JPMorgan CEO Dimon states Epstein might have been booted

JPMorgan Chase CEO Jamie Dimon affirmed recently that leading bank executive Mary Erdoes and the company’s then-head legal representative had the authority to boot sex predator Jeffrey Epstein as a client well prior to Erdoes lastly took that action in 2013.

Questions by legal representatives to Dimon at his deposition Friday for 2 claims versus JPMorgan highlight that Erdoes and the legal representative, previous JPMorgan basic counsel Stephen Cutler, understood claims Epstein had actually taken advantage of girls while a customer of the bank for many years.

Erdoes in her own deposition, taken formerly, confessed that she as early as 2006 knew that Epstein was implicated of paying money to have minor women and girls gave his house, court filings expose.

But Dimon on Friday consistently stated he had no understanding of such claims about Epstein, which he was hardly familiar with him at all till 2019, according to a records of the deposition acquired by CNBC.

The claims versus the bank declare Epstein utilized cash from his JPMorgan represent the sex trafficking of girls, which the bank maintained him as a client to keep his company in spite of major caution flags about him.

One fit versus the bank was submitted by the federal government of the U.S Virgin Islands, where Epstein kept a house on a personal island. The other fit was submitted by an Epstein accuser who is looking for to license the grievance as a class action for other victims.

During his deposition, Dimon was revealed an e-mail that JPMorgan’s then-general counsel Cutler Cutler sent out Erdoes about Epstein on July 21, 2011.

In that e-mail, Cutler composed: “I would like to put it and him behind us. Not a person we should do business with, period.”

“This is not an honorable person in any way,” Cutler composed in an e-mail a day previously to Erdoes, another magnate, Jes Staley, and 2 other bank executives, according to an attorney who was questioning Dimon throughout the deposition.

“He should not be a client,” Cutler included that e-mail.

Cutler, in his own deposition recently, “testified under oath that Jes Staley and Mary Erdoes made the decision to retain Epstein as a customer of the bank,” an attorney informed Dimon.

Dimon affirmed Friday that he was not familiar with that e-mail by Cutler when it was sent out.

But he likewise stated, “Mr. Cutler had the ultimate authority to kick him out if he thought it had gone too far.”

“He was delegating reputational decisions to somebody else” Dimon stated, obviously describing Cutler’s claim that the choice to keep Epstein was made by Staley and Erdoes.

Staley, like other effective males such as previous Presidents Bill Clinton and Donald Trump, in addition to Microsoft co-founder Bill Gates, was a good friend ofEpstein Staley had actually made social sees to Epstein’s houses in Manhattan and the U.S. VirginIslands He is because of be deposed in the matches on June 10 and 11, according to a source acquainted with the schedule.

Dimon was deposed at JPMorgan’s head office in New York by legal representatives for the complainants, and for Staley, who JPMorgan argues in its own legal grievance versus him is accountable for any civil liability a jury may discover.

Epstein was ended as a client in 2013, 2 years after the e-mails and 5 years after he pleaded guilty to a Florida state charge of getting sex from a small.

As an outcome of that conviction, he needed to sign up as a sex wrongdoer. Epstein eliminated himself in a Manhattan prison in August 2019, a month after being jailed on federal kid sex trafficking charges.

An attorney asked Dimon throughout the deposition: “As CEO of personal [banking] or possession and wealth management, Mary Erdoes could have chosen to end Jeffrey Epstein as a client, as a customer, of JPMorgan; is that right?”

Dimon responded to, “I generally would say that’s true, yes.”

Erdoes affirmed in her earlier deposition that JPMorgan dropped Epstein as a customer in 2013 after she discovered that his withdrawals from his accounts were for “actual cash,” according to court filings.

“I have trust and respect in both of them,” Dimon affirmed about Erdoes and Cutler.

“My view is had she known what she had known today, she would be saying exactly the same thing I said,” Dimon stated, describing his declaration that he would have ended Epstein as a customer if he understood about his conduct at the time.

“There’s a chance that Jes knew, that’s why they’re different.”

Dimon affirmed that he was not notified that Epstein was arraigned in Florida for sex criminal activities in 2006, or of other issues about him that others at the bank raised, the deposition exposes.

“I don’t recall knowing anything about Jeffrey Epstein until the stories broke sometime in 2019” Dimon stated, describing when Epstein was jailed on federal kid sex trafficking charges.

“I was surprised that I didn’t even — had never even heard of the guy, pretty much. And how involved he was with so many people,” Dimon stated.

An attorney then asked, “Were you aware that Jeffrey Epstien was promoting you to contacts as a candidate for Secretary of the Treasury?”

Dimon responded: “Nope.”

When asked if the accusers of Epstein was worthy of an apology, Dimon stated, “I think what happened to these women is atrocious, and I’m horrified at the amount of human trafficking that takes place.”

“And I wouldn’t mind personally apologizing to them, not because we committed the crime, we did not, and not because we believe we’re responsible, but that any potential thing, what little role that we could have eased it or helped catch it quicker or something like that, or get it to law enforcement quicker or get law enforcement to react to it quicker, which they obviously didn’t,  you know, I would apologize to them.”

“For that, yes,” he stated.

The Wall Street Journal reported earlier Wednesday that legal files in the events reveal that Staley gone over Epstein with Dimon throughout the years, consisting of when Epstein was jailed in Florida in 2006 and when he pleaded guilty because case 2 years later on.

“Staley also said that Dimon communicated with him various times about whether to maintain Epstein as a client through 2012,” The Journal reported.

A JPMorgan spokesperson in a declaration about The Journal’s post stated, “We believe this is false.”

“There is no evidence that any such communications ever occurred — nothing in the voluminous number of documents reviewed and nothing in the nearly dozen depositions taken, including that of our own CEO,” stated Patricia Wexler, the spokesperson.

Wexler later on Friday informed CNBC, “Had the Firm believed he was engaged in an ongoing sex trafficking operation, Epstein would not have been retained as client.”

“In hindsight, we regret he was ever a client,” Wexler stated.