JPMorgan sues former exec over ties to Epstein sex abuse

NEW YORK –

JPMorgan Chase sued its former government Jes Staley on Wednesday, alleging that he aided in hiding Jeffrey Epstein’s yearslong intercourse abuse and trafficking as a way to preserve the financier as a consumer.

The New York financial institution seeks to carry Staley personally answerable for any monetary penalties that JPMorgan might need to pay in two associated instances. It can be looking for to power Staley to pay again any wages he earned in the course of the time he allegedly was conscious of the abuse.

“In light of Staley’s intentional and outrageous conduct in failing to disclose pertinent information and abandoning (JPMorgan’s) interests in favour of his own and Epstein’s personal interests, (the bank) is entitled to punitive damages,” the financial institution stated in its lawsuit.

A lawyer for Staley had no touch upon the JPMorgan’s lawsuit.

JPMorgan’s lawsuit was filed after the financial institution was sued by the federal government of the U.S. Virgin Islands in addition to by a lady recognized as Jane Doe, who was allegedly abused by Epstein. Those lawsuits declare JPMorgan ought to have seen proof of Epstein’s intercourse trafficking and knowingly benefited from it. The financial institution denies the allegations.

Staley left JPMorgan in 2013. Last yr he resigned as CEO of London-based Barclays following a report by UK regulators into his previous hyperlinks with Epstein.

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AP Business Writer Barbara Ortutay contributed to this report from San Francisco.