JP Morgan boss pressed by US senator about bank’s contact with Jeffrey Epstein
Summary
Senator Elizabeth Warren has asked JP Morgan CEO Jamie Dimon to clarify the bank’s interactions with Jeffrey Epstein, a convicted sex offender. New documents suggest Dimon may have lobbied UK officials influenced by Epstein’s advice, though Dimon denies knowing Epstein or taking any guidance from him.Key Facts
- Senator Warren, a top Democrat on the Senate banking committee, wrote to Jamie Dimon seeking information about any contact with Jeffrey Epstein.
- Epstein was a convicted child sex offender who was arrested in 2019 and died in 2019.
- New emails from 2009 show Epstein asking a former UK minister if Dimon should lobby against a tax on banker bonuses.
- The UK minister responded that Dimon should “mildly threaten” the chancellor, which Dimon reportedly did by warning about JP Morgan’s investments.
- Jamie Dimon says he never met Epstein and did not know about him until Epstein’s arrest in 2019.
- JP Morgan ended its business relationship with Epstein in 2013, before Epstein’s federal sex trafficking arrest.
- A former JP Morgan executive claimed to discuss Epstein-related issues with Dimon, but JP Morgan denies this and has sued the executive.
- JP Morgan regrets any past dealings with Epstein and said it would not have continued business with him if it had known about ongoing crimes.
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