JPMorgan sues former executive

finance20 Mart 2023

JPMorgan Chase sued a former senior executive, asking him to pay the debt if he was found responsible for providing banking services to financier Jeffrey Epstein, who died in federal custody in 2019 while awaiting trial on sex trafficking charges.

The bank filed a third-party complaint against former director James E. Staley in connection with a lawsuit filed by the US Virgin Islands government against it in federal court late last year. An unidentified woman who told JPMorgan that Epstein was the victim of sex trafficking and that the bank did nothing to stop the operation also filed a lawsuit.

In the JPMorgan application, Staley said that if the allegations in the case that she had knowledge of Epstein’s trafficking in white women proved to be true and she had concealed it from him, she would be required to redress any damages.