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The ongoing lawsuit against JPMorgan Chase filed by the U.S. Virgin Islands has resulted in a fresh round of subpoenas, this time targeting several billionaire businessmen, including the co-founder of Google and a former Disney executive.
On Friday, the Wall Street Journal broke the news that Sergey Brin, Google co-founder and current board member of Alphabet, Google’s parent company, received a subpoena earlier this week, along with Michael Ovitz, the former president of Disney and co-founder of CAA, one of the leading Hollywood talent agencies. Mortimer Zuckerman, media owner and real estate magnate, and Thomas Pritzker, executive chair of the Hyatt Hotels Corporation, also received subpoenas from the USVI’s Office of the Attorney General.
The subpoenas are seeking any communications the four men may have had that relates to Jeffrey Epstein and JPMorgan, although it was not clear as of press time why these four individuals in particular were targeted.
The USVI alleges that JP Morgan knew about Epstein's criminal activities yet did nothing, continuing to facilitate his business transactions and to accept referrals of high-value clients from the late convicted sex offender. The bank, in response, denies all accusations of wrongdoing and says it knew nothing about Epstein’s crimes.
According to a recent report in the Journal, JPMorgan's CEO and Chairman, Jamie Dimon, will reportedly face questioning in a case related to the bank's past business dealings with convicted sex offender Jeffrey Epstein. As per the agreement reached between the two sides, Dimon is expected to be deposed. Epstein, who maintained a residence in the U.S. Virgin Islands, had been a client of JPMorgan for several years until the bank ended its relationship with him in 2013. Epstein passed away in jail in 2019 while awaiting trial on federal charges of sex trafficking.
