English
French
German
Italian
Russian
Spanish
JPMorgan should reveal more about CEO Dimon’s role in Epstein accounts -U.S. Virgin Islands
JPMorgan should reveal more about CEO Dimon’s role in Epstein accounts -U.S. Virgin Islands By Reuters
Breaking News
‘;
Stock Markets 4 hours ago (Feb 23, 2023 07:55PM ET)
(C) Reuters. FILE PHOTO: Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File Photo
By Jonathan Stempel
NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:JPM) should disclose more about Chief Executive Jamie Dimon’s role in business decisions related to Jeffrey Epstein, the U.S. Virgin Islands said in its lawsuit accusing the bank of aiding in the financier’s sex trafficking.
In a Thursday filing in Manhattan federal court, the U.S. Virgin Islands said JPMorgan’s wrongful conduct continued at least until August 2019, when Epstein killed himself.
But it said JPMorgan has agreed to provide relevant documents for Dimon only through 2014, and should provide documents for the next five years.
The U.S. Virgin Islands called Dimon “a likely source of relevant and unique information” about decisions to retain Epstein as a client, and discussions on Epstein’s referrals of prominent and wealthy potential clients.
According to the filing, the business referral relationship continued after Epstein stopped being a client.
JPMorgan is seeking the lawsuit’s dismissal. It did not immediately respond to requests for comment after business hours on the latest filing. Dimon has not been accused of wrongdoing.
The U.S. Virgin Islands is suing JPMorgan for unspecified damages, saying the bank should have known about its “high-risk” former client’s misconduct on a private island he owned there.
It has also criticized former JPMorgan private banking chief Jes Staley for staying on good terms with Epstein and exchanging emails that discussed young women and contained sexual content.
Epstein was a JPMorgan client from 2000 to 2013, maintaining his relationship even after pleading guilty in 2008 to a Florida state prostitution charge.
He died in August 2019 at age 66 in a Manhattan jail cell while awaiting trial on sex trafficking charges.
A separate complaint filed last month by Epstein victims against JPMorgan, which the bank also wants dismissed, said Dimon and other executives decided to “monitor the public news” about Epstein’s misconduct, yet did not sever ties with Epstein.
Dimon and Staley, who later served as Barclays (LON:BARC) Plc’s chief executive, are not defendants in either lawsuit.
Staley has acknowledged having a friendship with Epstein but denied knowing about his alleged crimes.
The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No. 22-10904.
JPMorgan should reveal more about CEO Dimon’s role in Epstein accounts -U.S. Virgin Islands
Terms And Conditions
Privacy Policy
Risk Warning
(C) 2007-2023 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
