JPMorgan must hand over CEO Dimon’s records in Jeffrey Epstein lawsuit

Jonathan Stempel

NEW YORK (Reuters). A U.S. judge ordered JPMorgan Chase & Co. to turn over additional documents regarding Chief Executive Jamie Dimon, to the U.S. Virgin Islands in response to the lawsuit that the territory is bringing against the bank for aiding Jeffrey Epstein’s sex traficking.

U.S. District Judge Jed Rakoff of Manhattan stated that the bank must provide requested documents for 2015 to 2019, which is after JPMorgan dropped Epstein from its client list. Rakoff didn’t explain his reasoning in the one-sentence ruling.

JPMorgan declined comment.

JPMorgan is being sued in damages by the U.S. Virgin Islands. They are accused of aiding Epstein’s sex traficking and keeping him as a customer, while ignoring red flags regarding his misconduct on Little St. James which he owned.

Epstein had been a JPMorgan customer from 2000 to 2013. While awaiting trial on charges of sextrafficking, he committed suicide in a Manhattan jail cell.

Dimon is home to the U.S Virgin Islands. “a likely source of relevant and unique information” Epstein’s reasons for JPMorgan keeping him on and Epstein’s referrals of wealthy potential clients.

JPMorgan countered with accusations that the U.S Virgin Islands were going on a bribery spree “fishing expedition” After obtaining a “massive trove” of information in litigation in the territory’s recovery of more than $105 million from Epstein.

The U.S. Virgin Islands lawyers did not respond immediately to inquiries for comment.

Rakoff had planned a March 16 conference on the case.

JPMorgan faces a proposed class-action lawsuit by Jane Doe 1 for its ties to Epstein. Jane Doe 1 was a former ballet dancer and claimed Epstein exploited and trafficked her between 2006 to 2013.

Two lawsuits were filed Wednesday by the bank against Jes Staley (ex-chief of private banking) “intentional and outrageous conduct” He hid information about Epstein from his friends.

JPMorgan demands that Staley be reimbursed for any damages it may have suffered in other lawsuits and receive eight years of compensation.

Its lawsuits portray Staley’s character as a criminal. “bad apple” Alison Taylor, a professor of corporate governance at New York University’s Stern School of Business, stated that Epstein was solely responsible for the bank’s relationship.

This case is Government of the U.S. Virgin Islands against JPMorgan Chase Bank NA. U.S. District Court Southern District of New York, No. 22-10904.

(Reporting by Jonathan Stempel from New York; additional reporting done by Lananh Nguyen, Tatiana Bautzer and Leslie Adler; editing by Daniel Wallis and Daniel Wallis).