A former JPMorgan Chase & Co. banker who managed Bernard Madoff’s account said that the con man was on track to receive a $200 million loan less than a month before his arrest if the request hadn’t been dropped, Bloomberg News reported today. Daniel Bonventre, one of five ex-Madoff employees on trial for allegedly aiding the fraud, asked JPMorgan in November 2008 to borrow twice Madoff’s credit limit of $100 million, with U.S. Treasuries as collateral, Mark Doctoroff, who left the bank last year, testified yesterday in federal court in Manhattan. The five former employees are accused of helping Madoff hide his fraud from customers, banks and regulators for years, and getting rich in the process.
