Finance
JPMorgan Blames Staley for Epstein Ties, Demands Eight Years of Pay
- Lawsuit seeks decade-old compensation exceeding $80 million
- Bank says it believes he’s person described by alleged victim
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Mere weeks after JPMorgan Chase & Co. defended Jes Staley against accusations he knew about Jeffrey Epstein’s sex crimes, the bank is accusing the former senior executive of deception — blaming him for its dealings with Epstein and seeking to recoup eight years of compensation.
The firm’s sudden turn against its former private banking chief — who went on to run Barclays Plc — unfolded at federal court in Manhattan late Wednesday. JPMorgan accused him of concealing an “inappropriate relationship” with Epstein and vouching for the sex offender’s character to keep him as a client.