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☆ JPMorgan executives knew of Epstein sex abuse claims, court filing alleges
▼ + stars: | 2023-04-13 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +4 min

New York CNN —A new court filing alleges JPMorgan Chase executives were aware of sex abuse and trafficking allegations against its then-client Jeffrey Epstein, several years before the financial institution cut ties. The new complaint against JP Morgan, filed Wednesday, comes days after its CEO Jamie Dimon sat down with CNN’s Poppy Harlow in an exclusive interview. A JP Morgan spokesperson declined to comment to CNN about the newly filed complaint, which was part of the lawsuit filed in December. Attorneys for JP Morgan have denied the allegations. High level bank officials also met about Epstein’s account and the allegations against him as far back as 2008, according to the court filing.

CNN —Former President Donald Trump is suing Michael Cohen for $500 million in damages for allegedly breaching his contract as Trump’s former personal attorney. According to the lawsuit, Cohen revealed confidential information in talking about his prior-attorney-client relationship with Trump during media interviews about the Manhattan District Attorney’s grand jury investigation that led to the former president’s indictment. Cohen also violated an employee confidentiality agreement he signed with The Trump Organization when he published his two books that discuss Trump, the lawsuit claims. Cohen never asked for permission from Trump to disclose any confidential information that should’ve been protected by that agreement and his attorney-client obligations before publishing the books, according to the lawsuit. The complaint also alleges that, like his books, Cohen has put out “inflammatory, misleading, or outright false” information in his podcast “Mea Culpa.”This story has been updated with additional developments.

☆ Judge concerned Sam Bankman-Fried is too ‘technologically savvy,’ could find a way around tech restrictions
▼ + stars: | 2023-03-10 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +2 min

CNN —United States District Judge Lewis Kaplan indicated at a hearing Friday he might modify FTX founder Sam Bankman-Fried’s bail conditions, but only after attorneys further tighten the restrictions on Bankman-Fried’s access to technology. Kaplan said he’s still not convinced that the founder of bankrupt crypto trading platform FTX wouldn’t be able to circumvent the more-restrictive bail conditions that were filed last week. “If he’s determined and inventive and I suspect he’s very inventive and technologically savvy he could find a way around it and conceivably not get caught,” Kaplan said in court Friday. Bankman-Fried, who did not attend Friday’s hearing, is currently under house arrest at his parents’ home in Palo Alto, Calif. Judge Kaplan asked the defense to submit an updated bail modification order that would tighten the restrictions to address his concerns.

☆ Business partners turn on Sam Bankman-Fried
▼ + stars: | 2022-12-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Last week, as FTX founder Sam Bankman-Fried was being extradited to the United States from the Bahamas, two of his former business partners pleaded guilty to multiple charges of fraud and conspiracy. “I am truly sorry for what I did,” Ellison told the court. She and Bankman-Fried were close business associates who briefly dated. Bankman-Fried, 30, appeared Thursday in a US courtroom in New York, where a federal judge released him on a $250 million bond. Following his court appearance, Bankman-Fried was spotted in a business class lounge at New York’s John F. Kennedy International Airport.

CNN —A Manhattan criminal court judge held entities of the Trump Organization in criminal contempt for not complying with multiple grand jury subpoenas dating as far back as October 2020 and three court orders mandating they produce the requested evidence ahead of their recent tax fraud trial. Judge Juan Merchan’s order requiring that the Trump Org. Merchan ruled at the end of the Trump Org. The Trump companies did produce thousands of pages of documents in the discovery process, the order said, but still failed to fulfill key requests from prosecutors despite the court orders. Lawyers for the Trump companies claimed they were noncompliant in 2021 because the subpoenas were vague and the time frame to respond was “unreasonably short given the scope and breadth of the demands,” according to the court order.

New York CNN —FTX founder Sam Bankman-Fried was indicted on eight criminal charges including wire fraud and conspiracy by misusing customer funds, according to an indictment from the US Attorney of the Southern District of New York. Separately Tuesday, US markets regulators charged Bankman-Fried with defrauding investors and customers in his failed crypto exchange FTX. The Securities and Exchange Commission said Bankman-Fried, “orchestrated a years-long fraud” to conceal from FTX investors the diversion of customer funds to Alameda Research, his crypto-trading hedge fund. Star athletes and celebrities who backed FTX also reportedly received a stake in the company, including Tom Brady and Gisele. That meant there was no meaningful distinction between FTX customer funds and Alameda’s funds that Bankman-Fried used as his “personal piggy bank,” the complaint says.

☆ Kevin Spacey civil trial: Closing arguments underway
▼ + stars: | 2022-10-20 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +2 min

CNN —Closing arguments are underway in the civil sexual misconduct trial against Kevin Spacey, stemming from allegations made by actor Anthony Rapp. Attorney Richard Steigman began by presenting a closing argument for Rapp in the New York courtroom on Thursday morning. Spacey, who finished testifying earlier this week, told the jury Rapp’s allegations were not true. “I was being encouraged to apologize and I’ve learned a lesson which is never apologize for something you didn’t do,” Spacey testified on Monday. Before ending his time on the stand last week, Rapp’s attorney Peter Saghir asked the actor if he had been lying about his allegations against Spacey.

CNN —Actor Kevin Spacey will testify in the sexual misconduct trial against him, his attorney said in court Monday. Earlier Monday, attorneys for actor Anthony Rapp finished presenting their case against Spacey. He is suing Spacey for assault, battery and intentional infliction of emotional distress. Spacey’s attorneys have attempted to poke holes in Rapp’s claims by pointing to discrepancies, including dates Rapp alleged to have run into Spacey at industry events. Before ending his time on the stand, Rapp’s attorney Peter Saghir asked the actor if he had been lying about his allegations against Spacey.

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