A stunning discovery has been made thanks to legal documents filed in New York: it seems that JPMorgan Bank was aware of the unsettling allegations made against notorious businessman Jeffrey Epstein as early as 2006. Given that the bank only severed relations with him seven years after the alleged crimes, this information is all the more incriminating because it shows a startling lack of action against a person who is believed to have perpetrated such horrible crimes as early as 14 years ago.
The chief of asset management at JPMorgan, Mary Erdoes, recently revealed some fairly incriminating information about the firm in a judicial deposition. The bank reportedly knew of Jeffrey Epstein’s dishonest behavior, namely his criminal charges against children, yet decided to continue doing business with the infamous billionaire until 2013. This story was first reported by The Financial Times, which exposed how muddy the seas of financial collusion may be.
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In 2010, JPMorgan compliance officers reportedly decided that Epstein “should go,” but it took them another three years to actually stop taking his clients.
This is the complete Financial Times article:
JPMorgan is being sued by the US Virgin Islands for damages on the grounds that the bank benefitted from human trafficking by continuing to work with Epstein even after his arrest in 2006 on a state charge for allegedly recruiting a minor for prostitution in Florida.
The CEO of JPMorgan, Jamie Dimon, will give a sworn testimony on the bank’s interactions with Jeffrey Epstein the following month. Dimon is being grilled about his awareness of the choice to keep doing business with the convicted sex offender despite his denials that he was involved in reviewing Epstein’s account. Notwithstanding JPMorgan’s denial of the charges, a person familiar with the matter claimed that the bank was only made aware of Epstein’s allegations after news of his arrest broke. The conduct of the bank and its connection with Epstein have come under significant suspicion and review as a result of these events.
According to a story from the prestigious Financial Times, JPMorgan is keeping quiet about a new case that they had previously dismissed as “meritless.” Despite rumors from industry insiders, the bank is reluctant to offer any further information at this time.
