JP Morgan CEO Denies Wrongdoing in Epstein Lawsuits
Date
5/28/2023 8:51:20 AM
(MENAFN) Jamie Dimon, the CEO of JP Morgan, has issued a formal statement in response to two lawsuits that allege the largest United States bank had ties to convicted sex offender Jeffrey Epstein. The relationship between the bank and Epstein spanned nearly 15 years, starting in 1998 and continuing until 2013, even after Epstein had pleaded guilty to soliciting a minor for prostitution. Prosecutors claim that JP Morgan ignored warning signs about Epstein's illicit activities and continued to profit from their association with him.
Both Jamie Dimon and JP Morgan have vehemently denied any wrongdoing or liability in connection with Epstein. In a statement released on Friday evening, the bank clarified that Dimon asserted he had never met or communicated with Epstein, and he could not recall discussing Epstein's accounts with anyone else at the bank. Dimon's statement was provided during a private legal meeting, commonly known as a deposition, held at JP Morgan's headquarters in New York earlier that day.
Jeffrey Epstein, who tragically died by suicide in 2019, maintained hundreds of millions of dollars across more than 50 accounts at JP Morgan until he was eventually dropped as a client. The dual complaints filed in federal court last year alleged that internal concerns were raised within the bank about Epstein's legal troubles and his underlying conduct, but JP Morgan chose to retain him as a customer.
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