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Jamie Dimon, the chief executive of JPMorgan Chase & Co, will be interviewed under oath about the bank’s relationship with late sex offender and former client Jeffrey Epstein, a lawyer involved in the case, on Tuesday.
The deposition is expected in early May, according to Brad Edwards, a lawyer representing women who claim to have been sexually abused by Epstein and are suing the largest US bank for allegedly allowing the financier’s sex trade.
JPMorgan declined to comment.
Epstein has been a JPMorgan client from 2000 to 2013. He agreed to a plea deal in 2008 in Florida on charges of procuring a person under 18 for prostitution and the crime of solicitation of prostitution.
JPMorgan is defending two lawsuits seeking damages over its relationship with Epstein – a class action brought by Epstein’s accusers and a case brought by the US Virgin Islands, where Epstein has a home.
JPMorgan is suing former executives
The bank is also suing Jes Staley, the former head of private banking who spent decades with the firm and later became CEO of Barclays Plc. He had been friendly with Epstein, but expressed regret for the relationship and denied any involvement in Epstein’s illegal activities.
Staley resigned from Barclays in November 2021 amid a regulatory investigation into how he characterized his relationship with Epstein.
JPMorgan, which accused Staley of “willful and wanton conduct” by withholding information about Epstein, is seeking to recover eight years’ worth of damages and damages the bank may seek in other lawsuits.
Previous lawsuits have shown Staley and Epstein exchanged hundreds of emails and text messages over the years, including some about young women, and they appeared to have a close relationship that went beyond the professional relationship a banker would have with a wealthy client.
On March 9, a federal judge ordered JPMorgan to hand over U.S. Virgin Islands documents about Dimon from 2015 to 2019, after Epstein was removed as a client, rejecting the bank’s claim that the area was part of a “fishing expedition.”
Deutsche Bank AG, where Epstein was a client from 2013 to 2018, is also being sued by financier accusers.
Epstein killed himself in a Manhattan jail cell at the age of 66 in August 2019 while awaiting trial for sex trafficking.
Ghislaine Maxwell, 61, was sentenced to 20 years in prison after a Manhattan jury convicted her in December 2021 of five counts of recruiting and grooming four girls for abuse by Epstein between 1994 and 2004. She recently asked a US appeals court to throw her out. her conviction, said the killing of errors marred her trial and prosecutors made her a scapegoat because Epstein could not be prosecuted again.
The Financial Times earlier reported Dimon’s expected deposition.
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