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NEW YORK – JPMorgan Chase & Co. ought to disclose extra about Chief Govt Jamie Dimon’s position in enterprise selections associated to Jeffrey Epstein, the US Virgin Islands mentioned 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 US Virgin Islands mentioned JPMorgan‘s wrongful conduct continued at the very least till August 2019, when Mr. Epstein killed himself.
However it mentioned JPMorgan has agreed to offer related paperwork for Mr. Dimon solely by 2014, and ought to present paperwork for the subsequent 5 years.
The US Virgin Islands known as Mr. Dimon “a probable supply of related and distinctive info” about selections to retain Mr. Epstein as a shopper, and discussions on Mr. Epstein‘s referrals of outstanding and rich potential purchasers.
In accordance with the submitting, the enterprise referral relationship continued after Mr. Epstein stopped being a shopper.
JPMorgan is searching for the lawsuit’s dismissal. It didn’t instantly reply to requests for remark after enterprise hours on the newest submitting. Mr. Dimon has not been accused of wrongdoing.
The US Virgin Islands is suing JPMorgan for unspecified damages, saying the financial institution ought to have recognized about its “high-risk” former shopper’s misconduct on a non-public 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 discussed younger ladies and contained sexual content material.
Mr. Epstein was a JPMorgan shopper 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 fees.
A separate grievance filed final month by Mr. Epstein victims in opposition to JPMorgan, which the financial institution additionally desires dismissed, mentioned Mr. Dimon and different executives determined to “monitor the general public information” about Mr. Epstein‘s misconduct, but didn’t sever ties with Mr. Epstein.
Mr. Dimon and Mr. Staley, who later served as Barclays Plc’s chief govt, are usually not defendants in both lawsuit.
Mr. Staley has acknowledged having a friendship with Mr. Epstein however denied figuring out about his alleged crimes.
The case is Authorities of the US Virgin Islands v JPMorgan Chase Financial institution NA, US District Courtroom, Southern District of New York, No. 22-10904. – Reuters
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