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☆ JPMorgan Chase's drawn-out breakup with Jeffrey Epstein
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

Several months later, in October 2006, JPMorgan categorized Epstein as a "high-risk" client, according to a transcript of Dimon's deposition in May. Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. A 'faithless servant'One person who might know much more about the tangled relationship between Epstein and JPMorgan is Jes Staley. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

Persons: —, Morgan Stanley, Lehman Brothers —, Jamie Dimon, Jeffrey Epstein, Leon Black, Bill Clinton, Donald Trump, Epstein, Jes Staley, Staley, Jeffrey Epstein's, Michelle Licata, Courtney Wild, Stephanie Keith, Jane Doe, JP Morgan —, Epstein —, jes staley, Patricia Wexler, Wexler, Dimon, Barry Krischer, JPMorgan, Ghislaine Maxwell, Rod Stewart, Cipriani, Joe Schildhorn, Patrick McMullan, Frank Haberstroh, Haberstroh, Les Wexner, Wexner, Tom Williams, JP Morgan, Little, Little Saint James, Epstein's, Jim Spellman, Staley didn't, Morgan, James, Emily Michot, Bill Gates, Larry Summers, Woody Allen, Stephen Cutler, Cutler, Mary Erdoes, Erdoes, Youngbee Dale, Dale, JPMorgan Chase, Michael M, NYDFS, Bernie Madoff, Cecile de Jongh, Joe Shmoe, Jacob Shamsian Organizations: JPMorgan, Highbridge Capital Management, Citigroup, Lehman Brothers, titans, Apollo, US, US Virgin Islands, Bloomberg TV, Financial, US Department of, Treasury, Getty, BSA, Polaris Market Research, United Nations University Centre, M2C Model, Palm, JPMorgan Chase, Washington D.C, Inc, Apollo Global Management, The New York Times, Little Saint, Virgin, U.S ., Miami Herald, Tribune, Service, Microsoft, Columbia University, Mountain Capital, DOJ, New, Deutsche Bank, New York Department of Financial Services, Virgin Islands, Barclays, Authority, Wall Street Journal Locations: York, Manhattan, New York, US Virgin, dimon, Palm Beach , Florida, New York City, UN, Paris, Washington, Prague, thomas, Wexner, Little Saint, I'm, Little St, U.S, U.S . Virgin Islands, Staley, Dimon's, Virgin, British

Epstein had been a JPMorgan client from 1998 and 2013 when the bank terminated his accounts. Lawyers for the victims plan to seek up to 30% of the settlement amount for legal fees, court records show. The victims' lawyers also represented Epstein victims in a similar $75 million settlement with Deutsche Bank (DBKGn.DE), where Epstein was also a client. JPMorgan also faces a lawsuit over Epstein by the U.S. Virgin Islands, where Epstein owned two neighboring islands. The case is Doe 1 v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: Morgan Chase, Mike Segar, Jeffrey Epstein's, Epstein, Jan, Jed Rakoff, Jane Doe, JPMorgan, Rakoff preliminarily, Jes Staley, Staley, Jonathan Stempel, Jahnavi, Robert Birsel Organizations: Co, New York City, REUTERS, JPMorgan Chase's, U.S, JPMorgan, Deutsche Bank, Barclays, Reuters, U.S ., JPMorgan Chase Bank NA, Court, Southern District of, Thomson Locations: New York, U.S, Manhattan, U.S . Virgin Islands, Southern District, Southern District of New York, Bengaluru

☆ Jeffrey Epstein got $300 mln tax breaks, paid US Virgin Islands police, JPMorgan says
▼ + stars: | 2023-06-21 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

In a Tuesday night court filing, the largest U.S. bank also described how Epstein allegedly paid law enforcement entities such as the Virgin Islands Police Department. The U.S. Virgin Islands, where Epstein owned two neighboring islands, has accused JPMorgan of facilitating Epstein's crimes by providing banking services, and enabling him to pay victims. U.S. Virgin Islands police "never received a single complaint" about Epstein's sex trafficking and would have investigated complaints, a person familiar with the territory's law enforcement practices said. JPMorgan's latest disclosures followed Monday's release by the U.S. Virgin Islands of a 22-page document prepared by the bank in late 2019 after Epstein's death. JPMorgan has sued Staley, and wants him liable for damages it might owe in the accusers' and U.S. Virgin Islands' lawsuits.

Persons: JPMorgan Chase, Jeffrey Epstein, Epstein, Cecile de Jongh, Jeffrey Epstein's, Venetia Velazquez, de Jongh, EPSTEIN'S, Jongh, John, Jes Staley, Staley, Jonathan Stempel, Leslie Adler, Gerry Doyle, Deepa Babington Organizations: YORK, JPMorgan, U.S . Virgin Islands, Virgin Islands Police Department, U.S ., U.S . Virgin, Virgin Islands, FIDE, Financial, Co, Southern Trust Co, territory's Department of Justice, USVI DOJ, Barclays, Thomson Locations: U.S, U.S . Virgin, Manhattan, U.S . Virgin Islands, Florida, New York

☆ Jeffrey Epstein got $300 mln in US Virgin Islands tax incentives, JPMorgan says
▼ + stars: | 2023-06-21 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

In a Tuesday night court filing, the largest U.S. bank described how Epstein allegedly paid law enforcement entities such as the Virgin Islands Police Department. JPMorgan also alleged in the filings that Epstein had ties to U.S. Virgin Islands officials, including former first lady Cecile de Jongh, who the bank said were aware of Epstein's crimes. Spokespeople for the U.S. Virgin Islands did not immediately respond to requests for comment after business hours. The territory, where Epstein owned two neighboring islands, has accused JPMorgan of facilitating Epstein's sex crimes by providing banking services, and enabling him to pay his victims. The bank wants Staley to cover its losses in that lawsuit and the U.S. Virgin Islands lawsuit.

Persons: JPMorgan Chase, Jeffrey Epstein, Epstein, Cecile de Jongh, de Jongh, EPSTEIN'S, Jongh, John, STALEY, Jes Staley, Staley, Jonathan Stempel, Leslie Adler, Gerry Doyle Organizations: YORK, JPMorgan, U.S . Virgin Islands, Virgin Islands Police Department, U.S . Virgin, FIDE, Financial, Co, Southern Trust Co, territory's Department of Justice, USVI DOJ, Barclays, Thomson Locations: U.S, Manhattan, U.S . Virgin Islands, Florida, New York

☆ The hedge fund industry is reaching a tipping point: Grow up or go bust
▼ + stars: | 2023-06-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Some of the biggest hedge funds in the world are facing a problem that's proving just as challenging as predicting the markets. The Wall Street Journal has a story on that very conundrum, reporting on the tension at the $60 billion hedge fund Two Sigma between cofounders John Overdeck and David Siegel. While the structure of the modern hedge fund dates back to the 1940s, the industry really hit its stride during the 1990s. But I imagine not every hedge fund will want to go that route. And here's more on how hedge funds like Citadel and Millennium are transforming themselves with the help of Goldman Sachs' alumni.

Persons: Dan DeFrancesco, we've, cofounders John Overdeck, David Siegel, Overdeck, Siegel, cofounders, Goldman Sachs, Tracy Gray, Zhenni Liu, Wil Chockley, Charlie Hanna, Peter Deaner, Jeffrey Epstein, Jes Staley, Epstein, CliffsNotes, Bill Ackman, We've, Jeffrey Cane, Hallam Bullock Organizations: Sigma, Citadel, MaC, Marcy Venture Partners, JPMorgan, Columbia, Bloomberg, Financial Times, Pershing Square Capital, LinkedIn Locations: NYC, Los Angeles, Swiss, New York, London

☆ Jeffrey Epstein offered to help former JPMorgan banker get his daughter into Columbia, report says
▼ + stars: | 2023-06-20 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +3 min

A report revealed new details on Jeffrey Epstein's personal ties with ex-JPMorgan exec Jes Staley. Epstein offered to help Staley's daughter apply to Columbia, the Wall Street Journal reported. Jeffrey Epstein offered to help former JPMorgan executive Jes Staley's daughter nab an acceptance to one of Columbia University's doctorate programs, according to a report by The Wall Street Journal. Epstein offered to connect Staley with Columbia University's president at the Davos World Economic Forum in 2011, the report said, according to The Journal. Lawyers for Staley have denied the allegations against him to the Wall Street Journal.

Persons: Jeffrey Epstein's, Jes Staley, Epstein, Jeffrey Epstein, Jes Staley's, Staley, —, didn't, Mary Erdoes Organizations: ex, JPMorgan, Wall Street Journal, US Virgin Islands, Morning, nab, Columbia, The Journal, Staley, Economic, US Virgin, Little Saint, Wall Street, The Locations: Columbia, Davos

☆ Dimon may have ordered JPMorgan's review of Epstein ties, Virgin Islands says
▼ + stars: | 2023-06-20 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

NEW YORK, June 20 (Reuters) - JPMorgan Chase (JPM.N) Chief Executive Jamie Dimon may have ordered a 2019 review of the bank's relationship with the late financier and sex offender Jeffrey Epstein, the U.S. Virgin Islands said. The U.S. Virgin Islands lawsuit is scheduled for an Oct. 23 trial in Manhattan federal court. It referred to a 22-page summary of emails primarily between and among Epstein, Staley and others. A spokesperson for the Virgin Islands said the bank's senior executives "ignored the evidence of Jeffrey Epstein's crimes." JPMorgan is suing Staley to cover its losses in the U.S. Virgin Islands' and Epstein victims' lawsuits.

Persons: JPMorgan Chase, Jamie Dimon, Jeffrey Epstein, Epstein, Jes Staley, Dimon, Staley, Jed Rakoff, Lehman Brothers, Jeffrey Epstein's, Luc Cohen, Nupur Anand, Matthew Lewis Organizations: YORK, JPMorgan, U.S . Virgin, Jeep, Virgin Islands, Barclays, Thomson Locations: U.S, Manhattan, U.S . Virgin Islands, Florida, New York

☆ Jeffrey Epstein paid college tuition for the kids of the former first lady of the Virgin Islands, and she asked him for his input on the wording of a sex offender law: JPMorgan
▼ + stars: | 2023-06-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The ex-first lady of the Virgin Islands consulted Jeffrey Epstein on a sex offender bill, JPMorgan said. The filings come as JPMorgan is accused by the Virgin Islands of facilitating Epstein's alleged crimes. Days after de Jongh sent the tuition bill to Epstein, she sent him another email about updated language for a sex offender registration bill, per JPMorgan's filings. De Jongh was first lady of the Virgin Islands between 2007 and 2015. Meanwhile, the firm is suing one of its former executives, Jes Staley, alleging that he knew about Epstein's sex trafficking but hid his crimes to keep him as a client.

Persons: Jeffrey Epstein, Epstein, —, JPMorgan Chase, Cecile de Jongh, John de Jongh Jr, bankroll, de Jongh, Jongh, De Jongh, James, Venetia Velazquez, Jeffrey, Jes Staley Organizations: Virgin, JPMorgan, Service, Islands, Skidmore College, University of the, Washington, . Virgin Islands Locations: New York, Manhattan, Virgin, Virgin Islands, Tortola, University of the Virgin, Little St

U.S. District Judge Jed Rakoff in Manhattan on Friday denied "in its entirety" the U.S. Virgin Islands' request to again have Dimon and another JPMorgan employee testify under oath. The territory, where Epstein owned two neighboring islands, is seeking damages from JPMorgan for allegedly ignoring Epstein's sexual abuses and letting him set up a sex trafficking operation there. Epstein was a JPMorgan client from 1998 until the bank terminated him in 2013. Dimon said he did not recall discussing Epstein's accounts at the time, and had barely heard of Epstein until his July 2019 arrest. The case is U.S. Virgin Islands v. JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: Jamie Dimon, JPMorgan Chase, Jeffrey Epstein, Jed Rakoff, Epstein, U.S . Virgin Islands, Jeffrey, Dimon, Jes Staley, Staley, Jonathan Stempel, Jonathan Oatis Organizations: YORK, JPMorgan, U.S . Virgin, U.S, Barclays, Virgin, JPMorgan Chase Bank NA, Court, Southern District of, Thomson Locations: U.S, Manhattan, Southern District, Southern District of New York, New York

NEW YORK, June 15 (Reuters) - JPMorgan Chase (JPM.N) urged a federal judge to reject the U.S. Virgin Islands' demand that Chief Executive Jamie Dimon sit for a second deposition for its lawsuit about the bank's long relationship with Jeffrey Epstein. JPMorgan also said messages between Epstein and former bank executive Jes Staley, where Epstein name-dropped people like billionaires Bill Gates and Leon Black and former Israeli Prime Minister Ehud Barak, did not justify more questioning of Dimon about alleged "Epstein referrals" of prospective customers. A spokesman for the U.S. Virgin Islands had no comment on the letter to U.S. District Judge Jed Rakoff in Manhattan. The U.S. Virgin Islands, where Epstein owned two neighboring islands, is suing JPMorgan for allegedly enabling Epstein to set up a sex trafficking operation there. The case is U.S. Virgin Islands v. JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: JPMorgan Chase, Jamie Dimon, Jeffrey Epstein, Dimon, Epstein, Jes Staley, Bill Gates, Leon Black, Ehud Barak, Jed Rakoff, Staley, Jonathan Stempel, Deepa Babington Organizations: YORK, JPMorgan, U.S . Virgin, U.S . Virgin Islands, The U.S ., U.S ., Virgin, JPMorgan Chase Bank NA, U.S, Court, Southern District of, Thomson Locations: U.S, Manhattan, The U.S, The U.S . Virgin Islands, U.S . Virgin, Southern District, Southern District of New York, New York

☆ JPMorgan fails Jeffrey Epstein stress test
▼ + stars: | 2023-06-15 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +8 min

At least, that’s the impression left by Jamie Dimon’s answers to recent questioning in relation to Jeffrey Epstein, the dead sex-trafficker who was a JPMorgan (JPM.N) client for 15 years. Taken altogether, the case is a sign that the bank is simply too big for one person to manage. Epstein was a JPMorgan client from 1998 until 2013. Epstein killed himself in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges. Litigation related to Epstein is still pending between the U.S. Virgin Islands and JPMorgan, as are claims by JPMorgan against its former head of investment banking, Jes Staley.

Persons: Jamie Dimon’s, Jeffrey Epstein, ” Dimon, “, Dimon, Epstein, Stephen Cutler, JPMorgan’s, Jes Staley, Mary Erdoes, Staley, fraudster Bernard Madoff, Cleave, Wells, Morgan Stanley, Jeffrey Epstein’s, John Foley, Streisand Neto Organizations: YORK, Reuters, JPMorgan, U.S, Securities, Exchange Commission, Department of Justice, Federal Reserve, Reuters Graphics, London Whale, Citigroup, U.S ., U.S . Virgin Islands, Thomson Locations: Wall, U.S, U.S . Virgin, Manhattan

NEW YORK, June 12 (Reuters) - JPMorgan Chase (JPM.N) agreed to pay about $290 million to settle a class action lawsuit by Jeffrey Epstein's victims, resolving a large part of litigation over the bank's relationship with the disgraced financier. Monday's settlement came 3-1/2 weeks after Deutsche Bank (DBKGn.DE), where Epstein was a client from 2013 to 2018, agreed to pay $75 million to end a similar lawsuit by Epstein victims. "A settlement with Epstein's victims frees JPMorgan to begin to turn the page and change the narrative." The $290 million settlement amount was confirmed by David Boies, a lawyer for Epstein's victims. Last month, Rakoff said JPMorgan could be liable to Epstein's victims if they could show Staley had firsthand knowledge that Epstein ran a sex-trafficking venture.

Persons: JPMorgan Chase, JPM.N, Jeffrey Epstein's, Epstein, Jane Doe, Carliss Chatman, Chase, Temin, Jed Rakoff, JPMorgan, Adam Zimmerman, David Boies, Sigrid McCawley, Morgan Chase, Mike Segar JPMorgan, Jes Staley, shepherding, Staley, Rakoff, Jamie Dimon, Ghislaine Maxwell, Maxwell, Chatman, Mary Erdoes, Stephen Cutler, Dimon, Cutler, Jeffrey Epstein, Erdoes, Nupur Anand, Lananh Nguyen, Saeed Azhar, Luc Cohen, Jonathan Stempel, Tatiana Bautzer, Megan Davies, Alexander Smith, Grant McCool, Lisa Shumaker Organizations: YORK, JPMorgan, Washington, Lee University School of Law, U.S, Deutsche Bank, University of Southern, Co, New York City, REUTERS, U.S ., Barclays, U.S . Virgin, Thomson Locations: U.S, Manhattan, Virginia, University of Southern California, New York, U.S . Virgin Islands

NEW YORK, June 12 (Reuters) - JPMorgan Chase & Co (JPM.N) agreed in principle to settle a class action lawsuit with a victim of Jeffrey Epstein, the bank said in a statement Monday. Litigation is still pending between the U.S. Virgin Islands and JPMorgan Chase, as are JPMorgan Chase’s claims against former executive Jes Staley, the bank said. "The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein's terrible abuse," JPMorgan said. Epstein was a JPMorgan client from 1998 until he was dismissed in 2013. JPMorgan kept him aboard even after his 2006 arrest on prostitution-related charges and a related guilty plea two years later.

Persons: Jeffrey Epstein, Epstein, JPMorgan Chase, JPMorgan Chase’s, Jes Staley, Lananh Nguyen, Saeed Azhar, Kirsten Donovan, Jason Neely Organizations: YORK, JPMorgan Chase &, U.S ., U.S . Virgin Islands, JPMorgan, Thomson Locations: U.S, U.S . Virgin Islands, Manhattan, York, New York

JPMorgan Chase said Monday it has reached a settlement with one of late sexual predator Jeffrey Epstein's victims, who had been suing the bank in federal court. JPMorgan argues that Staley is responsible for any civil liability a jury might find in the Epstein case. Last month, Deutsche Bank, where Epstein became a client after he was forced out by JPMorgan in 2013, settled with Epstein victims for $75 million. The announcement comes more than a week after JPMorgan CEO Jamie Dimon gave a deposition in the Epstein cases. On Friday, lawyers for the Epstein victim, called Jane Doe 1 in documents, asked the court to reopen Dimon's deposition.

Persons: JPMorgan Chase, Jeffrey Epstein's, Jane Doe, Epstein, Jes Staley, Staley, Jamie Dimon, Mary Erdoes, Mary Casey, Dimon, Bill Gates, Prince Andrew of, Bill Clinton, Donald Trump Organizations: JPMorgan, JPMorgan Chase Bank, N.A, U.S . Virgin, Deutsche Bank, Islands, Barclays, Plaintiff, Microsoft Locations: Virgin, Florida, New York

☆ JPMorgan reaches settlement with Epstein victims
▼ + stars: | 2023-06-12 | by ( Chris Isidore | ) edition.cnn.com time to read: +1 min

New York CNN —JPMorgan Chase has settled a class action suit from Jeffrey Epstein’s sexual abuse victims. The victims had accused the bank of enabling sex trafficking by the deceased financier when he was a client. The bank and the victims’ lawyers said the settlement is in the best interests of all parties, “especially the survivors who were the victims of Epstein’s terrible abuse,” they said in the statement. Terms of the settlement agreement were not disclosed. Victims of Epstein had previously reached a $75 million settlement with Deutsche Bank.

Persons: JPMorgan Chase, Jeffrey Epstein’s, ”, Jes Staley, Epstein Organizations: New, New York CNN, JPMorgan, US, US Virgin Islands, Barclays, Deutsche Bank Locations: New York, US Virgin

In his deposition, Dimon said he had barely heard of Epstein before the financier's arrest. JPMorgan is also being sued over Epstein by the U.S. Virgin Islands, where the financier allegedly also abused victims on a private island he owned. The bank is suing Staley to cover losses it may face in both lawsuits. Staley, who was Barclays' (BARC.L) CEO from 2015 to 2021, is expected to sit for a deposition on Saturday. The case is Jane Doe 1 v JPMorgan Chase & Co, U.S. District Court, Southern District of New York, No.

Persons: Jeffrey Epstein, Jamie Dimon, Jed Rakoff, Dimon's, Epstein's, Epstein, Jes Staley, Mary Erdoes, Mary Casey, Darin Oduyoye, Oduyoye, Dimon, Staley, Jane Doe, Tatiana Bautzer, Jonathan Stempel, Richard Chang Organizations: YORK, JPMorgan Chase, JPMorgan, Plaintiffs, U.S ., Barclays, JPMorgan Chase & Co, Court, Southern District of, Thomson Locations: U.S, Manhattan, U.S . Virgin Islands, Southern District, Southern District of New York, New York

☆ Ex-JPMorgan executive Staley to be questioned under oath about Epstein ties
▼ + stars: | 2023-06-09 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

It has in turn sued Staley, arguing he concealed what he knew about Epstein's trafficking and should cover any damages the bank may face in the cases. Staley left JPMorgan in 2013, a few months after the bank fired Epstein, and served as Barclays' (BARC.L) chief executive from 2015 to 2021. Zachary Margulis-Ohnuma, a lawyer who has represented sex trafficking victims and defendants, said he expected the plaintiffs to "grill" Staley on his knowledge of Epstein's sex trafficking and whether it affected the handling of Epstein's accounts. Staley also said JPMorgan had "unclean hands" given its own mistakes in dealing with Epstein. Epstein killed himself at age 66 in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges.

Persons: Jes Staley, Jeffrey Epstein, Epstein, Jed Rakoff, Staley, Jamie Dimon, Zachary Margulis, Jeff Epstein, Luc Cohen, Nupur Anand, Noeleen Walder, Daniel Wallis Organizations: YORK, JPMorgan Chase, U.S ., JPMorgan, Deutsche Bank, Barclays, Thomson Locations: U.S, U.S . Virgin Islands, Manhattan, Florida, Virgin, New York

☆ Jamie Dimon denies knowledge of JPMorgan concerns over Epstein in lawsuit deposition
▼ + stars: | 2023-06-01 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +6 min

Dimon made the remarks in a deposition for lawsuits against the bank related to its alleged role in Epstein’s sex trafficking crimes. Dimon testified that he had never personally met or spoken over the phone with Epstein. Dimon testified that the bank’s general counsel would have had the final say to cut ties with a client like Epstein. According to Dimon, Staley and Erdoes could not have overridden the general counsel. “What has become clear is that Epstein could not have run his sex trafficking operation without the valuable assistance of JPMorgan, Chase.

Persons: Jamie Dimon, Jeffrey Epstein’s, Dimon, Epstein, James “ Jes ” Staley, wasn’t, JPMorgan Chase, Staley, who’s, ”, Jeffrey Epstein, JPMorgan’s, Steve Cutler, ” Dimon, Cutler, Jes Staley, Mary Erdoes, Erdoes, “ Mr, Brad Edwards, ” Edwards, I’m, “, CNN’s Poppy Harlow Organizations: New, New York CNN, JPMorgan, CNN, Virgin Islands, Chase, Firm Locations: New York, Virgin, Florida

☆ Ex-JPMorgan executive wrote Epstein 'should not be a client' in 2011 email -deposition
▼ + stars: | 2023-05-31 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Dimon said in the deposition he was not aware of the email at the time but "I know it today." Epstein was a JPMorgan client from 2000 to 2013, remaining so after pleading guilty in 2008 to a Florida state prostitution charge. In the deposition, Dimon also repeatedly denied speaking about Epstein with Staley, who was friendly with Epstein. Staley has said he regrets his friendship with Epstein, but denied knowing about Epstein's alleged sex trafficking. Epstein died in 2019 in a Manhattan jail cell while awaiting trial on sex trafficking charges.

Persons: Morgan Chase, Mike Segar, Jeffrey Epstein, Jamie Dimon, Dimon, Epstein, Ghislaine Maxwell, Stephen Cutler, Jes Staley, Mary Erdoes, Cutler, David Boies, Jane Doe, JP Morgan, Staley, Erdoes, Niket, Luc Cohen, Saumyadeb Chakrabarty, Rosalba O'Brien Organizations: Co, New York City, REUTERS, JPMorgan Chase &, Reuters, U.S ., JPMorgan, Virgin, The New York Times, Thomson Locations: New York, U.S, U.S . Virgin Islands, Florida, Manhattan, Bengaluru

☆ Jamie Dimon Says He Never Discussed Jeffrey Epstein’s Accounts at JPMorgan; Jes Staley Says Dimon Did
▼ + stars: | 2023-05-31 | by ( Khadeeja Safdar | David Benoit | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, dimon, jeffrey, staley Organizations: jpmorgan

JP Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US' JP Morgan bank on June 29, 2021 in Paris. JPMorgan Chase CEO Jamie Dimon testified last week that top bank executive Mary Erdoes and the firm's then-head lawyer had the authority to boot sex predator Jeffrey Epstein as a customer well before Erdoes finally took that step in 2013. During his deposition, Dimon was shown an email that JPMorgan's then-general counsel Cutler Cutler sent Erdoes about Epstein on July 21, 2011. In that email, Cutler wrote: "I would like to put it and him behind us. Cutler, in his own deposition last week, "testified under oath that Jes Staley and Mary Erdoes made the decision to retain Epstein as a customer of the bank," a lawyer told Dimon.

Persons: Morgan, Jamie Dimon, JP Morgan, JPMorgan Chase, Mary Erdoes, Jeffrey Epstein, Erdoes, Dimon, Stephen Cutler, Epstein, JPMorgan's, Cutler Cutler, Cutler, Jes Staley, Mr, Staley, JPMorgan Organizations: US, JP, JPMorgan, CNBC, U.S, U.S Virgin Islands, U.S . Locations: Paris, U.S Virgin, Manhattan, U.S, U.S . Virgin Islands, New York

"In the documents, Staley said that Dimon communicated with him when Epstein was arrested in 2006 and in 2008 when Epstein pleaded guilty" to a sex crime in Florida, The Journal reported. "Staley also said that Dimon communicated with him various times about whether to maintain Epstein as a client through 2012," according to The Journal. The Journal also reported that it had seen documents indicating that Dimon and Staley had a meeting scheduled with Epstein on March 2, 2010. JPMorgan told that newspaper that Dimon did not attend that meeting, and that it was not on the CEO's calendar. Dimon was deposed on Friday for two civil lawsuits in U.S. District Court in Manhattan against the bank accusing JPMorgan of enabling and financially benefitting from sex trafficking by Epstein.

Persons: Jamie Dimon, Al Drago, JPMorgan Chase, Jeffrey Epstein —, Jes Staley, Patricia Wexler, –, hasn't, Wexler, Staley, Wexler's, Dimon, Epstein Organizations: JPMorgan Chase &, Banking, Housing, Urban Affairs Committee, Washington , D.C, Bloomberg, Getty, JPMorgan, CNBC, The Locations: Washington ,, Florida, U.S, Manhattan

[1/4] JPMorgan Chase Bank is seen in New York City, U.S., March 21, 2023. REUTERS/Caitlin Ochs/Companies JPMorgan Chase & Co FollowNEW YORK, May 26 (Reuters) - JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said in a deposition on Friday that he had never met or communicated with late sex offender and former bank client Jeffrey Epstein, the bank said. Epstein was a JPMorgan client from 2000 to 2013, remaining so after pleading guilty in 2008 to a Florida state prostitution charge. It has accused Staley, who was friendly with Epstein, of concealing what he knew about Epstein’s crimes. Epstein died in 2019 in a Manhattan jail cell while awaiting trial on sex trafficking charges.

☆ Judge rules Manhattan DA's office must turn over documents related to JP Morgan exec in bank lawsuit over Epstein connections
▼ + stars: | 2023-05-26 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +2 min

New York CNN —A federal judge ruled Friday that the Manhattan District Attorney’s Office must turn over documents related to former JPMorgan Chase (JPM) executive James “Jes” Staley in response to a subpoena from the bank in ongoing federal lawsuits that allege JPMorgan enabled and benefited from longtime banking-client Jeffrey Epstein’s sex trafficking crimes. Staley has denied all wrongdoing alleged in the lawsuits. It is unclear if there is an active investigation into Staley. Judge Jed Rakoff overruled Bragg’s assertion of privilege over certain documents requested in the bank’s subpoena determining that after a full review he found that the privileges and statutes invoked by the Manhattan prosecutor do not apply to the requested documents. The documents will be sealed under a protective order, the ruling said.

☆ JPMorgan, ex-executive spar in court over responsibility for Epstein
▼ + stars: | 2023-05-19 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

JPMorgan wants Staley to cover some or all damages it might face in lawsuits brought by Epstein's accusers and the U.S. Virgin Islands over its ties to Epstein. The lawsuits accuse the bank of aiding in Epstein's sex trafficking by keeping him as a client from 1998 to 2013, the last five years after he pleaded guilty to a Florida prostitution charge. Had Staley "observed his obligations, Epstein would not have been a client," said Leonard Gail, a lawyer for JPMorgan. Staley, who later served as Barclays Plc's (BARC.L) chief executive, has expressed regret for befriending Epstein but denied knowing about his crimes. Epstein died in a Manhattan jail cell in August 2019 while awaiting trial for sex trafficking.

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