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| Published On Jun 29, 2023 6:56 am CEST | By Daniel Li

JPMorgan Accused of Concealing Epstein-Related Emails by Ex-Banker

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Former top-tier banker James Staley is alleging that JPMorgan Chase is concealing critical emails relating to the financial behemoth’s dealings with Jeffrey Epstein.

According to RadarOnline, recent court filings reveal that Staley’s lawyer, Stephen L. Wohlgemuth, is urging a federal judge to order JPMorgan to release internal emails. He asserts these correspondences will substantiate that the bank was aware of Epstein’s unlawful activities.

Wohlgemuth alleges that the lawyers representing JPMorgan already hold some of these contested emails. He states, “This is likely the tip of the iceberg, as it appears that even more information available to the bank’s general counsel is being withheld…” He further adds that “JPMorgan has placed the knowledge and conduct of its general counsel (and his staff) directly at issue in this case.”

JPMorgan has lodged a lawsuit against Staley, who previously served as the head of the bank’s asset management business for nine years and its investment bank for five years. The bank is pinning the blame on Staley for any legal repercussions stemming from its association with Epstein, the notorious financier.

JPMorgan is petitioning the court to compel Staley to repay eight years’ worth of earnings from his tenure. Additionally, it wants him to shoulder the responsibility for damages in two legal suits, including a recently settled case worth $290 million.

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Staley does admit to having ties with Epstein but vehemently denies having knowledge of Epstein’s illicit activities.

Daniel Li

A day trader in cryptocurrencies and avid sports bettor himself, Daniel decided to join the team and share his expertise with the iGaming.org audience. Areas of interest are global crypto regulations and the adoption of cryptocurrency use in the world. Daniel loves to work hard and write “how to guides” related to sports betting to share his take on various topics.

Tags: JPMorganUS