JPMorgan Chase Takes Legal Action Against Ex-Senior Banker Connected to Jeffrey Epstein

JPMorgan Chase has filed a lawsuit against a former senior banker with ties to Jeffrey Epstein. The suit alleges that the banker, who was employed by JPMorgan from 2006-2013, breached his fiduciary duty and violated company policies by engaging in undisclosed business activities with Epstein. This legal maneuver is the latest twist in cases that have embroiled the biggest U.S. bank by assets over its relationship with the late convicted sex offender and financier Jeffrey Epstein dating back to 2013 when he became a client of JPMorgan’s private banking division before his conviction for soliciting prostitution from an underage girl in 2008.

The lawsuit claims that during his employment at JPMorgan, this former senior banker provided services on behalf of both himself and Epstein without disclosing any information about their relationship or obtaining permission as required under company policy – thus breaching his fiduciary duties as an employee of JPMorgan Chase & Co., according to court documents obtained by Reuters news agency last week. It also accuses him of failing “to act honestly and loyally” while working for the firm, which resulted in losses incurred due to improper investments made on behalf of clients connected with Mr.Epstein’s circle including himself.

The case highlights how even after more than seven years since it first learned about its connection with Mr. Epstein, the bank continues dealing with fallout-related issues stemming from its association with him, which has now led them to file lawsuits against those involved directly or indirectly associated with him.