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☆ 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

☆ Lawyers for Epstein victim suing JP Morgan ask to recall Jamie Dimon and others for depositions
▼ + stars: | 2023-06-09 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +2 min

The plaintiff’s filing accuses JPMorgan of intentionally slow-walking its document production to avoid questioning on certain topics during depositions that occurred over the last few months. The plaintiff attorneys want to ask Dimon about an extensive JPMC internal review related to Epstein conducted in the fall of 2019. The financial institution produced “key documents” related to that review days after Dimon’s deposition, according to the motion. “These documents demonstrate that JPMC was fully capable of learning the full extent of Epstein and Staley’s personal relationship,” the filing says. “We do not believe there is any basis to reopen any of these depositions,” a spokesperson for JPMC told CNN on Friday afternoon.

Persons: JPMorgan Chase, Jeffrey, Epstein, Jamie Dimon, Dimon, JPMC, “ JPMC, ” Dimon, Jeffrey Epstein, “, ” Organizations: New, New York CNN, JPMorgan, CNN Locations: 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

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/jamie-dimon-says-he-never-discussed-jeffrey-epsteins-accounts-at-jpmorgan-jes-staley-says-dimon-did-b11f0da5

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

"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

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

☆ JPMorgan Tries to Deflect Blame for Long Relationship With Jeffrey Epstein
▼ + stars: | 2023-05-31 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Staley was Mr. Epstein’s advocate in the bank and was the senior relationship manager for Mr. Epstein,” Ms. Erdoes said. The lawsuits contend that JPMorgan chose to keep Mr. Epstein as a client after he became a registered sex offender because he was bringing business to the bank. A blame game is also going on at JPMorgan, with some suggesting that Mr. Staley should have known about Mr. Epstein’s sex trafficking at the time, and that he had the duty to let others know. The bank has named Mr. Staley as a third-party defendant in the lawsuits in a bid to hold him liable for any damages JPMorgan may have to pay. Mr. Staley, who is scheduled to be deposed as soon as next week, has argued in court papers that he did nothing wrong or inappropriate.

Persons: Mr, Staley, Epstein’s, Epstein, ” Ms, Erdoes, ” Organizations: JPMorgan, U.S . Virgin Locations: U.S, New York , Florida, Virgin

[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.

NEW YORK, May 18 (Reuters) - JPMorgan Chase & Co (JPM.N) is seeking documents from Manhattan District Attorney Alvin Bragg as part of a lawsuit against the bank by women who say they were abused by the late financier Jeffrey Epstein, court records showed on Thursday. Bragg took part in a May 16 telephone conference in the case alongside lawyers for the victims, the bank, former JPMorgan private banking chief Jes Staley and the U.S. Virgin Islands, where Epstein had a home, the Manhattan federal court records showed. U.S. District Judge Jed Rakoff instructed Bragg to provide JPMorgan with a privilege log - or a description of documents the bank was seeking that he is withholding - by Friday. A spokesperson for Bragg did not immediately respond to a request for comment. Reporting by Luc Cohen in New York Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Deutsche Bank to pay $75 mln to settle lawsuit by Epstein accusers
▼ + stars: | 2023-05-18 | by ( ) edition.cnn.com time to read: +3 min

Deutsche Bank AG has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein, and accused the German bank of facilitating his sex trafficking. Epstein had been a Deutsche Bank client from 2013 to 2018. The Deutsche Bank case was led by an unidentified plaintiff, known as Jane Doe 1, who said Epstein sexually abused her from 2003 to 2018. Last September, Deutsche Bank agreed to pay $26.25 million to settle a US shareholder lawsuit accusing the bank of lax oversight while doing business with risky, ultra-rich clients like Epstein. The case is Jane Doe 1 v Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No.

☆ Deposition of JPMorgan CEO Dimon in Jeffrey Epstein lawsuit set for late May, sources say
▼ + stars: | 2023-05-03 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

JPMorgan Chase CEO Jamie Dimon will be deposed in late May over two days for civil lawsuits accusing the giant bank of benefitting from sex trafficking by the late money manager Jeffrey Epstein, a source told CNBC's Eamon Javers on Wednesday. The government of the U.S. Virgin Islands and one of Epstein's accusers are suing JPMorgan in U.S. District Court in Manhattan. The bank has said Dimon did not have knowledge about Epstein that was relevant to the lawsuit. JPMorgan argues that Staley, not the bank, is legally responsible for any civil liability related to its dealings with Epstein. Epstein killed himself in a Manhattan jail cell in 2019, a month after being arrested on federal child sex trafficking charges.

By attributing that knowledge to JPMorgan, Epstein's accusers might show that JPMorgan "actually knew" about the venture or "recklessly disregarded" its existence, Rakoff said. JPMorgan is separately suing Staley to cover its losses in the two lawsuits it faces, and forfeit eight years of pay. 22-10018; Jane Doe 1 v JPMorgan Chase & Co, No. 22-10019; Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, No. 22-10904; and JPMorgan Chase Bank NA v Staley, in Nos.

☆ Allegations against former Barclays CEO Staley 'very serious' - CEO
▼ + stars: | 2023-04-27 | by ( Lawrence White | ) www.reuters.com time to read: +1 min

LONDON, April 27 (Reuters) - Allegations made against British bank Barclays' former CEO Jes Staley regarding his ties with sex offender Jeffrey Epstein are "very serious", the lender's current CEO C.S. Venkat said the allegations were being adjudicated in New York, which he said was the "right and proper place". Both seek money damages and neither lawsuit names Staley as a defendant. In U.S. filings this week, Staley accused JPMorgan of using him as a "public relations shield" and said the allegations lacked legal or factual basis. A former investor in the bank last week said the lender should have made more checks over the matter.

☆ JPMorgan bankers met with Epstein after his accounts were closed - WSJ
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +3 min

Bank employees also met with Epstein after his accounts were closed to discuss other clients and introductions he could make to potential clients, the newspaper said, citing people familiar with the meetings. The interaction with Epstein was typical for a client of the private bank, a JPMorgan spokesman said after the article was published. JPMorgan is being sued in Manhattan federal court by women who said Epstein sexually abused them, and by the government of the U.S. Virgin Islands, where Epstein owned a private island. JPMorgan did business with Epstein as early as 1998, and managed about 55 Epstein-related accounts worth hundreds of millions of dollars. Epstein was a client for about five years after he pleaded guilty in 2008 to a Florida state prostitution charge.

☆ Barclays Names HSBC Executive as Compliance Chief
▼ + stars: | 2023-04-21 | by ( Mengqi Sun | ) www.wsj.com time to read: 1 min

Barclays is navigating regulatory probes and a downturn in deals. Photo: Jason Alden/Bloomberg NewsBarclays PLC has hired a new chief compliance officer from rival HSBC Holdings PLC, as the bank navigates a deal-making downturn and continuing regulatory investigations into former Chief Executive Jes Staley ’s ties with convicted sex offender Jeffrey Epstein . London-based Barclays said Thursday that it has named Kirsty Everett as its new compliance chief, ending a few months of search. Ms. Everett is joining from HSBC, where she was group head of compliance after previously holding other senior compliance roles. She will start July 1, subject to regulatory approval, Barclays said.

☆ Former investor questions Barclays vetting of ex-CEO over Epstein
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 21 (Reuters) - Former Barclays (BARC.L) investor Edward Bramson on Friday questioned how the British bank and its chairman Nigel Higgins vetted its ex-CEO Jes Staley over his earlier business ties to sex trafficker Jeffrey Epstein. Staley has acknowledged having been friendly with Epstein, expressed regret for their relationship and denied knowing about his crimes. Staley, who joined Barclays 2015 and left in November 2021, is contesting the findings of an investigation by UK regulators into how he characterised his relationship with Epstein. Staley, who joined Barclays after more than 30 years at JP Morgan, has been named in two civil lawsuits against the U.S. bank for enabling and concealing Epstein's network. JP Morgan, in turn, has sued Staley over "outrageous" alleged conduct and breaching his duty of loyalty to the bank.

☆ Ralph Yarl shooting: Recovery of Black teen allegedly shot by White homeowner after ringing wrong doorbell is a miracle, attorney says
▼ + stars: | 2023-04-19 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +8 min

Saturday, he was released from the hospital,” Yarl family attorney Lee Merritt told CNN Tuesday night, calling Ralph’s recovery a miracle. The boy had gone to neighbors looking for help after he was shot, according to police. “I share the outrage and the concern of many in asking why,” Mayor Lucas told CNN Tuesday morning. While the teenager was still on the ground, the man then fired again, shooting him in the arm, Ralph told police. Merritt told CNN he doesn’t believe such a defense would apply, saying Ralph was never a threat.

☆ JPMorgan Chase CEO Jamie Dimon depositions set in Jeffrey Epstein sex trafficking lawsuits
▼ + stars: | 2023-04-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. JPMorgan Chase CEO Jamie Dimon can be questioned under oath for up to seven hours over two days in depositions for federal lawsuits accusing his bank of complicity in sex trafficking by its late client Jeffrey Epstein, a judge said Tuesday. The JPMorgan CEO can be deposed separately for up to two hours by lawyers for Jes Staley, former chief of investment banking at JPMorgan, Rakoff said, according to a court docket entry. The judge said he might permit the depositions to go beyond the time he has initially set aside. JPMorgan has argued that Staley, and not the bank, is legally responsible for the suits related to Epstein.

☆ What Was Twitter, Anyway?
▼ + stars: | 2023-04-18 | by ( Willy Staley | ) www.nytimes.com time to read: +5 min

Dorsey had nurtured the basic idea of Twitter for years — a site that would be like AOL Instant Messenger’s “away message” for anywhere, or “a more ‘live’ LiveJournal,” as he put it in a post on Flickr. But Williams, who created Blogger and sold it to Google for millions, came to see something else in Twitter: To him, its potential lay in its ability to create a running record of what was going on in the outside world. Dorsey was insistent that it was the latter: “You’re talking about your status as you look at the fire.”To Dorsey, the fact that Twitter creates a record of the world would be an incidental byproduct of all this status-sharing. He posted it to Twitter with a brief caption. Dorsey and Williams were correct to identify this as a conflict, even if they could not design or engineer it away.

☆ Shooting of Teen Who Rang Doorbell at Wrong House Unsettles Kansas City
▼ + stars: | 2023-04-18 | by ( Mitch Smith | Julie Bosman | ) www.nytimes.com time to read: +1 min

KANSAS CITY, Mo. — On Tuesday morning, hundreds of Staley High School students filled the street outside their school in a display of anger and support for their fellow student, Ralph Yarl, who was shot by a homeowner after he rang a doorbell at the wrong house in Kansas City last week. But many residents of Kansas City remained deeply troubled by the events that had shaken their city for the last several days. Some asked why Mr. Lester was released from police custody last week rather than being charged immediately. A few wondered if a jury would sympathize with Mr. Lester, who told the police that he was “scared to death” of being physically harmed before shooting Ralph.

☆ Shareholder group ISS backs Barclays board over former CEO Staley
▼ + stars: | 2023-04-17 | by ( Sinead Cruise | ) www.reuters.com time to read: +3 min

LONDON, April 17 (Reuters) - Institutional Shareholder Services (ISS) has recommended Barclays investors re-elect all board members at next month's annual meeting, sapping the momentum of protests against bosses for supporting former CEO Jes Staley who is being investigated over his links with sex trafficker Jeffrey Epstein. Investors should instead await the outcome of various investigations into the matter, ISS said. Staley has acknowledged having been friendly with Epstein, but expressed regret for their relationship and has denied knowing about the financier's criminal activities. JPMorgan, in turn, has sued Staley over "outrageous" alleged conduct and breaching his duty of loyalty to the bank. Barclays docked bonuses earned by Morzaria and its current top executives by a combined 1 million pounds ($1.24 million) in February over the blunder.

☆ Proxy advisor ISS urges investors to back Barclays board
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +2 min

Staley has acknowledged having been friendly with Epstein, but expressed regret for their relationship and has denied knowing about the financier's criminal activities. The notice also said Staley's unvested long-term bonuses remained suspended pending further developments, adding that the board would "consider further action as appropriate". JPMorgan, in turn, has sued Staley over "outrageous" alleged conduct and breaching his duty of loyalty to the bank. Staley's lawyers have dismissed allegations that he hid what he knew about the late disgraced financier as "slanderous" and "false". Reporting By Sinead Cruise, editing by Lawrence WhiteOur Standards: The Thomson Reuters Trust Principles.

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