- JPMorgan Chase sued former top executive James E. Staley, better known as Jes, in connection with a lawsuit that the government of the U.S. Virgin Islands filed against it in federal court late last year.
- JPMorgan has requested Staley to reimburse it for any damages if allegations that he knew about Jeffrey Epstein's trafficking of teenage girls and young women and concealed it from the bank are proved true.
- Staley worked for JPMorgan from 1979 to 2013 and served in top positions at its private bank and wealth management division.
- The Virgin Islands says JPMorgan should have known about Mr. Epstein’s activities on Little St. James Island, an island that he owned in the territory, off St. Thomas.
- His estate has paid out more than $125 million in settlements and recently agreed to pay more than $105 million to the Virgin Islands government to settle another lawsuit.
JPMorgan Sues Ex-Executive Accused of Helping Jeffrey Epstein
The bank is seeking to shield itself from damages if a lawsuit filed by the U.S. Virgin Islands proves that James E. Staley knew about Mr. Epstein’s sex trafficking.
By Matthew Goldstein
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