Former JPMorgan Chase executive Jes Staley has thrown CEO Jamie Dimon under the bus over the bank’s relationship with Jeffrey Epstein – claiming in legal documents that he and Dimon communicated about the convicted sex offender.
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According to the filing, Staley says that he and Dimon communicated when Epstein was arrested in 2006 and 2008 when Epstein pleaded guilty to soliciting and procuring a minor for prostitution, and served 13 months in a work-release program. Staley also claims that Dimon communicated with him several times through 2012 about whether to maintain Epstein as a client.
“There is no evidence that any such communications ever occurred—nothing in the voluminous number of documents reviewed and nothing in the nearly dozen depositions taken, including that of our own CEO,” said a spokeswoman for JPMorgan, adding that Dimon doesn’t believe such conversations with Staley ever happened. “The one person who claims this to be true is currently accused of horrific acts and dishonesty.”
The statements arose as part of a pair of lawsuits against the bank in a federal court in Manhattan. The government of the U.S. Virgin Islands and an unnamed woman, who said she was abused by Epstein, sued JPMorgan last year, claiming that the bank facilitated Epstein’s alleged sex trafficking.
The bank has sought to pin the bulk of the relationship on Staley and sued him claiming he misled executives about Epstein. The bank in its lawsuit identified Staley as the “powerful financial executive” accused of sexual assault by the woman who is suing JPMorgan. Staley’s lawyers have said the allegations against him are baseless. -WSJ
“Rather than mislead anyone about what was or was not said, why don’t they just agree to release the whole transcript?” said an Epstein accuser’s attorney, Brad Edwards, referring to Dimon’s deposition.