a jailhouse interview with Bernard Madoff to bolster claims that top bank executives for many years questioned Madoff about concerns but always backed off.

The lawsuit was filed Thursday in Manhattan federal court. In the lawsuit, lawyers for two pension funds quoted Madoff from an in-person interview conducted last fall in Butner, N.C., where Madoff is serving a 150-year prison sentence.

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