A former big wig banker is accusing JPMorgan Chase of hiding a cluster of bombshell emails about the financial giant’s relationship with Jeffrey Epstein.
James Staley’s attorney is asking a federal judge to compel JPMorgan to hand over in-house emails that will allegedly prove the bank knew about Epstein’s criminal behavior, reports RadarOnline, citing newly released court documents.
Staley’s attorney Stephen L. Wohlgemuth alleges JPMorgan’s lawyers are already in possession of some of the emails in question.
“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…
JPMorgan has placed the knowledge and conduct of its general counsel (and his staff) directly at issue in this case.
These circumstances lead to a straightforward at-issue waiver, as Mr. Staley must have the opportunity to probe all information that the general counsel (and his staff) knew when making Epstein-retention decisions.”
JPMorgan is suing Stanley – who led JPMorgan’s asset management business for nine years and led its investment bank for five years – over his own alleged ties to Epstein.
The bank says he is to blame for any and all legal fallout connected to the bank’s involvement with the disgraced and deceased former financier.
JPMorgan is asking the court to force Stanley to return eight years of pay during his tenure and make him responsible for damages in two court cases, including one which was recently settled for $290 million.
Although Stanley acknowledges that he had a relationship with Epstein, he says he didn’t know anything about Epstein’s crimes.
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