University of Louisiana-Lafayette professor Linus Wilson estimates JPMorgan (JPM) generated...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

University of Louisiana-Lafayette professor Linus Wilson estimates JPMorgan (JPM) generated almost half a billion dollars in profits off the $5.5B in Madoff deposits it held, and suspects "JP Morgan Chase's shareholders now wish that [Madoff] put his deposits in a competitor's bank."