JPMorgan’s Jamie Dimon documents sought in lawsuit against Jeffrey Epstein
The US Virgin Islands are demanding more documents from JPMorgan Chase CEO Jamie Dimon in a legal battle over the bank’s alleged decision to keep late sex offender Jeffrey Epstein and his employees as customers despite numerous warning signs.
In a filing Thursday in a New York court, the area where Epstein had a home asked a judge to compel JPMorgan to “provide discovery responses that cover the entire temporal scope of the.” [US Virgin Islands’] Claims to 2019 and Documents for Custodian James Dimon”.
The territory, which first filed lawsuits against JPMorgan in December, has accused the bank of “knowingly, recklessly and unlawfully” providing the funds used to pay Epstein’s recruiters and victims and shutting down its sex trafficking programs until at least August 2019 make possible.
“Dimon was personally involved in decisions to keep Epstein’s accounts in light of recognized high-risk activities. . . and in meetings and reviews related to Epstein’s endorsements to celebrity and wealthy prospects,” the filing said.
It added that despite the CEO’s “connections on this highly relevant issue, JPMorgan agrees to provide him with documents only up to the year 2014.” The bank eventually dropped Epstein as a client in 2013, but US Virgin Islands attorneys argued that the date should not mark “the outer temporal boundary of the discovery.”
Central to the US Virgin Islands’ argument is a consent order issued in early 2013 by the Office of the Comptroller of the Currency, a banking regulator, against JPMorgan that exposed compliance deficiencies at the bank.
The U.S. Virgin Islands argue that they “have the right to find out what JPMorgan did and learned about Epstein and the compliance program in place between 2013 and 2019.”
It adds that the Territory is “also entitled to learn what JPMorgan realized in 2019 regarding Epstein’s conduct that it would not have realized in the last decade since his last indictment (and pleading guilty) to a child’s conduct.” Sex trafficking and since JPMorgan – internally – described Epstein’s purchase of a 14-year-old sex slave and his providing a line of credit to a modeling agency engaged in seducing underage children into sex play for money.”
Last week, a partially unredacted US Virgin Islands complaint also claimed that Dimon was privy to a review of Epstein’s account after he was arrested in Florida in 2006 on charges of prostitution.
An internal email cited in the complaint said: “I would classify Epstein’s fortune as a likely outflow for 2008 (about $120 million?) as I can’t see it staying (pending Dimon’s review). “
Earlier Thursday, JPMorgan said: “We have not found any evidence of this and we do not do so [Dimon] Do you remember such a review. The bank did not immediately respond to a request for further comment on the US Virgin Islands’ new claim. It has previously called the lawsuit “unfounded.”
In an interview on CNBC on Tuesday, Dimon was asked about the Epstein case but said he could not discuss any specific litigation.
https://www.ft.com/content/5c2fa070-7c8b-4d48-a6a7-b0fed052f80d JPMorgan’s Jamie Dimon documents sought in lawsuit against Jeffrey Epstein