A federal judge on Tuesday ordered JP Morgan CEO Jamie Dimon to reserve two days for depositions about what he knew about the bank’s relationship with former client and infamous sex offender Jeffrey Epstein.
JP Morgan faces lawsuits by women who claim Epstein sexually abused them and by the U.S. Virgin Islands.
The U.S. Virgin Islands alleges the bank enabled Epstein’s sex trafficking ring to retain him as a client.
🚨 #BREAKING: A federal judge has ordered JPMorgan Chase CEO Jamie Dimon to give 2 days of sworn testimony over his bank’s ties to Jeffrey Epstein
The US Virgin Islands is seeking damages from JPMorgan for allegedly aiding in Epstein’s sex-trafficking by keeping him as a client
— Nick Sortor (@nicksortor) April 18, 2023
JPMorgan CEO Jamie Dimon will face a 2-day deposition about his bank’s relationship with Jeffrey Epstein https://t.co/tlSxF65EY1
— Bloomberg (@business) April 18, 2023
The New York Post reported:
JPMorgan is separately suing former private banking chief Jes Staley, claiming he concealed what he knew about Epstein and should cover losses it may incur in the two lawsuits.
US District Judge Jed Rakoff in Manhattan said Dimon can be questioned by the plaintiffs’ lawyers for five hours, and by Staley’s lawyer for two hours.
Rakoff may allow more time if anyone requests it. JPMorgan had offered to make Dimon available for three hours. An Oct. 23 trial is scheduled.
“The plaintiffs’ counsel know our CEO has no relevant knowledge, but persist with this media stunt,” JPMorgan said in a statement. “A review of more than two decades of emails and other documents makes it clear that he had no involvement with Epstein or his accounts. He does not recall ever meeting, speaking or communicating with him.”
Reuters noted:
Epstein was a JPMorgan client from 2000 to 2013, remaining so after pleading guilty in 2008 to a Florida state prostitution charge.
In court papers, JPMorgan has been accused of knowing by 2006 that Epstein paid cash to have underage girls and young women brought to his home, and ignoring several internal warnings to cut ties with him.
Dimon joined JPMorgan in 2004 and became CEO in December 2005. He has not been accused of wrongdoing.
Lawyers for the plaintiffs and Staley did not immediately respond to requests for comment.
Staley, who was Barclays Plc’s CEO from 2015 to 2021, has expressed regret for being friendly with Epstein.
Journalist and researcher Whitney Webb made interesting comments about the potential connection between JP Morgan CEO Jamie Dimon and Jeffrey Epstein.
Webb says that the same powerful players who brought Jeffrey Epstein to prominence were primarily responsible for the rise of Jamie Dimon.
She says it’s hard to believe Dimon didn’t know what was going on.
Watch Webb’s comments on The Jimmy Dore Show:
Whitney Webb explains how the same powerful players who brought Jeffrey Epstein to prominence were primarily responsible for the rise of JPMorgan CEO Jamie Dimon:
"Two groups are responsible for Jamie Dimon being in charge of JP Morgan. They're both connected to organized… pic.twitter.com/6z8CiMwNhG
— KanekoaTheGreat (@KanekoaTheGreat) April 17, 2023
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