JPMorgan chair and CEO Jamie Dimon said in a deposition that the bank’s general counsel at the time was ultimately responsible for deciding whether to retain Jeffrey Epstein’s accounts.
JPMorgan chair and CEO Jamie Dimon said in a deposition last week that the bank’s general counsel at the time, Stephen M. Cutler, was ultimately responsible for deciding whether to retain Epstein’s accounts, which were worth hundreds of million of dollars. A transcript of Dimon’s deposition was released Wednesday to multiple news outlets, including The Washington Post.
The bank, in turn, has sued Staley, accusing him of acting on his own to advance Epstein’s interests. Staley has denied those claims, andCutler, Erdoes, Staley and Dimon himself, all had the authority to act unilaterally to remove Epstein, Dimon said in his deposition.
“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 … I would apologize to them for that,” Dimon said.When a bank has ties to someone accused of wrongdoing, it raises questions about accountability, said Eric Chaffee, a professor at the University of Toledo College of Law.
Officials from the U.S. Virgin Islands and attorneys for his victims claim the bank was complicit in funding Epstein’s long history of abuse and child sex trafficking. A
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