Lawyers for Staley blast JPMorgan’s ‘absent’ claims over Epstein ties
Financial Times
23-05-19 22:19
Lawyers for Jes Staley, former CEO of Barclay’s, have refuted allegations brought against him by JPMorgan Chase that he masked a relationship with now-deceased sex offender Jeffrey Epstein. The bank is seeking to make Staley liable for two lawsuits alleging the bank failed to flag Epstein's transactions for 15 years and helped him maintain a network of victims by turning a blind eye to suspicious transactions. JPMorgan has also claimed that Staley vouched for Epstein, whereas Staley’s lawyers argue that the assertion is based on shaky foundations. A federal judge is due to rule on the motion to dismiss by the end of the month.