E-mails show that Bear Stearns cheated clients out of billions, and JPMorgan Chase (JPM -0.8%)...

E-mails show that Bear Stearns cheated clients out of billions, and JPMorgan Chase (JPM -0.8%) may be on the hook, The Atlantic reports. Former Bear mortgage execs are accused of defrauding investors through shoddy mortgage securities they engineered and sold while at Bear Stearns, and JPMorgan apparently knew about the alleged fraud since 2008.