In a recent development, former top executive of JPMorgan, James ‘Jes’ Staley, has accused CEO Jamie Dimon of lying about his knowledge and involvement in bank accounts held by convicted pedophile Jeffrey Epstein.
Staley claims that Dimon was aware of discussions surrounding whether the bank should continue its relationship with Epstein, even after his conviction.
These allegations, revealed in legal documents obtained by The Wall Street Journal, raise doubts about Dimon’s defense of the bank in an ongoing lawsuit that accuses JPMorgan of not taking sufficient action to close Epstein’s accounts and prevent his heinous crimes.
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A spokesperson for JPMorgan has denied the allegations and portrayed Staley as a disgruntled former employee attempting to deflect blame and downplay his own involvement in sexual misconduct.
Staley, who later served as the CEO of Barclays from 2015 to 2021, was forced to leave JPMorgan due to his connections with Epstein. While he acknowledges having a friendship with Epstein, Staley denies having any knowledge of Epstein’s trafficking activities.
The latest allegations involving Dimon are part of a lawsuit brought against JPMorgan by the US Virgin Islands and an unidentified woman who claims to have been abused by Epstein.
Dimon recently provided a deposition where he refuted Staley’s accusations, reiterating his previous statements that he never met Epstein, never communicated with him via email, and was not involved in any decisions regarding his accounts.
Staley’s specific claim against Dimon is that they communicated multiple times after Epstein’s initial arrest in 2006 to discuss whether the bank should retain Epstein as a client, even after he was registered as a sex offender and served time in a Florida jail.
An email presented as evidence in the ongoing lawsuit indicates that Dimon was scheduled to review the situation concerning Epstein.
Furthermore, JPMorgan has filed a separate lawsuit against Staley, accusing him of misleading bank executives regarding the nature of his relationship with Epstein.
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