Jamie Dimon, chairman and ceo of JPMorgan Chase & & Co., throughout a Senate Banking, Real Estate, and Urban Affairs Committee hearing in Washington, D.C., United States, on Thursday, Sept. 22, 2022.
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JPMorgan Chase CEO Jamie Dimon will be deposed in late May over 2 days for civil suits implicating the huge bank of taking advantage of sex trafficking by the late cash supervisor Jeffrey Epstein, a source informed CNBC’s Eamon Javers on Wednesday.
Dimon’s questioning under oath will happen in New York City, on May 26 and 27, a Friday and Saturday, the source stated.
An individual with understanding of Dimon’s deposition stated, “The scheduling is fluid and might alter.”
The federal government of the U.S. Virgin Islands and among Epstein’s accusers are taking legal action against JPMorgan in U.S. District Court in Manhattan. The bank has actually rejected any misbehavior.
Epstein was a client of JPMorgan for several years. The bank just cut ties with him in 2013, 5 years after he pleaded guilty in Florida state court to getting sex from a minor woman.
” Jamie Dimon understood in 2008 that his billionaire customer was a sex trafficker,” a lawyer for the Virgin Islands stated at a court hearing in March.
The bank has actually stated Dimon did not have understanding about Epstein that related to the suits.
In addition to attorneys for the Virgin Islands and Epstein’s accuser, attorneys for Jes Staley, JPMorgan’s previous financial investment banking chief, will get to question Dimon.
JPMorgan argues that Staley, not the bank, is lawfully accountable for any civil liability associated to its transactions with Epstein.
On Wednesday, lawyers in the fits were set up to depose William Langford, who formerly acted as a leading JPMorgan executive accountable for anti-money laundering efforts, monetary criminal offenses compliance and regulative management.
The Virgin Islands’ suit declares that JPMorgan “helped with and hid wire and money deals that raised suspicion of– and remained in truth part of– a criminal business whose currency was for the sexual thrall of lots of ladies and women in and beyond the Virgin Islands.”
” Human trafficking was the [principal] organization of the accounts Epstein kept at JP Morgan,” the fit states.
Epstein eliminated himself in a Manhattan prison cell in 2019, a month after being detained on federal kid sex trafficking charges.
Correction: A previous heading pointed out numerous sources for the timing of Jamie Dimon’s anticipated deposition when there was just one source. CNBC has actually given that verified the timing with numerous sources.