Indeed, these deals were special for all involved: (a) Levy enjoyed Madoff's inflated return
rates of up to 40 % on the money he invested with Madoff; (
b) Madoff enjoyed the benefits of large amounts of cash to perpetuate his fraud without being subject to JPMC's due diligence processes; and (c) JPMC earned fees on the loan amounts and watched the «special deals» from afar,
escaping responsibility for any due diligence on Madoff's operation.»