NEW YORK — JPMorgan Chase sued its former government Jes Staley on Wednesday, alleging that he aided in hiding Jeffrey Epstein’s yearslong intercourse abuse and trafficking so as to preserve the financier as a consumer.
The New York financial institution seeks to carry Staley personally answerable for any monetary penalties that JPMorgan could must pay in two associated circumstances. It can be searching for to power Staley to pay again wages he earned throughout the time he allegedly was conscious of the abuse and “personally observed” Epstein’s conduct on a number of events.
“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 stated in its lawsuit.
A lawyer for Staley had no touch upon the lawsuit.
JPMorgan’s lawsuit was filed after the financial institution was sued by the federal government of the U.S. Virgin Islands, in addition to by a lady recognized as Jane Doe, who was allegedly abused by Epstein. Those lawsuits declare JPMorgan ought to have seen proof of Epstein’s intercourse trafficking and knowingly benefited from it.
Previous lawsuits have proven Staley and Epstein exchanged lots of of emails and textual content messages over time, they usually have been seen to have an in depth relationship that went past the skilled relationship a banker would have with a rich consumer.
The financial institution continues to disclaim the allegations in its lawsuit, nonetheless it seems to allege that Staley could have dedicated sexual assault. It notes in its lawsuit that the nameless Doe described a “powerful financial executive” may “use his clout within JP Morgan to make Epstein untouchable.” The financial institution says that the monetary government was Staley.
Epstein was arrested in 2019 on federal expenses accusing him of paying underage ladies lots of of {dollars} in money for massages after which molesting them at his houses in Florida and New York. He was discovered lifeless in jail on Aug. 10 of that 12 months, at age 66. A medical expert dominated his demise a suicide.
Staley left JPMorgan in 2013 to turn into CEO of London-based financial institution Barclays. He resigned final 12 months following a report by British regulators into his previous hyperlinks with Epstein.
____
AP Business Writer Barbara Ortutay contributed to this report from San Francisco.
Source: www.bostonherald.com”