"Jamie Dimon, the longtime chief of JP Morgan Chase, America's biggest bank, was under oath. The occasion was a May 2023 deposition related to several lawsuits filed against his bank over its history of involvement with the sex trafficker Jeffrey Epstein. The question put to Dimon was straightforward: When did you first learn that Jeffrey Epstein was a customer of JPMorgan? His answer seemed clear: I don't recall knowing anything about Jeffrey Epstein until the stories broke sometime in 2019"
"Epstein was a client of JP Morgan Chase for 15 years, from 1998 to 2013, for the last eight of which Dimon was the bank's CEO, the position he still holds. And Epstein was not just any client, but a prized one of JPMorgan's private bank for ultra-wealthy customers. A JP Morgan report, belatedly filed with the treasury department, flagged about 4,700 Epstein-related suspicious activity transactions totaling $1.1bn, including payments to women from post-Soviet countries."
"Through Dimon's bank, Epstein wired hundreds of millions of dollars to Russian banks. Not only that, a top former JP Morgan executive, Jes Staley, undermined Dimon's sworn testimony claiming to have communicated with Dimon on Epstein years before the 2019 arrest. And a current senior bank executive, Mary Erdoes, often said to be on Dimon's shortlist of candidates to succeed him as CEO, was also actively involved with the Epstein account and was aware, as documents show, of Epstein's court-affirmed status as a high-risk sex offender."
Jamie Dimon was under oath in a May 2023 deposition related to lawsuits over JPMorgan's history with Jeffrey Epstein. Dimon said he did not recall knowing about Epstein until stories broke in 2019. Epstein banked with JPMorgan from 1998 to 2013, including eight years when Dimon was CEO. JPMorgan's private bank treated Epstein as a prized ultra-wealthy client. A JPMorgan report filed with the treasury department flagged about 4,700 Epstein-related suspicious transactions totaling $1.1bn, including payments to women from post-Soviet countries. Former and current executives had communications or involvement that contradict Dimon's claimed lack of knowledge.
Read at www.theguardian.com
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