U.S. prosecutors and regulators are expected to announce this week that JPMorgan Chase & Co. will pay slightly more than $2 billion in penalties for alleged failures to warn about Bernard L. Madoff's massive fraud, the Wall Street Journal reported today. The federal actions, which are expected to include a deferred-prosecution agreement with Manhattan U.S. Attorney Preet Bharara, could be announced as early as tomorrow. The bulk of the fines are expected to be routed to victims of Madoff, who pleaded guilty to charges he ran a decades-long Ponzi scheme that bilked investors out of billions of dollars. Penalties paid to the Justice Department are expected to form the largest chunk of the total — an amount greater than $1.5 billion.
