The US Virgin Islands is demanding extra paperwork from JPMorgan Chase chief government Jamie Dimon in a lawsuit over the financial institution’s alleged choice to retain the late intercourse offender Jeffrey Epstein and his associates as clients regardless of quite a few purple flags.
In a submitting to a New York court docket on Thursday, the territory through which Epstein had a house requested a decide to compel JPMorgan “to offer discovery responses protecting the complete temporal scope of the [US Virgin Islands’] claims via 2019 and paperwork for custodian James Dimon”.
The territory, which first filed swimsuit in opposition to JPMorgan in December, has accused the financial institution of “knowingly, recklessly, and unlawfully” offering the funds via which Epstein’s recruiters and victims had been paid, and of enabling his intercourse trafficking schemes till not less than August 2019.
“Dimon was personally concerned each in selections to retain Epstein’s accounts within the face of acknowledged high-risk exercise . . . and in conferences and evaluation associated to Epstein’s referrals of outstanding and high-wealth potential shoppers,” the submitting reads.
It added that regardless of the chief government’s “connections to this extremely related subject material, JPMorgan agrees to offer paperwork for him solely via the 12 months 2014”. The financial institution ultimately dropped Epstein as a shopper in 2013, however attorneys for the US Virgin Islands argued that date shouldn’t mark “the outer temporal boundary of discovery”.
Central to the US Virgin Islands’ argument is a consent order that was issued in early 2013 in opposition to JPMorgan by the Workplace of the Comptroller of the Forex, a banking regulator, which recognized compliance deficiencies on the financial institution.
The US Virgin Islands argues it “is entitled to find what JPMorgan did and discovered relating to Epstein and the relevant compliance program between 2013 and 2019”.
It provides that the territory “is also entitled to be taught what if something turned clear to JPMorgan in 2019 relating to Epstein’s conduct that will not have been apparent to it all through the prior decade for the reason that final time he was indicted for (and pleaded responsible to) little one sex-trafficking conduct and since JPMorgan — internally — described Epstein’s buy of a 14-year-old intercourse slave, and his provision of a line of credit score to a modelling company that was engaged in luring minor kids for sexual play for cash”.
Final week, {a partially} unredacted criticism filed by the US Virgin Islands additionally alleged that Dimon was aware about a evaluation of Epstein’s account following his arrest in Florida on soliciting prostitution expenses in 2006.
An inside e-mail cited within the criticism reads: “I’d rely Epstein’s property as a possible outflow for ’08 ($120mn or so?) as I can’t think about it’s going to keep (pending Dimon evaluation).”
Earlier on Thursday, JPMorgan mentioned: “We now have discovered no proof of, nor does [Dimon] recall, such a evaluation.” The financial institution didn’t instantly reply to a request for additional touch upon the brand new US Virgin Islands demand. It has beforehand characterised the lawsuit as “meritless”.
In an interview on CNBC on Tuesday, Dimon was requested concerning the Epstein case however mentioned he couldn’t focus on particular litigation.
