JPMorgan to pay $2 billion fine for Madoff operations

4:26 PM ET Thu, 12 Dec 2013

The Feds allege JPMorgan should have known what Madoff was up to. Marc LoPresti, founder of LoPresti Law Group, and CNBC's Herb Greenberg, discuss the $2 billion fine the bank will pay the Feds for "turning a blind eye" to Madoff's fraudulent operations.