JPMorgan Chase sues former senior banker with ties to Jeffrey Epstein

JPMorgan Chase sued its erstwhile concern banking main Jes Staley implicit his ties to disgraced erstwhile financier Jeffrey Epstein, alleging that Staley is to blasted for immoderate ineligible fallout from a brace of lawsuits against the bank.

The institution connected Wednesday filed a suit against Staley that sought to claw backmost his past 8 years of wage astatine JPMorgan and marque him liable for imaginable payouts successful lawsuits faced by the New York-based bank. The compensation unsocial amounts to more than $80 million.

The ineligible maneuver is the latest twist successful cases that person embroiled the biggest U.S. slope by assets. Late past year, the U.S. Virgin Islands and a radical of alleged Epstein victims sued the bank, accusing it of facilitating the enactment offender's crimes. JPMorgan kept Epstein arsenic a backstage wealthiness lawsuit until 2013, successful portion due to the fact that Staley vouched for him, contempt interior concerns aft Epstein's 2008 condemnation connected enactment crimes.

As unit connected the slope increased, JPMorgan went from defending its erstwhile enforcement successful caller weeks to shifting the blasted for immoderate Epstein fallout to him.

One of the interior emails released successful the caller lawsuits mentioned a review of the Epstein relationship expected to beryllium done by JPMorgan CEO Jamie Dimon; the slope said it hadn't seen grounds the reappraisal happened. Plaintiffs person sought to question Dimon connected the case, an effort the slope is resisting.

"To the grade that Staley knew of, participated in, oregon witnessed intersexual maltreatment associated with Epstein and did not study it to, oregon actively concealed it from JPMorgan," it is Staley, and not the bank, who is liable for injuries Epstein caused, JPMorgan said successful its Wednesday filing.

JPMorgan besides identified Staley arsenic the "powerful fiscal executive" accused of sexually assaulting 1 of Epstein's alleged victims successful 1 of the suits it faces.

Staley's attorney, Kathleen Harris of Arnold & Porter, declined to comment. Staley, who near JPMorgan successful 2013 and aboriginal became CEO of Barclays earlier stepping down from the London-based slope successful 2021, has denied cognition of Epstein's crimes.

Still, JPMorgan said successful the filing that it didn't admit that the 2 plaintiffs' allegations were accurate, and successful a connection called the lawsuits "misplaced and without merit."

"The plaintiffs person made troubling allegations concerning the behaviour of our erstwhile worker Jes Staley, and if existent helium should beryllium held liable for his actions," a JPMorgan spokeswoman said.

"We expect each of our employees astatine each level of the steadfast enactment with honesty and integrity," she added. "If these allegations against Staley are true, helium violated this work by putting his ain idiosyncratic interests up of the company's."