Former JPMorgan exec Jes Staley loses bid to dismiss suit over Jeffrey Epstein ties

Jes Staley, former CEO of Barclays

Justin Solomon | CNBC

A federal judge on Wednesday denied former JPMorgan Chase executive Jes Staley’s request to dismiss a lawsuit by the bank that seeks to hold him legally liable for sex trafficking by former JPMorgan customer Jeffrey Epstein.

The ruling in U.S. District Court in Manhattan came two days before JPMorgan CEO Jamie Dimon is scheduled to be deposed in a lawsuit by the government of the U.S. Virgin Islands against the bank over its relationship with the late predator Epstein.

The Virgin Islands alleges in that suit, filed in December, that JPMorgan facilitated and financially benefited from the trafficking of young women by Epstein to his private island in the American territory to be abused by him and others there. Epstein was a long-time client of the bank until 2013.

This is breaking news. Please check back for updates.

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