A former JPMorgan Chase banker who managed Bernard Madoffs account said the con man was on track to receive a $200 million loan less than a month before his arrest if the request hadnt been dropped.
Daniel Bonventre, one of five ex-Madoff employees on trial for allegedly aiding the fraud, asked JPMorgan in November 2008 to borrow twice Madoffs 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.
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