NEW YORK (AP) — JPMorgan Chase sued its former govt Jes Staley on Wednesday, alleging that he aided in hiding Jeffrey Epstein’s yearslong intercourse abuse and trafficking to be able to stay the financier as a consumer.
The New York financial institution seeks to carry Staley in my view answerable for any monetary consequences that JPMorgan will have to pay in two comparable instances.
It’s also in quest of to pressure Staley to pay again wages he earned throughout the time he allegedly used to be acutely aware of the abuse and “in my view noticed” Epstein’s habits on a couple of events.
“In mild of Staley’s intentional and outrageous habits in failing to divulge pertinent knowledge and leaving behind (JPMorgan’s) pursuits in desire of his personal and Epstein’s non-public pursuits, (the financial institution) is entitled to punitive damages,” the financial institution mentioned in its lawsuit.
A attorney for Staley had no remark at the lawsuit.
JPMorgan’s lawsuit used to be filed after the financial institution used to be sued by way of the federal government of the U.S. Virgin Islands, in addition to by way of a lady recognized as Jane Doe, who used to be allegedly abused by way of Epstein. The ones complaints declare JPMorgan will have to have noticed proof of Epstein’s intercourse trafficking and knowingly benefited from it.
Earlier complaints have proven Staley and Epstein exchanged masses of emails and textual content messages through the years, and so they have been noticed to have an in depth courting that went past the pro courting a banker would have with a rich consumer.
The financial institution continues to disclaim the allegations in its lawsuit, then again it seems that to allege that Staley will have dedicated sexual attack. It notes in its lawsuit that the nameless Doe described a “robust monetary govt” may “use his clout inside of JP Morgan to make Epstein untouchable.” The financial institution says that the monetary govt used to be Staley.
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 useless in prison on Aug. 10 of that yr, at age 66. A clinical examiner dominated his dying a suicide.
Staley left JPMorgan in 2013 to develop into CEO of London-based financial institution Barclays.
He resigned ultimate yr following a document by way of British regulators into his previous hyperlinks with Epstein.
AP Trade Creator Barbara Ortutay contributed to this document from San Francisco.