JPMorgan Chase was aware that Jeffrey Epstein had been accused of paying cash to have underage girls and young women brought to his home seven years before the bank dropped him as a client, legal filings alleged on Wednesday in New York.
Mary Erdoes, who is now the head of asset management at the US bank, said under oath in a recent deposition that JPMorgan knew about the accusations by 2006, lawyers wrote in newly unredacted portions of a lawsuit filed against the bank by the US Virgin Islands, where Epstein had a home.
“In 2010, JPMorgan compliance officials decided that Epstein ‘should go’,” according to the filings. The bank ended its relationship with Epstein in 2013.
Read Jamie Dimon’s recent comments on the matter here.
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