JPMorgan sues former executive over ties to late Jeffrey Epstein

JPMorgan sues former executive over ties to late Jeffrey Epstein

JPMorgan sues former executive over ties to late Jeffrey Epstein

JPMorgan Chase bank sued former executive Jes Staley for his ties to the late American investor Jeffrey Epsteinby pointing him out as the official involved in a case of sexual assault against firm personnel, according to court documents.

The financial services giant is facing legal proceedings in cases brought by the US Virgin Islands and an unidentified woman who said she was a victim of Epstein’s vast sex trafficking scheme, which was covered by the international press and was learned to be involved. to an employee of JPMorgan.

The defendant, known only as “Jane Doe 1,” alleged that Epstein’s scheme had been assisted by the company that provided him with financial services while learning, through the employee, about his criminal activities.

In a filing in federal court in New York on Wednesday, the financial giant identified Staleywhom he employed between 1979 and 2013, as the person in question.

The original complaint alleges that Staley personally observed Doe as a victim of abuse and sex trafficking at times, including upon her departure from JPMorgan in 2013″.

Although JPMorgan (JPMC) does not admit any of the charges presented in the original brief, its lawsuit would hold Staley directly responsible for any eventual sanctions against the company.

At all times during your employment relationship, Staley owed allegiance to JPMC, and was required to act in good faith in the best interest of JPMC”, the firm maintained, adding that this included revealing any fact that could harm the company “financially” either “on your reputation”. Staley knew about those conditions by signing an annual code of conduct, he added.

The former executive, who stated that his last contact with Epstein was in 2015, he resigned as director of the British bank Barclays in 2021 following an investigation into his links to the deceased.

Epstein He was convicted in Florida in 2008 of paying minors for exclusive sexual services, but served just 13 months in prison after a secret plea deal.

After facing charges of trafficking minors for sexual purposes, he escaped trial after committing suicide in a New York jail in August 2019.

Source: AFP

Source: Gestion

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