JPMorgan CEO Jamie Dimon on May 26 was ousted from lawsuits at the bank’s New York headquarters over allegations related to the company facilitating and profiting from trade. sex of longtime client Jeffrey Epstein, reports CNBC.
Both Demon and JPMorgan failed in their efforts to dismiss the lawsuits by the plaintiffs – an anonymous Epstein accuser and the US Virgin Islands government. However, both – Demon and JPMorgan – deny any wrongdoing and liability in the cases.
According to the lawsuit, the largest US bank JP Morgan kept Epstein as a client even after learning that he was being investigated for sexually abusing underage girls in Florida. Although Epstein pleaded guilty in a state charge in 2008 to paying for underage prostitution, the company continued to do business with him.
Meanwhile, JPMorgan has been charged in complaints in US District Court in Manhattan for doing so to keep Epstein despite internal concerns about his sleazy reputation, the report added. .
Virgin Islands lawsuit claims Epstein regularly cashed out to pay young women to US territory so he and others could abuse them at his residence on a private island that he owns.
“Human trafficking is [principal] trading accounts that Epstein maintained at JPMorgan,” CNBC cited the Virgin Islands lawsuit as said.
According to details, the Dimon offering is being made private, so the questions and answers given will only be made public if they are used in court records and proceedings. procedural.
In addition, the Virgin Islands has also issued a series of subpoenas in which it seeks documents related to Epstein and JPMorgan from several high-profile figures the government suspects Epstein tried to recruit as guests. bank goods.
Fellow clients include — Tesla CEO Elon Musk, Google co-founders Larry Page and Sergey Brin, former Disney executive Michael Ovitz, Hyatt Hotels executive chairman Thomas Pritzker and Mort Zuckerman, billionaire real estate investment.
The new development of Dimon’s removal comes a week after Deutsche Bank agreed to pay $75 million to Epstein’s victims to settle a class-action lawsuit filed by one of his accusers.
After JPMorgan severed ties with Epstein in 2013 – keeping him as a client for 15 years – Deutsche Bank took on Epstein as a client.
When Epstein was a JPMorgan client from 1998 to 2013, Dimon did not review Epstein’s accounts.
Although Epstein died six years later by suicide in a New York prison, that is a month after federal authorities charged him with trafficking girls for love.
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Updated: May 27, 2023, 02:25 AM IST
