Jamie Dimon, the veteran JPMorgan Chase (NYSE:JPM) CEO and chairman, will be deposed over his bank’s links to disgraced former financier Jeffrey Epstein, according to a person with knowledge of the matter.
Dimon agreed to be interviewed under oath, at an undetermined date in the future, for two civil lawsuits tied to the convicted sex offender Epstein, according to the person, who declined to be identified speaking about the case.
The suits, one from an alleged victim and another from the U.S. Virgin Islands, allege that the New York-based bank ignored red flags about Epstein and profited from dealing with him. Earlier this month, JPMorgan sought to lay any blame from the episode on a former senior executive.
Epstein remained a JPMorgan client for five years after he pleaded guilty to soliciting a minor for prostitution.
Sources cite while a date for the sworn testimony has not yet been set the judge presiding over the case has ordered all related depositions to be completed by May end.
The deposition is connected to two high-profile cases brought against the New York-based bank by an alleged Epstein victim and the U.S. Virgin Islands, where the late Epstein had a residence.
The suits claim that JPMorgan benefited from human trafficking and ignored several internal warnings about its client’s behavior.
The development was reported earlier by the Financial Times.
JPM shares eked 20 cents to $129.08.
