Posted on 06/10/2023 2:23:10 PM PDT by Libloather
NEW YORK, June 9 (Reuters) - Jes Staley, the onetime asset management chief at JPMorgan Chase (JPM.N), is set to be questioned under oath over the weekend about his ties to the late financier and sex offender Jeffrey Epstein, according to a person familiar with the matter.
The deposition, which is not public, is part of evidence-gathering for two civil lawsuits against the largest U.S. bank.
One is by a proposed class of women who say they were abused by Epstein, and the other is by the U.S. Virgin Islands, where Epstein allegedly abused women on a private island he owned.
Staley's testimony could be key.
In a May 1 denial of JPMorgan's motions to dismiss both lawsuits, U.S. District Judge Jed Rakoff in Manhattan said the bank may be liable if the plaintiffs show Staley had firsthand knowledge Epstein was running a sex trafficking venture.
A JPMorgan spokesperson declined to comment. The bank has denied liability and said it would have dropped Epstein as a client sooner had it known of his crimes.
Both lawsuits say JPMorgan missed red flags suggesting Epstein's crimes, such as large cash withdrawals and unusual transfers.
The financier was a JPMorgan client from 1998 to 2013, the last five years after pleading guilty to a prostitution charge in Florida.
It has in turn sued Staley, arguing he concealed what he knew about Epstein's trafficking and should cover any damages the bank may face in the cases.
**SNIP**
"If they can show that he gave special consideration to Jeff Epstein to help him cover up payments to underage girls to have sex with them, that's serious business -- but also very hard to show," said Margulis-Ohnuma, who is not involved in the case.
(Excerpt) Read more at reuters.com ...
Jeffrey Epstein did not commit suicide. He had the lowdown on several very important and powerful people!
Under oath? What the hell does that mean today?
Hillary Clinton sends her condolences on Staley’s impending suicide...
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