The Wall Street giant says Jes Staley failed to disclose potentially damaging ties to the sex offender.
JPMorgan Chase is suing former top executive Jes Staley over his links to sex offender Jeffrey Epstein.
The bank is attempting to make Mr Staley liable for any penalties it might face if it is found to have helped Epstein's sex trafficking crimes in the two lawsuits. "As a result of Staley's faithless service, JPMC is entitled to recover all compensation paid to Staley during the time period of his disloyalty," it added.Mr Staley worked in various roles at JP Morgan from 1979 to 2013. From 2001 he was chief executive of the bank's asset management operation, before heading up its corporate and investment banking business from 2009.
At the time Mr Staley said he was "shell-shocked, angry and upset" at the findings and that he would contest them.Epstein died in a New York prison cell on 10 August 2019 as he awaited, without the chance of bail, his trial on sex trafficking charges.
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