JPMorgan CEO Testifies He Had Never Heard of Epstein’s Crimes Before Arrest
Jamie Dimon, CEO of JPMorgan, stated during a videotaped testimony that he had never heard of Jeffrey Epstein and his crimes against teenage girls and young women until Epstein’s arrest in 2019. According to the transcript of the testimony published on Wednesday, Dimon said he was surprised he had not heard of Epstein and his crimes beforehand. When asked if he had ever heard of Epstein prior to his arrest, Dimon replied that he did not remember hearing the name. The revelations were made during the videotaped statement that Dimon recorded last week relating to lawsuits against the bank. The lawsuits are seeking to hold JPMorgan financially liable for Epstein’s abuse of girls and women over many years.
Lawsuits Against JPMorgan
Lawsuits have been filed against JPMorgan by Epstein’s victims and the US Virgin Islands in the Manhattan federal court. The lawsuits are seeking to hold the bank financially liable for Epstein’s decades-long abuse of girls and young women and allege that JPMorgan provided Epstein with large amounts of cash from 1998 to August 2013, despite being aware of his sex trafficking practices. The bank denies these allegations and has filed a lawsuit against one of its former executives, accusing him of covering up Epstein’s crimes to retain Epstein as a customer.
Videotaped Statement
During the videotaped statement, Dimon was confronted with an email he received from Epstein’s former assistant in which she suggested that Dimon had planned to meet Epstein back in 2010. The CEO insisted that this was untrue, stating that he had never met Epstein or been to his house. He also denied arranging a meeting with Epstein and said he did not recall ever hearing Epstein’s name before his arrest in 2019. Dimon admitted that Epstein was problematic for the bank, and that if he had known in 2010 that Epstein was a sex trafficker and a customer of the bank, he would have taken the position that the bank should get rid of him.
Epstein’s Relationship with JPMorgan
Epstein had a close relationship with Jes Staley, who ran several divisions at JPMorgan, including the investment bank and wealth management division, until Staley left the bank in 2013. Staley later became CEO of Barclays, but had to resign from that job when the charges against Epstein were uncovered. JPMorgan is seeking to make Staley a defendant in its Epstein legal cases, claiming that he downplayed or concealed the issues with Epstein.
Summary
JPMorgan CEO Jamie Dimon has testified that he had never heard of Jeffrey Epstein and his crimes against teenage girls and young women until the financier’s arrest in 2019. The revelations were made during a videotaped statement that Dimon recorded last week relating to lawsuits against the bank. The lawsuits are seeking to hold JPMorgan financially liable for Epstein’s decades-long abuse of girls and young women. Lawsuits have been filed against JPMorgan by Epstein’s victims and the US Virgin Islands in the Manhattan federal court. The bank denies these allegations and has filed a lawsuit against one of its former executives, accusing him of covering up Epstein’s crimes to retain Epstein as a customer. Epstein had a close relationship with Jes Staley, who ran several divisions at JPMorgan until Staley left the bank in 2013. JPMorgan is seeking to make Staley a defendant in its Epstein legal cases, claiming that he downplayed or concealed the issues with Epstein.
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JPMorgan CEO Jamie Dimon has testified that he never heard of Jeffrey Epstein and his crimes against teenage girls and young women until the financier’s arrest in 2019, according to a transcript of the videotaped testimony released Wednesday .
Dimon said he first heard about it “when the story broke. He was arrested and all the stories about everyone he knew came out. And the reason I remember it is because I was surprised I didn’t know about it beforehand.”
When asked by a lawyer if he had ever heard the name Jeffrey Epstein prior to his arrest, Dimon replied, “I don’t remember.”
Dimon made the revelation during a videotaped statement recorded last week in connection with lawsuits against the country’s largest bank.
The lawsuits on behalf of Epstein victims and the US Virgin Islands in Manhattan federal court seek to hold JPMorgan financially liable for Epstein’s decades-long abuse of girls and young women.
The bank also denies The company has filed a lawsuit against one of its former executives, alleging that the man covered up Epstein’s crimes in order to keep Epstein as a customer.
Epstein was 66 when he apparently killed himself in a federal prison cell in Manhattan, where he was awaiting a federal trial on sex trafficking charges after his bail application was denied. He had pleaded not guilty to charges of sexually abusing dozens of girls, some as young as 14.
According to lawsuits filed late last year, JPMorgan provided Epstein with large amounts of cash from 1998 to August 2013 despite knowing about his sex trafficking practices.
The 416-page testimony, portions of which were heavily edited and entire pages redacted, was released publicly by agreement between the cases’ attorneys.
When testifying was confronted with an email from Epstein’s former assistant suggesting that Dimon had planned to meet Epstein back in 2010, the JPMorgan president and chief executive officer insisted that this was untrue.
“I’ve never had an appointment with Jeff Epstein. I’ve never met Jeff Epstein. I never knew Jeff Epstein. I never went to Jeff Epstein’s house. I never ate with Jeff Epstein. I have no idea what they’re referring to here,” he said.
When Epstein’s assistant emailed asking if “heavy snacks” or dinner should be prepared for the meeting, Epstein replied “snacks.”
When Dimon responded to the email, an attorney noted that Epstein did not respond by saying, “You are misinformed, Jamie Dimon is not coming.”
Dimon said: “I don’t know what he was thinking at the time. He was obviously misinformed. I never — that never happened.”
“I don’t think Jeff Epstein ever arranged a meeting for me to my knowledge,” he said.
Epstein had a close relationship with Jes Staley, who ran several divisions at JPMorgan, including the investment bank and wealth management division, until Staley left the bank in 2013. Staley later became CEO of the British bank Barclaysbut had to resign from that job when the charges against Epstein were uncovered.
JPMorgan is seeking to make Staley a defendant in its Epstein legal cases, arguing that it downplayed or concealed the issues with Epstein.
At one point in the statement, Dimon agreed that Epstein was a “disaster” and “terrible” for the bank.
Throughout testimony, Dimon insisted that the decision to retain Epstein as a client ultimately rested with the firm’s general counsel.
Dimon was asked, “If you had known in 2010 that Jeffrey Epstein is a sex trafficker, that Jeffrey Epstein is a customer of the bank, that Jeffrey Epstein withdraws tens of thousands of dollars in cash every month, then as a boss you would have known.” Bank executives said, ‘We need to get rid of this guy,’ regardless of whether the general counsel told you that was the right thing to do?”
“I think everyone involved, including myself, would have taken that position if they had known then what is known now,” he replied.
https://fortune.com/2023/05/31/jpmorgan-ceo-jamie-dimon-jeffrey-epstein-lawsuit/
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