JPMorgan sues former executive Jes Staley over his ties to accused sex trafficker Jeffrey Epstein

On Wednesday, the bank filed a third-party complaint Against Staley Manhattan federal court, where he argued that if any allegations are made against him, he should face liability his Beziehung zu Epstein Are shown to It is possible. 

JPMorgan Separate claims were also filed against the company. Staley Breach of the law his duty to Bank Due to his “faithless service,” According to the bank, it was entitled to All compensation received must be repaid to Staley Between 2006 and 2013.

Staley’s lawyer didn’t immediately respond to Send a comment request Staley Has previously denied any involvement in Epstein’s sex-trafficking.

The closing ties There are between StaleyOnce JPMorgan’s private banking chief, and Epstein You were at the heart of the two suits that the bank should or knew about, Epstein’s crimes and kept him on as a client anyway. But Staley In neither suit was he named as defendant.

JPMorgan It stated in its filing, that it still denied the claims of a class action. Epstein victim and an additional suit brought by the US Virgin Islands. Bank has been moved to Both suits should be dismissed and the case is closed. to You can debate its motions Monday. 

It was filed JPMorgan Staley failed to Report his Conduct with Epstein Inadvertently vouched Epstein’s good character.

Staley Had a duty to loyalty “was required to act in good faith” According to the bank, it is in the financial institution’s best interests. “Instead, if the allegations of Doe and the USVI are true, Staley repeatedly abandoned the interests of JPMC and served his own and Epstein’s interests.”

Staley Worked at the bank as a variety of positions from 1979 to 2013, and then joined Barclays Plc in 2013 as Chief. executive In 2015. In 2015, he was appointed Barclays CEO. to his Epstein ties.