Reuters | March 9, 2023
A U.S. judge on Thursday ordered JPMorgan Chase & Co (JPM.N) to hand over more documents concerning Chief Executive Jamie Dimon to the U.S. Virgin Islands for the territory’s lawsuit accusing the bank of aiding in Jeffrey Epstein’s sex trafficking.
U.S. District Judge Jed Rakoff in Manhattan said the bank must turn over requested documents from 2015 to 2019, a period after JPMorgan had dropped Epstein as a client. Rakoff did not explain his reasoning in his one-sentence order.
The U.S. Virgin Islands is seeking damages from JPMorgan for allegedly aiding in Epstein’s sex trafficking by keeping him as a client, and missing red flags about his misconduct on Little St. James, a private island he owned.
I wish them luck. JPM will ship them a couple hundred poorly labeled “Bankers Boxes” that will contain thousands of pages of totally redacted content. Think: 7″ x 9″ black rectangle with a small white border. You’ll see an occasional date or letterhead logo to help ID the ruse, but nothing of consequence will appear. It’s why the wheel of justice grinds slowly. One side waits for the other to run out of money or in this case ‘political capital’. OR, maybe someone higher in the food chain will “appoint” the right person, and the problem will go away. (Remember Burisma ?)