Say the name Bernie Madoff, and chances are everyone will immediately remember the Ponzi scheme that bilked investors of $64 billion. What likely won't spring to mind is JPMorgan Chase's role in the more than decadelong fraud. And the link is all the more egregious, Helen Davis Chaitman, an attorney who represents 1,600 of Madoff's victims, and Lance Gotthoffer write in JPMadoff: The Unholy Alliance Between America's Biggest Bank and America's Biggest Crook," because the federal government has failed to prosecute any of the bankers involved. Madoff trustee Irving Picard laid out JPMorgan's involvement in a complaint, which was turned into a list of stipulations the government entered as part of a deferred prosecution agreement with JPMorgan. The stipulations outline two violations of the Bank Secrecy Act, under which banks are responsible for alerting authorities to suspected illegal activity by customers. JPMorgan, the world's sixth-largest bank by total assets, pleaded ignorance of wrongdoing but accepted the stipulations and paid a $1.7 billion fine. [When] Madoff began kiting checks ... Bankers Trust Co. spotted the illegal activity and closed Madoff's account. That's when Madoff moved his business to JPMorgan, depositing $150 billion from 1986 through 2008. JPMorgan handled only Madoff's illegal investment advisory business, not the successful stock trading business that employed 190 of Madoff's 200 employees. And though the bank was prosecuted, none of the bankers involved with Madoff's account were.