A mugshot of Jeffrey Epstein released by the U.S. Justice Department.
Source: U.S. Justice Department
Google founder Sergey Brin, former Disney executive Michael Ovitz, Hyatt Hotels executive chairman Thomas Pritzker and a fourth billionaire, real estate investor Mort Zuckerman, can be subpoenaed in a lawsuit against JPMorgan Chase by the federal government of the U.S. Virgin Islands related to sex trafficking by Jeffrey Epstein.
The subpoenas were first reported Friday by The Wall Street Journal. A source aware of the matter confirmed them to CNBC.
The subpoenas demand communications and documents related to the bank and Epstein, The Journal noted.
News of the subpoenas comes three days after it was reported that JPMorgan CEO Jamie Dimon will answer questions under oath within the lawsuit, which alleges that the bank ignored warning signs about Epstein for years and continued retaining him as a customer.
Kelly Sullivan | Getty Images Entertainment | Getty Images
Last week, the Virgin Islands in a press release noted that it “alleges JPMorgan Chase could have prevented harm and trauma faced by the survivors of Jeffrey Epstein’s heinous abuse.”
“But as an alternative the bank selected to look the opposite way on these legal matters while continuing to make use of their banking relationship to grow their business with recent clients introduced by Epstein,” the discharge said.
On March 20, Judge Jed Rakoff ruled the suit against the bank, in addition to the same one by women who say Epstein trafficked them, can proceed toward trial.
The plaintiffs claim that JPMorgan knowingly benefited from participating in Epstein’s trafficking scheme, which transported women to his residence within the Virgin Islands in order that he could sexually abuse them.
Jamie Dimon, CEO, JP Morgan Chase, during Jim Cramer interview, Feb. 23, 2023.
CNBC
JPMorgan has denied allegations within the suits that are pending in U.S. District Court in Manhattan.
The bank earlier this month sued former JPMorgan investment banking chief Jes Staley, claiming he’s chargeable for the suits related to Epstein.
The bank seeks to claw back greater than $80 million that it paid Staley. He quit as CEO of Barclays in 2021 after a probe by United Kingdom financial regulators over his ties with Epstein.
A lawyer for the Virgin Islands earlier this month said in court that Dimon knew in 2008 that Epstein was a sex trafficker. That was the yr that Epstein first was hit with sex crime charges in state court in Florida.
“If Staley is a rogue worker, why is not Jamie Dimon?” the attorney, Mimi Liu said on the hearing,
“Staley knew, Dimon knew, JPMorgan Chase knew” about Epstein’s criminal conduct, Liu said.
A JPMorgan lawyer said on the time that the bank disputed those claims, “specifically the purpose about Jamie Dimon having any specific knowledge.” A bank spokeswoman has said, “Jamie Dimon has no recollection of reviewing the Epstein accounts.”
JPMorgan only ended its customer relationship with Epstein in 2013.
Epstein, a former friend of Donald Trump, Bill Clinton and Britain’s Prince Andrew, was arrested on federal child sex trafficking charges in July 2019. He killed himself a month later in a Manhattan jail cell after being denied bail.
