JPMorgan CEO Jamie Dimon to be deposed in Epstein lawsuit

JPMorgan Chase’s CEO, Jamie Dimon, will be required to provide testimony in regards to lawsuits centered around convicted sex offender, Jeffrey Epstein. The sworn deposition will take place in May and be closed to media scrutiny as per the Judge’s orders. The lawsuits which were allowed to proceed are based on claims filed by an Epstein accuser and the government of the US Virgin Islands, alleging that JPMorgan allowed Epstein to have an account despite being alerted to internal warning signs.

The lawsuits contend that JPMorgan benefited from the alleged human trafficking operated by Epstein. Although the banking giant’s legal team had tried to prevent the deposition, Presiding Judge Jed Rakoff denied some of JPMorgan’s requests and allowed the trials to move forward. JPMorgan denies any wrongdoing in the case in its defense.

Moreover, the bank is countersuing Jes Staley, one of its former executives, due to his alleged involvement with Epstein. Staley, formerly the CEO of Barclays, resigned from his role after he came under scrutiny by the UK regulators about his relationship with Epstein. JPMorgan claims that Staley did not report Epstein’s crimes despite having a fiduciary duty, and was, therefore, complicit in Epstein’s wrongdoings.

In connection with the legal proceedings, it was revealed that Staley and Epstein exchanged hundreds of emails, even after Epstein was serving home confinement for soliciting a minor for prostitution. The lawsuit alleges that Staley was supposedly relaxing at Epstein’s private island known as “Little St. James” while Epstein was confined to his house in Florida. The Financial Times has reported on these details.