Jamie Dimon, chairman and chief government officer of JPMorgan Chase & Co., all through a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., US, on Thursday, Sept. 22, 2022.
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JPMorgan Chase CEO Jamie Dimon will be deposed in late May possibly around two days for civil lawsuits accusing the huge lender of benefitting from sexual intercourse trafficking by the late dollars manager Jeffrey Epstein, a resource advised CNBC’s Eamon Javers on Wednesday.
Dimon’s questioning less than oath will occur in New York, on Could 26 and 27, a Friday and Saturday, the resource reported.
The govt of the U.S. Virgin Islands and 1 of Epstein’s accusers are suing JPMorgan in U.S. District Courtroom in Manhattan. The bank has denied any wrongdoing.
Epstein was a shopper of JPMorgan for a long time. The financial institution only lower ties with him in 2013, five yrs after he pleaded guilty in Florida point out courtroom to soliciting sexual intercourse from an underage girl.
“Jamie Dimon realized in 2008 that his billionaire client was a intercourse trafficker,” an lawyer for the Virgin Islands explained at at a courtroom listening to in March.
The bank has said Dimon did not have expertise about Epstein that was appropriate to the lawsuit.
A individual with understanding of Dimon’s deposition claimed, “The scheduling is fluid and could improve.”
In addition to attorneys for the Virgin Islands and Epstein’s accuser, legal professionals for Jes Staley, JPMorgan’s previous expenditure banking main, will get to issue Dimon.
JPMorgan argues that Staley, not the financial institution, is legally responsible for any civil liability linked to its dealings with Epstein.
On Wednesday, lawyers in the satisfies had been scheduled to depose William Langford, who earlier served as a top rated JPMorgan government dependable for anti-funds laundering initiatives, money crimes compliance and regulatory management.
The Virgin Islands’ lawsuit promises that JPMorgan “facilitated and concealed wire and income transactions that lifted suspicion of — and were in simple fact portion of — a criminal organization whose forex was for the sexual servitude of dozens of women and women in and further than the Virgin Islands.”
“Human trafficking was the [principal] enterprise of the accounts Epstein taken care of at JP Morgan,” the match says.
Epstein killed himself in a Manhattan jail mobile in 2019, a thirty day period immediately after remaining arrested on federal little one sex trafficking fees.
He earlier was a friend of two former presidents, Donald Trump and Bill Clinton, and Britain’s Prince Andrew, as perfectly as a slew of other prosperous and impressive persons.
Correction: A past headline cited numerous sources for the timing of Jamie Dimon’s anticipated deposition when there was only just one supply. CNBC has considering the fact that confirmed the timing with numerous sources.
