On Tuesday, a federal Choose ordered Jamie Dimon, CEO of JPMorgan Chase, to allocate two days for depositions in a case associated to Jeffrey Epstein.
In late 2022, the U.S. Virgin Islands filed a lawsuit towards JPMorgan Chase for alleging the financial institution profited from Epstein’s intercourse trafficking scheme.
The lawsuit additionally accuses JPMorgan of “turning a blind eye” to suspicious exercise that occurred from Epstein’s account.
U.S. Virgin Islands Lawyer Common Denise George said “Over greater than a decade, JPMorgan (JPM) clearly knew it was not complying with federal rules in regard to Epstein-related accounts as evidenced by its too-little too-late efforts after Epstein was arrested on federal intercourse trafficking expenses.”
The lawsuit claims, “Human trafficking was the principal enterprise of the accounts Epstein maintained at JPMorgan.”
George was subsequently fired.
A federal decide on Tuesday ordered JPMorgan Chase CEO Jamie Dimon to put aside two days for depositions about what he knew in regards to the financial institution’s relationship with intercourse offenderand former consumer Jeffrey Epstein.
The most important US financial institution faces lawsuits in search of damages by ladies who declare that Epstein sexually abused them, and by the US Virgin Islands, the place the late financier had a house.
JPMorgan is individually suing former personal banking chief Jes Staley, claiming he hid what he knew about Epstein and will cowl losses it could incur within the two lawsuits.
US District Choose Jed Rakoff in Manhattan mentioned Dimon may be questioned by the plaintiffs’ legal professionals for 5 hours, and by Staley’s lawyer for 2 hours.
Rakoff could permit extra time if anybody requests it. JPMorgan had provided to make Dimon accessible for 3 hours. An Oct. 23 trial is scheduled.
“The plaintiffs’ counsel know our CEO has no related information, however stick with this media stunt,” JPMorgan mentioned in an announcement. “A assessment of greater than twenty years of emails and different paperwork makes it clear that he had no involvement with Epstein or his accounts. He doesn’t recall ever assembly, talking or speaking with him.”