March 2, 2023: On Tuesday, JPMorgan Chase & Co rejected the U.S. Virgin Islands’ demanding that it turn over the documents concerning Chief Executive Jamie Dimon for a lawsuit blaming the bank for aiding Jeffrey Epstein’s sex trafficking.
In a Tuesday filed in Manhattan federal court, JPMorgan accuses the territory of pandering for media attention and demands documents from Dimon from 2015 to 2019.
The biggest U.S. bank said Dimon was not involved in any decisions about Epstein’s account and that it had decreased the financier as a client in 2013.
It is called the U.S. Virgin Islands’ demand for a “fishing expedition” after the territory obtained a “huge trove” of information in litigation against Epstein’s estate, which recovered over $105 million.
“Dimon is not important to this action,” JPMorgan stated. “If there were evidence supporting outcome from JPMC from 2014-2019, USVI would have found it.”
In a court filing, the territory had known Dimon as “a likely source of relevant and unique information” about the talks to keep Epstein as a client and addresses Epstein’s referrals of prominent and wealthy potential clients.
The U.S. Virgin Islands seeks damages from JPMorgan for missing red flags regarding Epstein’s misbehaving on Little St. James, a private island he owns.
On Tuesday, JPMorgan asked a judge to a demand by Epstein people for more documents for their lawsuit.
Both cases focus partly on Epstein’s relationship with Jes Staley, a retired JPMorgan private banking chief who has acknowledged friendship with Epstein but denied knowing about his alleged crimes.
Epstein is dead in August 2019 at the age of 66 in a Manhattan jail cell while awaiting practices on sex trafficking charges.
Dimon and Staley, facing as Barclays Plc’s chief executive, are not defendants in either lawsuit.
The case is administered of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, No. 22-10904.