JPMorgan CEO Dimon Will Be Questioned In Late Jeffrey Epstein Lawsuits.

Earlier this week, a federal court mandated that Jamie Dimon, the CEO of JPMorgan Chase & Co., set aside two days for testimony about his knowledge of the bank’s ties with a convicted sex offender and former customer Jeffrey Epstein. The largest US bank is facing lawsuits demanding damages from women who believe Epstein sexually assaulted them, and the US Virgin Islands, in which the late billionaire lived.

Dimon can be questioned by the plaintiff’s attorneys for five hours and by Staley’s attorney for two hours, according to U.S. District Judge Jed Rakoff in Manhattan. If someone wants it, Rakoff may provide extra time. JPMorgan has offered Dimon’s availability for three hours. The trial is set on October 23. Epstein remained a JPMorgan customer from 2000 until 2013, even after pleading guilty to a Florida state prostitution crime in 2008.

The defence for Dimon.

The plaintiffs’ lawyers are aware that the CEO has no relevant information, yet they continue with this PR spectacle, according to JPMorgan. A review of almost two decades’ worth of emails and other records reveals that he had no contact with Epstein or his accounts. He has no recollection of ever meeting, conversing with, or talking with him. Dimon began his career at JPMorgan in 2004 and was named CEO in December 2005. The CEO has not been charged with any misconduct. The plaintiffs’ and Staley’s lawyers did not immediately reply to calls for comment.

The blame goes to the earlier CEO.

In a separate case, JPMorgan accuses former private banking boss Jes Staley of hiding information about Epstein and demanding that he pay damages in the two claims. However, the preliminary finding pointed that there were no findings that Mr Staley saw, or was aware of, any of Mr Epstein’s alleged crimes,” according to Barclays, which has supported Staley throughout the probe.

According to prosecution documents, JPMorgan knew by 2006 that Epstein had paid cash to have underage girls and young women brought to his house. They ignored multiple internal warnings to discontinue connections with him. Staley, who served as CEO of Barclays Plc from 2015 to 2021, has expressed sorrow over his friendship with Epstein. Barclays said it was “disappointed” with the decision, adding that “Staley has successfully led the Barclays group since December 2015 with real commitment and skill.”

The person who is the apparent reason for the defaming of the bank is no more in the world.

Epstein died in an apparent suicide in a Manhattan jail cell in August 2019 while awaiting trial for sex trafficking. Epstein, charged with trafficking teenage girls for sex, committed suicide in a New York jail in August 2019. The autopsy indicated that the 66-year-old committed himself by hanging, but his death sparked significant debate and conspiracy theories.

In 2019, a forensic pathologist hired by Epstein’s brother stated that evidence indicated he was killed, stating that several fractures detected in his neck were “very unusual for suicide.” The US Department of Justice has been investigating how Epstein was able to hang himself in New York’s Metropolitan Correctional Centre for years. Still, no proof of foul play has been produced. 

Two prison guards on duty who acknowledged manipulating records linked to the night he died were prosecuted later that year for failing to supervise him. However, when the duo performed community service work as part of an earlier court bargain, federal prosecutors dropped the charges in late 2021.

Conclusion. 

It seems that the professional image of the CEO, Mr Dimon is under the sword. Jeffrey Epstein was the controversial financier found of running a child sex racket. If the bank already knew about his wrongdoings, it may have been better if they had ended their professional ties with him. Earlier head Mr Staley also had to resign from his position when his name got entangled with the sex offender. Let’s see what’s written in the fate of this CEO!