Jamie Dimon, the Chief Executive Officer at JP Morgan Chase & Co will be deposed in the Jeffrey Epstein lawsuits. The action is following the ties that his bank had maintained with the former financier turned sex offender, Jeffrey Epstein.
Reportedly, Dimon has agreed to conduct the interview under oath, the date of which is not yet fixed. Dimon will have to present himself to be deposed for two different civil lawsuits related to Epstein.
Dimon when asked for a comment on the issue declined to reply. The bank is, however, ready to defend its part in both two lawsuits and will seek damages over its dealings in the involved criminal activities.
The two civil lawsuits related to Epstein are being filed by two different people, one of whom identifies as a victim of the atrocities by him. This one is an alleged victim and the other is from the Virgin Islands, U.S. Previously, Epstein had a residential property there.
Both cases allege that JP Morgan had received the details about the illegal offenses by Epstein, but purposefully ignored that, and proceeded to conduct financial dealings with him anyway.
Brad Edwards, the lawyer proceeding with one of the lawsuits, representing the women who are the victims of the illegal offenses by Epstein.
The victims have claimed that they were sexually abused by Epstein and their move is to sue JP Morgan Chase, the New York-based bank for aiding the financial transactions and providing financial services to the sex trafficking activities conducted by the accused.
JP Morgan served Epstein for a time period between 2000 and 2013. The final half a decade of time of this period was after he was found guilty of the accused charges in a Florida prostitution case.
Epstein has also pleaded guilty to his charge in court. This led to serious controversies and severe interrogations that the nation.s prime banking institution was acting in support of a criminal.
Earlier, when the bank was accused in the same cases it had tried to save its face by reporting that all the misconduct was put into action by one of the senior employees of the firm. The bank has filed a lawsuit to file the same employee, by the name of Jes Stanley.
Stanley was a banking chief at JP Morgan in the earlier time and as of now is not an employee of the bank anymore. He is currently working with Barclays Plc (BARC.L), as its chief executive.
As per the bank’s comments, Stanley has had a friendly relationship with Epstein, which led to him assisting him to get the financial activities that he needed from the bank.
The bank’s lawsuit against Stanley cites, the institution wants him to reimburse it with compensation equivalent for a time of eight years, plus the damages that the bank will have to undertake in the present and upcoming lawsuits.
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As per the information available from a source related to JP Morgan, who has decided to not reveal identity due to legal reasons, it was known that Jamie Dimon has no first-person contact with Epstein.
There was no data or records of the both of them meeting, visiting each other, or being in close quarters or in any other sort of direct communication.
It also said that Jamie Dimon has never come in direct contact or even any kind of communication with Jeffrey Epstein. The bank had conducted a discussion to decide, whether it should retain Epstein as a client or should drop and cut him off, and Dimon was not present in such discussions, also.
Previously this month, on March 9, a Justice from the federal court had directed JP Morgan to hand over the documents related to Dimon, his presence, and role in Epstein matters, during the years between 2015 and 2019, to U.S. Virgin Islands.
The years from 2015 to 2019 are after the bank dropped Epstein as a client. The order from the federal court came after it rejected the bank’s claim in one of the related case hearings. The bank claimed that the property Epstein had on U.S. Virgin Islands was on a fishing expedition.
JP Morgan and Chase is not the only bank that has to face legal charges in the Jeffrey Epstein case. The victims of the cases, who are running the lawsuits are also suing another bank, Deutsche Bank AG (DBKGn.DE). Epstein was a client of this bank between 2013 and 2018.
Jeffrey Epstein who was serving in prison. Paying back his debts to society was found dead inside his cell on July 23, 2019. He was waiting for trial for a sex trafficking offense.
He was at the Metropolitan Correctional Center in Manhattan, a detention facility under the U.S. federal administration. He was aged 66 at the time of the incident.
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