- Legal professionals for the United States Virgin Islands have argued that JPMorgan Chase CEO Jamie Dimon, in conjunction with former height financial institution govt Jess Staley, is responsible of facilitating intercourse trafficking by way of Jeffrey Epstein.
- The legal professional’s argument driven again JPMorgan’s transfer to shift any prison blame for its trade dating with the overdue Epstein onto Staley.
- “Jamie Dimon knew in 2008 that his billionaire consumer used to be a intercourse trafficker,” Mimi Liu, a legal professional in the United States Virgin Islands, instructed Big apple US District Pass judgement on Jade Rakoff.
- Epstein, a former buddy of Donald Trump, Invoice Clinton and Prince Andrew, died by way of suicide in a federal jail in 2019 whilst anticipating trial on kid intercourse trafficking fees.
A legal professional for the United States Virgin Islands argued in federal courtroom that JPMorgan Chase CEO Jamie Dimon and ex-top financial institution govt Jess Staley knew about intercourse trafficking by way of the financial institution’s infamous consumer Jeffrey Epstein.
The legal professional’s argument driven again JPMorgan’s transfer previous this month to shift any prison accountability for its trade dating with the overdue Epstein onto Staley.
“Jamie Dimon knew in 2008 that his billionaire consumer used to be a intercourse trafficker,” legal professional Mimi Liu instructed Big apple US District Pass judgement on Jade Rakoff at a listening to overdue Thursday, relating to the yr Epstein used to be first charged with intercourse crimes. used to be imposed.
Jamie Dimon, CEO, JPMorgan Chase, all through Jim Cramer interview, February 23, 2023.
cnbc
“If Staley is a rogue worker, why now not Jamie Dimon?” Liu mentioned on the listening to, which handled JPMorgan’s efforts to disregard the Virgin Islands’ lawsuit towards the financial institution over its ties to Epstein.
The legal professional endured: “Staley knew, Dimon knew, JPMorgan Chase knew” about Epstein’s felony behavior.
Liu mentioned there have been a lot of money transactions and twine transfers by way of Epstein, together with the sending of loads of hundreds of greenbacks to a number of girls, that are supposed to had been formally flagged as suspicious.
“They broke each and every rule to facilitate Epstein’s intercourse trafficking in alternate for cash, connections and referrals,” Liu argued.
“This example used to be now not simply Jess Staley … there will probably be many paperwork that pass in every single place from his place of job to the manager suite,” she mentioned.
An legal professional for JP Morgan disputed the ones arguments, “in particular that Jamie Dimon had any particular wisdom.”
Dimon isn’t a named defendant within the lawsuit towards the financial institution.
Jess Staley, leader govt officer of Barclays Plc, speaks all through a Bloomberg tv interview at the 3rd day of the Global Financial Discussion board (WEF) in Davos, Switzerland, Thursday, Jan. 24, 2019.
Simon Dawson | Bloomberg | Getty Pictures
“It’s beside the point for CNBC to file legal professionals’ baseless arguments as info,” JPMorgan spokeswoman Patricia Wexler mentioned in a commentary.
Wexler additionally mentioned, “Jamie Dimon has no recollection of reviewing the Epstein accounts.”
Staley has denied figuring out about Epstein’s unlawful behavior. He used to be CEO of Barclays from 2015 till the top of 2021, when he stepped down following an investigation by way of British monetary regulators into his hyperlinks with Epstein.
Virgin Islands legal professionals in the past highlighted an August 2008 inner e mail at JPMorgan that instructed Epstein’s account could be closed that yr as a result of considerations over his behavior.
“I’d depend the Epstein asset as a possible outflow for ’08 ($120mm or so?) as a result of I will’t consider it’ll final (pending Dimon evaluate),” an unnamed worker wrote within the e mail, which Discussed within the Virgin Islands. trial.
The e-mail got here two years after JPMorgan’s World Company Safety Department gained a number of newspaper articles “that detailed the indictment of Jeffrey Epstein in Florida on legal fees of underage prostitution,” the lawsuit famous. Is.
US financier Jeffrey Epstein is noticed in a photograph taken for the intercourse perpetrator registry of the New York State Department of Prison Justice Products and services on March 28, 2017 and received by way of Reuters on July 10, 2019.
New York State Department of Prison Justice Products and services | Handout | reuters
The Virgin Islands’ lawsuit towards the financial institution alleges that Epstein’s 15-year buyer dating with the financial institution helped him shipping younger girls, whom he and others sexually assaulted, to his assets within the Virgin Islands. Did.
The lawsuit used to be filed 3 years after Epstein, who used to be a former buddy of former presidents Donald Trump and Invoice Clinton, dedicated suicide whilst anticipating trial on federal kid intercourse trafficking fees in a Big apple jail.
JP Morgan has mentioned that Dimon used to be now not considering choices associated with Epstein’s account on the financial institution.
Final week, the financial institution sued Staley, its former head of funding banking, alleging he used to be legally chargeable for court cases from the Virgin Islands and Epstein’s sufferers associated with Epstein’s dating with JP Morgan. The lawsuit seeks to get well greater than $80 million in reimbursement awarded to Staley.
At arguments on Thursday, an legal professional for the financial institution mentioned, “All roads result in Mr. Staley.”
The legal professional mentioned, “He’s going to be on the heart of the case if it is one or two circumstances.”
Epstein used to be a non-public wealth consumer of the financial institution till 2013, no less than in part as a result of Staley vouched for him.
However in 2008, Epstein pleaded responsible to a Florida state price of shopping an underage prostitute, a criminal offense that used to be broadly reported on the time. He later spent 13 months in prison.
“In 2013 – the yr JP Morgan ended its dating with Epstein – JP Morgan flagged in Epstein’s historical past that ‘(p)er financial institution coverage, criminals (like Epstein) are regarded as prime possibility and Further approval is needed,” the Virgin Islands go well with feedback.
Rakoff, the pass judgement on, didn’t rule on Thursday’s movement to disregard the lawsuit. He mentioned he would rule on that query by way of the top of March.
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