{"id":3195,"date":"2023-05-02T10:04:06","date_gmt":"2023-05-02T14:04:06","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/judge-says-jpmorgan-could-be-liable-for-epstein-sex-trafficking-if-staley-knew-about-it\/"},"modified":"2023-05-02T10:04:06","modified_gmt":"2023-05-02T14:04:06","slug":"judge-says-jpmorgan-could-be-liable-for-epstein-sex-trafficking-if-staley-knew-about-it","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=3195","title":{"rendered":"Judge says JPMorgan could be liable for Epstein sex trafficking if Staley knew about it"},"content":{"rendered":"
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\n<\/u>3\/3<\/span><\/p>\n

\u00a9 Reuters. FILE PHOTO: Then-Barclays’ CEO Jes Staley arrives at 10 Downing Street in London, Britain january 11, 2018. REUTERS\/Peter Nicholls\/File Photo<\/span>
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\n2\/3<\/span><\/u>\n<\/div>\n

By Jonathan Stempel<\/p>\n

NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:) could be liable to women who accused Jeffrey Epstein of sexual abuse if they can show that former executive Jes Staley had first-hand knowledge that the financier ran a sex-trafficking venture, a U.S. judge said on Monday.<\/p>\n

U.S. District Judge Jed Rakoff in Manhattan discussed Staley’s alleged role, which Staley denies, in a decision explaining why he refused to dismiss lawsuits accusing JPMorgan and Deutsche Bank <\/span><\/span> AG (NYSE:) of enabling Epstein’s sex trafficking.<\/p>\n

“If the allegations in plaintiffs’ complaints are taken as true, Mr. Staley had actual first-hand knowledge that Epstein conducted a sex-trafficking venture,” Rakoff wrote.<\/p>\n

By attributing that knowledge to JPMorgan, Epstein’s accusers might show that JPMorgan “actually knew” about the venture or “recklessly disregarded” its existence, Rakoff said.<\/p>\n

JPMorgan and lawyers for Staley did not immediately respond to requests for comment.<\/p>\n

The decision covers two lawsuits against the banks by Epstein’s accusers, and a lawsuit against JPMorgan by the U.S. Virgin Islands, where Epstein allegedly abused women on his private island Little St. James.<\/p>\n

Rakoff had issued his “bottom-line” rulings in those lawsuits on March 20.<\/p>\n

JPMorgan is separately suing Staley to cover its losses in the two lawsuits it faces, and forfeit eight years of pay.<\/p>\n

Staley has asked Rakoff to dismiss the bank’s case, accusing JPMorgan of using him as a “public relations shield” to deflect blame for its own failures in working with Epstein.<\/p>\n

The U.S. Virgin Islands case included accusations that Epstein and Staley swapped sexually suggestive messages about young women, including an email that Rakoff quoted where Staley said: “That was fun. Say hi to Snow White.”<\/p>\n

Staley, 66, led JPMorgan’s asset management business from 2001 to 2009, and its corporate and investment bank from 2009 to 2013. He later spent six years as Barclays <\/span><\/span> (LON:) Plc’s chief executive.<\/p>\n

All of the lawsuits are scheduled for trial this year.<\/p>\n

The cases in the U.S. District Court, Southern District of New York are: Jane Doe 1 v Deutsche Bank (ETR:) AG et al, No. 22-10018; Jane Doe 1 v JPMorgan Chase & Co, No. 22-10019; Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, No. 22-10904; and JPMorgan Chase Bank NA v Staley, in Nos. 22-10019 and 22-10904. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

3\/3 \u00a9 Reuters. FILE PHOTO: Then-Barclays’ CEO Jes Staley arrives at 10 Downing Street in London, Britain january 11, 2018. REUTERS\/Peter Nicholls\/File Photo 2\/3 By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:) could be liable to women who accused Jeffrey Epstein of sexual abuse if they can show that former executive […]<\/p>\n","protected":false},"author":1,"featured_media":3196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-3195","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nJudge says JPMorgan could be liable for Epstein sex trafficking if Staley knew about it | iFintechWorld<\/title>\n<meta name=\"description\" content=\"3\/3 \u00a9 Reuters. 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