Despite Epstein’s egregious criminal charges and subsequent arrest in 2019, the bank allegedly continued to provide him with loans and allowed large cash withdrawals.
The allegations were made in a lawsuit titled “Jane Doe 1 v. JPMorgan Chase Bank,” brought to light after New York state enacted a law permitting adult victims of sexual abuse to bring forth lawsuits against their abusers, irrespective of the elapsed time since the incident.
Top-Brass Involvement: Deepening Shadows
In this convoluted saga, several of JPMorgan’s highest-ranking bankers found themselves on the witness stand, including Chief Executive Jamie Dimon and Wealth Management CEO Mary Erdoes.
According to a transcript of a videotaped deposition released last month, Dimon professed ignorance about Epstein and his crimes until his arrest in 2019.
JPMorgan Settles with Epstein Victims : Unresolved Issues and Potential Impact
While JPMorgan reaches a settlement with Epstein’s victims, the final approval rests in the court’s hands.
