JPMorgan lawsuit: Jes Staley sued over ties to Jeffrey Epstein

JPMorgan Chase is suing its former govt Jes Staley, alleging that he aided in hiding Jeffrey Epstein’s yearslong intercourse abuse and trafficking so as to stay the financier as a shopper. The lawsuit additionally accuses Staley of sexually assaulting a girl beneath Epstein’s auspices. 

The New York financial institution seeks to hang Staley in my view responsible for any monetary consequences that JPMorgan can have to pay in two similar instances. It may be looking for to pressure Staley to pay off his reimbursement all the way through an 8-year length he used to be hired by way of the financial institution and used to be allegedly used to be acutely aware of the abuse and “personally observed” Epstein’s conduct on more than one events.

Staley departed JPMorgan in 2013 to transform CEO of London-based financial institution Barclays, a task he resigned from final 12 months following a file by way of British regulators into his previous hyperlinks with Epstein.

JPMorgan’s lawsuit, filed Wednesday, comes after the financial institution used to be sued by way of the U.S. Virgin Islands, in addition to by way of a girl recognized as Jane Doe, who used to be allegedly abused by way of Epstein. Those proceedings declare JPMorgan will have to have noticed proof of Epstein’s intercourse trafficking and knowingly benefited from it.

“In light of Staley’s intentional and outrageous conduct in failing to disclose pertinent information and abandoning (JPMorgan’s) interests in favor of his own and Epstein’s personal interests, (the bank) is entitled to punitive damages,” the financial institution mentioned in its lawsuit.

A legal professional for Staley had no remark at the lawsuit.

The lawsuit states that an unnamed girl alleged that “one of Epstein’s friends used aggressive force in his sexual assault of her” and claimed that “he had Epstein’s permission to do what he wanted to her.”

“Upon information and belief, Staley is this person, who she described as a “tough monetary govt” she had historically been afraid to identify,” the lawsuit alleges. 

Hundreds of emails, texts

Previous proceedings have proven Staley and Epstein exchanged masses of emails and textual content messages over the years, and so they have been noticed to have a detailed dating that went past the pro dating a banker would have with a rich consumer.

The financial institution continues to deny the allegations in its lawsuit. 

Epstein used to be arrested in 2019 on federal fees accusing him of paying underage ladies masses of greenbacks in money for massages after which molesting them at his houses in Florida and New York. He used to be discovered lifeless in prison on Aug. 10 of that 12 months, at age 66. A clinical examiner dominated his demise a suicide.