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JPMorgan Chase Lawyers Agree to Have CEO Jamie Dimon Answer Questions Under Oath in USVI Lawsuit Deposition

Janeka Simon | March 28, 2023

Lawyers for the U.S. Virgin Islands and JPMorgan Chase have struck a deal that will have bank CEO Jamie Dimon answer questions under oath about the organization’s dealings with Jeffrey Epstein.  The news comes after much wrangling over whether Mr. Dimon would be deposed in the pending lawsuit against the bank, in which the USVI claims that JPMorgan turned a blind eye to the criminal exploits of Epstein, a convicted sex offender, while handling his business accounts. The bank denies the allegations, and says any impropriety in the relationship was solely due to former executive Jes Staley. JP Morgan is suing Staley in an effort to have a court rule that he is liable for any damages that may be awarded as a result of the pending lawsuits against it.  Initially, JPMorgan had resisted the idea of having Mr. Dimon deposed, saying that he was not…

Pueblo Must Pay 33 Employees $240K in Back Wages and…

Staff Consortium | March 27, 2023

The U.S. Department of Labor announced Monday that it has obtained a consent judgment that requires…

Book Featuring Inspiring Stories From VI Women Tops…

Staff Consortium | March 23, 2023

"Passion and Purpose", a book that features 21 inspiring stories from women in the U.S. Virgin Islands…

Bryan to Position USVI as New Financial Hub in Caribbean…

Staff Consortium | March 22, 2023

Government House announced Wednesday that Governor Albert Bryan is leading a USVI delegation of representatives…

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