© Reuters. FILE PHOTO: Jamie Dimon, Chairman of the Board and Chief Government Officer of JPMorgan Chase & Co., gestures as he speaks throughout an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File Picture
By Jonathan Stempel
NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:) ought to disclose extra about Chief Government Jamie Dimon’s position in enterprise choices associated to Jeffrey Epstein, the U.S. Virgin Islands stated in its lawsuit accusing the financial institution of aiding within the financier’s intercourse trafficking.
In a Thursday submitting in Manhattan federal court docket, the U.S. Virgin Islands stated JPMorgan’s wrongful conduct continued a minimum of till August 2019, when Epstein killed himself.
But it surely stated JPMorgan has agreed to supply related paperwork for Dimon solely via 2014, and may present paperwork for the subsequent 5 years.
The U.S. Virgin Islands referred to as Dimon “a probable supply of related and distinctive data” about choices to retain Epstein as a consumer, and discussions on Epstein’s referrals of outstanding and rich potential purchasers.
In response to the submitting, the enterprise referral relationship continued after Epstein stopped being a consumer.
JPMorgan is searching for the lawsuit’s dismissal. It didn’t instantly reply to requests for remark after enterprise hours on the most recent submitting. Dimon has not been accused of wrongdoing.
The U.S. Virgin Islands is suing JPMorgan for unspecified damages, saying the financial institution ought to have recognized about its “high-risk” former consumer’s misconduct on a personal island he owned there.
It has additionally criticized former JPMorgan personal banking chief Jes Staley for staying on good phrases with Epstein and exchanging emails that mentioned younger ladies and contained sexual content material.
Epstein was a JPMorgan consumer from 2000 to 2013, sustaining his relationship even after pleading responsible in 2008 to a Florida state prostitution cost.
He died in August 2019 at age 66 in a Manhattan jail cell whereas awaiting trial on intercourse trafficking costs.
A separate criticism filed final month by Epstein victims towards JPMorgan, which the financial institution additionally needs dismissed, stated Dimon and different executives determined to “monitor the general public information” about Epstein’s misconduct, but didn’t sever ties with Epstein.
Dimon and Staley, who later served as Barclays (LON:) Plc’s chief govt, will not be defendants in both lawsuit.
Staley has acknowledged having a friendship with Epstein however denied understanding about his alleged crimes.
The case is Authorities of the U.S. Virgin Islands v JPMorgan Chase Financial institution NA, U.S. District Court docket, Southern District of New York, No. 22-10904.
